Traders work on the floor of the New York Stock Exchange, June 29, 2023.Brendan McDermid | ReutersGlobal stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top economists say there is nothing to worry about.Fitch announced late on Tuesday that...
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023.Ying Tang | NurPhoto | Getty ImagesThe Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and...
Skyline view of the City of London financial district.Mike Kemp | In Pictures | Getty ImagesLONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually.Economists polled by Reuters had projected an annual rise in the headline consumer price index of 8.2%, following May's...