Governments and banks once mocked Bitcoin. Now they want in on it | Crypto
Bitcoin has proven to be one of the best-performing assets in modern history. The value of the cryptocurrency has increased some 1,000 times over the…
November PCE: Key fed inflation gauge rose 2.4% annually
1 of 4 | The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis and 2.4% from the same period last…
Stocks plunge as Federal Reserve’s tilt triggers ‘Black Wednesday’
Fed sparks market rout: Wall Street plunged, the dollar hit two-year highs, and Treasury yields spiked as Powell struck a hawkish tone, warning of inflation…
US Fed cuts interest rates but cautions for year ahead | Business and Economy News
Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk.The United States Federal Reserve has cut interest…
Fed lowers interest rates again but more cuts uncertain
WASHINGTON — The Federal Reserve on Wednesday made another cut in interest rates, but dialed back expectations for lowering rates in the near future. The rate…
UK inflation rises further above Bank of England’s target in November
The biggest increase since March and the second rise in two months is likely to cement market expectations that the Bank of England will keep…
European Central Bank delivers final rate cut of the year
The ECB started cutting the main interest rates in June 2024, to boost the Eurozone's lagging economy, through lower rates to encourage borrowing, spending and…
Asian Stocks to Rise as US Inflation Backs Fed Cut: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian stocks were poised to climb Thursday after US equities snapped a two-day slide on benign inflation data that supported expectations for…
Biden acknowledges inflation pain, warns against Trump policies
1 of 3 | President Joe Biden delivers remarks at the Brookings Institution on Tuesday in Washington, D.C., while promoting the effects of his administration's…
US Inflation Data to Show Fourth Consecutive Month of Firm Gains
Breadcrumb Trail LinksPMN BusinessForecasters expect a monthly report on US consumer prices to show a fourth-straight month of firm increases in prices, suggesting progress toward…
Poundland takes £639million hit to value as profits crash and costs soar
POUNDLAND is facing an uncertain future as tumbling profits have prompted its owner to admit it was considering what to do with it.Polish owner Pepco…
Cost of a family Christmas dinner jumps by inflation-busting 6.5 per cent, damning figures reveal
THE cost of a family Christmas dinner has jumped by an inflation-busting 6.5 per cent, figures show.Rising prices of turkey and the trimmings have pushed…
Fact-check: Donald Trump’s latest claims on tariffs, murders and more | Donald Trump News
In a December 8 interview on NBC’s Meet the Press, United States President-elect Donald Trump elaborated on plans for removing people illegally residing in the…
Ghana elections: Who is running and what’s at stake? | Elections News
Voters in the West African nation of Ghana are heading to the polls on Saturday to decide the country’s next parliament and president in tense,…
U.S. job growth is strong in November, but retailers pull back
WASHINGTON — Job growth rebounded in November from the weather-related stall in hiring the previous month, fresh evidence that the labor market remains healthy despite signs…
America needs to retake Econ 101
If we're going to vote based on concerns about cost of living, we need to know what levers government can pull and which promises are…
Biden’s relief plan: Major victory gets mixed one-year reviews
WASHINGTON — It’s not often that a president gets everything he asks for, but that’s what happened.President Biden wanted $1.9 trillion to help the country climb…
Charting the Global Economy: Sticky Inflation Backs Fed Caution
Breadcrumb Trail LinksPMN BusinessThe Federal Reserve’s preferred inflation measure accelerated in October, helping explain US central bankers’ more cautious approach to interest-rate cuts.Author of the…
Eurozone’s inflation rate rises to 2.3%: Should the ECB be concerned?
Annual inflation in the eurozone edged higher in November, matching expectations, while Germany reported its worst retail sales drop in two years, signalling broader economic…
Motorists still being ripped off at the pumps as fuel retailers keep profits high
MOTORISTS are still being ripped off at the pumps as fuel retailers keep profits high, the competition watchdog warned.Despite falling global oil prices, supermarkets and…