Something broke, but the Fed is still expected to go through with rate hikes
Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Semiannual Monetary…
UK economy rebounds with stronger-than-expected January GDP print
City workers in Paternoster Square, where the headquarters of the London Stock Exchange is based, in the City of London,…
Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’
JPMorgan Chase CEO Jamie Dimon said Thursday that containing inflation remains a work in progress for the Federal Reserve, while…
Dow closes nearly 700 points lower in broad selloff, as all indexes cap their worst day of 2023: Live updates
U.S. stocks dropped Tuesday as higher rates continue to pressure market sentiment, and the latest batch of retail earnings raised…
Bitcoin rises despite U.S. crackdown, as crypto market gains $84 billion in value
Bitcoin has had a strong start to the year with the cryptocurrency seeing a huge rally. Jakub Porzycki | Nurphoto…
Will Russian Sanctions Spark Global Recession?
Economics experts are warning of a potential global recession, and it’s all due to a dangerous Russian sanctions game. The…
Euro zone inflation dips for a third straight month as energy prices continue to fall
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above…
Markets need to ‘re-anchor their thinking’: Bank of England chief economist hints that traders have it wrong
LONDON — The Bank of England remains committed to its “key goal” of bringing down inflation, but hopes markets will…
The crisis is over for the British pound, but analysts see further weakness ahead
Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is on firmer footing since…
Big Tech falters on dreary earnings and forecasts for Q4— Meta has worst week ever, Amazon tumbles 13%
Facebook CEO Mark Zuckerberg Marlene Awaad | Bloomberg | Getty Images Other than Apple, it was a brutal earnings week…
Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including…
Dow closes up 550 points, Nasdaq pops more than 3% as strong bank earnings boost volatile market
Stocks rose sharply on Monday as key earnings reports eased some of investors’ fears and oversold tech names enjoyed a…
Dow closes 400 points lower to end a wild week of trading
Stocks slumped Friday, capping off a volatile week of trading, a day after posting a historic turnaround rally as investors…
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and…
Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations…
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will…