In worst 1-day loss in nearly a year, Dow tumbles 525 points on new inflation data
Traders work the floor of the New York Stock Exchange (NYSE) on Wall Street in New York City. On Tuesday, the Dow Jones Industrial Average…
Markets’ week ahead: European stocks rise ahead of US inflation print
The US inflation report out on Tuesday could have a huge role in determining when and by how much the Federal Reserve decides to cut…
Why is the US economy so resilient? | Business and Economy
The US economy is on a tear, and it has pulled far ahead of the rest of the world. Geopolitical tensions, the pandemic’s lingering aftershocks,…
Slower US Inflation Is Set to Fuel Fed Cut Optimism
Breadcrumb Trail LinksPMN BusinessThe pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal…
US Federal Reserve member Loretta Mester joins central bank chorus pushing back on rate cut hopes
A voting member of the US Federal Reserve has joined the chorus of central bank officials pushing back against the prospect of interest rate cuts…
‘We Can’t Breathe’: Renewed Hardship As Inflation Chokes Nigerians
On Feb. 5, residents of Minna, the capital of Niger State in North Central Nigeria, took to the streets to protest over the rising cost…
Turkey appoints Fatih Karahan as new central bank chief after Erkan resigns | Business and Economy News
The appointment comes a few hours after the resignation of Hafize Gaye Erkan citing a media scandal. President Recep Tayyip Erdogan has named the central…
With Australia’s economy at a turning point, are the stage 3 tax cuts enough to lift the government’s political fortunes?
The Australian economy is at a turning point. When the Reserve Bank meets this week for the first time in 2024, it will be assessing…
Bank of England forecasts inflation will fall to target of two per cent 18 months early
THE Bank of England yesterday forecast inflation will fall to its target of two per cent 18 months earlier than expected. The encouraging news led…
Opinion: Biden’s got a good-news deficit. What will turn it around?
If President Biden’s reelection hinged on the state of the economy, he’d be a good bet, or at least a better one. Instead, it’s voters’…
Inflation, high interest rates biggest headwinds facing EVs in 2024
Article contentInflation and elevated interest rates continue to be the biggest challenges facing the auto sector in 2024, says one industry expert, and that could…
Could Red Sea attacks push up prices and fuel inflation? | Business and Economy
Houthi rebels have attacked vessels transporting goods through Bab al-Mandeb strait that they say are linked to Israel. Inflation was expected to ease in 2024…
The government’s stage 3 tax cuts decision raises the stakes for Albanese. But Dutton is also raising them for himself
The Labor government's replacement of the stage 3 tax cuts with its own new package has turned the March 2 Dunkley by-election into a referendum…
Chief Economists Outlook: More Economic Uncertainty on the Horizon
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple…
UK Inflation Is Set to Ease, But Not as Quickly as Markets Hope
Breadcrumb Trail LinksPMN BusinessInflationary pressures in the UK are set to ease again this week, though not as quickly as investors are hoping as they…
Middle East braces for chaos as Iran and West square up – POLITICO
Press play to listen to this article Voiced by artificial intelligence. Western warplanes and guided missiles roared through the skies over Yemen in the early…
Australian Inflation Eases, Boosting Case for Rate Pause
Breadcrumb Trail LinksPMN BusinessAustralia’s monthly inflation gauge moderated for a second straight month in November, in a welcome outcome that bolsters the case for the…
Full list of household bills set to rise by up to £370 in 2024 – and how to avoid paying more
MILLIONS of Brits are set to be hit with increases to several household bills this year. Some will even go up by hundreds of pounds…
Champagne sales in House of Lords hit five-year high as cost of living crisis passes by thirsty peers
CHAMPAGNE sales in the House of Lords hit a five-year high in 2023 as the cost of living crisis passed by thirsty peers. Figures showed…
What lies ahead for the global economy in 2024? | Business and Economy
Major economies defied predictions of recession in 2023. But inflation and high interest rates remain major concerns. A global recession was widely predicted in 2023,…