The US economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining,
The value of German exports jumped by 4.5 per cent in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices. Exports rose for a third month in a row, beating forecasts for a 1 per cent increase and pushing Germany’s seasonally adjusted trade surplus to 6.4 billion
The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, US employers just kept adding hundreds of thousands of workers, often beating forecasters’ expectations. But now economists worry that signs of weakness are starting to turn up in hiring, threatening
Global stock markets mainly dropped on Friday, with investors focused firmly on the outlook for interest rate hikes as central banks battle to bring down sky-high inflation.
The California economy may seem healthy on the surface, with home prices soaring, Silicon Valley booming and the state government posting big multi-year state budget surpluses thanks to a massive surge in capital gains tax revenues and income
World stocks resumed their slide on Thursday and government bonds hovered at multi-year highs after a series of rate rises from global central banks rekindled fears
Stock markets diverged on Tuesday as investors fret over the possibility that the US Federal Reserve will move aggressively to combat inflation.
Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week,
A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention on Friday to the severe economic turbulence looming over
The International Monetary Fund (IMF) on Friday slashed its US economic growth forecast as aggressive Federal Reserve interest rate hikes cool demand but predicted that the United States would “narrowly” avoid a recession.