Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects or deals as inflation rages Continue Reading
Global markets are set to close out their most bruising first half of a year in decades, leaving investors bracing for the prospect of further losses. Accelerating inflation and rising Continue Reading
Household spending may be running out of momentum, economists say, as Americans face the highest inflation in four decades and incomes that haven’t kept up with price increases. U.S. consumers Continue Reading
Oil and gas employees across the globe are on edge as the industry faces a growing set of existential challenges. The green energy transition is one of the primary drivers Continue Reading
Signs of an economic slowdown are emerging in different parts of the world. Kemp: demand destruction is about to become pronounced in diesel fuel demand. Goldman Sachs: it may take Continue Reading
IMF Managing Director Kristalina Georgieva Photographer: Andrew Harrer/Bloomberg The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements Continue Reading
The U.S. and European economies slowed sharply in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed, increasing the risk of Continue Reading
The U.S. economy faces elevated risks of a recession over the next one to two years due to rising imbalances in markets for goods and services, including labor, according to Continue Reading
Jay Powell said a US recession is “certainly a possibility” and warned that avoiding a downturn now largely depends on factors outside the Federal Reserve’s control. In testimony to the Continue Reading
Shipping containers are loaded onto trucks at the Port of Boston in Massachusetts. Supply constraints, exacerbated by Russia’s war in Ukraine this year, account for about half of the surge Continue Reading
The likelihood of a recession has increased rapidly amid pressures from inflation and the Federal Reserve’s more aggressive action. Economists surveyed by The Wall Street Journal have dramatically raised the Continue Reading
The easing of industrial output added to signs of an economic slowdown. Factories in the mid-Atlantic region saw diminished activity for the first time in two years this month, the Continue Reading
More Americans are beginning to hold off on booking flights, getting haircuts, building backyard pools and replacing old leaky roofs — in some of the new signs that the consumer Continue Reading
BofA Securities economists see roughly a 40% chance of a U.S. recession next year, with inflation remaining persistently high. They expect U.S. Gross Domestic Product growth to slow to almost Continue Reading
Hackers on Friday delayed the start of President Vladimir Putin’s speech to Russia’s flagship economic forum, shorn of strong Western participation as Russia adjusts to the “new reality” of life Continue Reading
The U.S. economy is starting to slow under the combined weight of soaring inflation and climbing interest rates—including the highest mortgage rates since 2008. Recent reports show sharp declines in Continue Reading
Concerns including energy costs, supply-chain snarls and China’s pandemic lockdowns are contributing to CEOs’ sense that a recession is likely. Most top executives say they think a recession is looming Continue Reading
Following the U.S. Fed’s biggest rate hike since 1994 on Wednesday, which brought oil prices down 1%, central banks across Europe on Thursday raised interest rates by record amounts in Continue Reading
The US economy will tip into a recession next year, according to nearly 70 per cent of leading academic economists polled by the Financial Times. The latest survey, conducted in Continue Reading
U.S. consumer inflation reached its highest level in more than four decades in May as surging energy and food costs pushed prices higher , with little indication of when the Continue Reading
Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns Continue Reading
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner of business, with signs emerging that the rising expenses are Continue Reading
Russia’s war in Ukraine is causing a significant negative effect on the global economy and is pushing inflation higher and for longer, Mathias Cormann, Secretary-General of the Organization for Economic Continue Reading
For large and small nations around the globe, the prospect of averting a recession is fading. That grim prognosis came in a report Tuesday from the World Bank, which warned Continue Reading
The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the Continue Reading
Three of the key supply-side factors driving today’s global inflation levels have already turned around, meaning relief could be on the horizon for shoppers worldwide. A bellwether semiconductor price — Continue Reading
Fed Beige Book Shows Growth Slowing in Some Areas Record inflation in the euro zone is seen fueling the European Central Bank’s tightening debate at this coming week’s policy meeting, Continue Reading
Retailers including Walmart have reported that some shoppers are beginning to curtail spending. Over the past week, business leaders have laid out in the starkest terms yet that a period Continue Reading
American employers extended an impressive run of hiring in May, even as policymakers took steps to cool the economy in an effort to ease high inflation. The Labor Department reported Continue Reading
US Employers Added More Jobs Than Expected in May Growth at US service providers moderated in May to the softest pace in over a year, reflecting a pullback in a Continue Reading
BlackRock’s Rieder: May Jobs Report ‘Last Solid One’ for a While Corporate America is ratcheting up its warnings about the US economy. Executives from Jamie Dimon and Elon Musk to Continue Reading
In May the US Federal Reserve implemented its largest interest rate increase in two decades. The move is likely to affect emerging market currencies and increase debt payments. Emerging markets Continue Reading
BlackRock’s Fink Sees Inflation Lasting for Years BlackRock Inc . Chief Executive Officer Larry Fink said he expects inflation to remain elevated for several years primarily because of snarled global Continue Reading
French industrial production unexpectedly declined in April, falling for the third consecutive month on continued weakness in manufacturing amid supply disruptions following the war in Ukraine. The factory data for Continue Reading
U.S. job openings fell in April, but remained at significantly high levels, suggesting that wages would continue to rise as companies scramble for workers, and contribute to inflation staying uncomfortably Continue Reading
Fed Beige Book Shows Growth Slowing in Some Areas US economic growth looks to have downshifted in recent weeks in the face of headwinds that include rising interest rates and Continue Reading
The monthly jobs report reveals key indicators about the labor market and the overall state of the economy, but it doesn’t show the entire picture. WSJ explains how to read Continue Reading
JPMorgan Chase & Co. Chief Executive Jamie Dimon said U.S. consumers still have some six to nine months of spending power left in their bank accounts but warned of an Continue Reading
The damage inflicted on Russia by sanctions was on full display in April as the economy swung into a contraction, with industrial production dropping and retail sales suffering their worst Continue Reading
Russia’s failure to pay $1.9 million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars, a panel of investors determined on Wednesday, as the Continue Reading
Rising energy prices and boxing Russian crude oil out of the global market risks a global recession, Bank of America’s head of global commodities and derivatives research Francisco Blanch warned Continue Reading
The federal Russian government will increase minimum wages and pensions from June 1 as it seeks to counter the effects of double-digit inflation closely linked to Western sanctions. Inflation in Continue Reading
Natalia Klyueva started her hunt for a new Moscow job in February — just before Russia’s invasion of Ukraine and the west’s wave of retaliatory sanctions. Three months later, the Continue Reading
Consumer spending off to a solid start early in second quarter Manufacturing gauges soften, while housing market stumbles An employee adjusts diamond jewelry in the window of a store in Continue Reading
Russia is back in default countdown, with another bond payment in question and the Kremlin fighting to find an escape route. As of Friday evening, coupon payments in euros and Continue Reading
Russia is racing to stem a rally in the ruble and is set to accelerate interest-rate cuts as the currency’s advance to a four-year high against the dollar damages government Continue Reading
Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession. Political Continue Reading
When Vladimir Putin announced the invasion of Ukraine, war seemed far away from Russian territory. Yet within days the conflict came home — not with cruise missiles and mortars but Continue Reading
Sovereign-risk premium approaches keenly watched level Stocks trail average price-to-book value of past 17 years The wreckage of a $5 trillion rout in emerging markets is starting to look like Continue Reading
U.S. stocks are in the midst of their longest selloff in decades. Whether they are close to bottoming is anyone’s guess. Market selloffs have long stumped strategists trying to predict when Continue Reading
