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
UK Faces ‘Apocalyptic’ Food Prices Is this what an inflation apocalypse looks like? Digging into Wednesday’s UK inflation data does not paint a very happy picture for the economy and Continue Reading
The global economy is powered primarily by energy and debt, with energy-providing production and debt-providing finance. Today, central banks are aggressively increasing interest rates in order to counter inflation, but Continue Reading
New fault-lines are likely to outlast war and plague — leaving the global economy smaller and prices higher. Falling trade barriers and hyper-efficient logistics produced an age of abundance for Continue Reading
