The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday."I think that as far as Europe is concerned we need a more mature attitude in our trade, securing our economy ......
People shop in the food section of a retail store in Rosemead, California, on January 19, 2024. Frederic J. Brown | AFP | Getty ImagesInflation trends may have gotten a little less dreary in April, though they are still likely to keep the Federal Reserve uncomfortable enough to stay on...
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon.The produce price index, a measure of what producers receive for the goods they produce, increased 0.5% for the month, higher than the 0.3% Dow Jones estimate. However, the March reading...
People shop at a grocery store in Monterey Park, California, on April 12, 2022.Frederic J. Brown | AFP | Getty ImagesConsumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy, according...
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there's a strong interest in microloans as cash-strapped Americans try to scrape by.That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds...
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday.The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for May, down from 77.2 in April and well off the...
Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in London, on May 9, 2024. The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer...
Commuters in London.Jason Alden/Bloomberg via Getty ImagesThe U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations.Economists polled by Reuters had forecast growth of 0.4% on the previous three months of the year.The U.K. entered a shallow recession in...
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images)Christoph Soeder/dpa | Picture Alliance | Getty...
Jobseekers during a Construction Career Fair at Cape Fear Community College in Wilmington, North Carolina, US, Wednesday, March 15, 2023. Allison Joyce | Bloomberg | Getty ImagesInitial filings for unemployment benefits hit their highest level since late August 2023 in a potential sign that an otherwise robust labor market is...