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
