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
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
The world economy is increasingly succumbing to the threat of stagflation reminiscent of its 1970s ordeal, a mounting headache for global finance chiefs already navigating the fallout from the war Continue Reading
Wall Street recoiled Wednesday as Target and other national retailers got swept into a staggering sell-off — slashing more than 1,100 points off the Dow — as rising costs eat Continue Reading
Russia’s invasion of Ukraine has sparked an economic crisis throughout Europe. Supply chain concerns and a surge in energy prices have led to rampant inflation across the continent. Despite historic Continue Reading
The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility — and there’s little respite on the horizon. Continue Reading
A number of factors are continuing to depress the already-battered automotive industry. According to Intel CEO, Pat Gelsinger, the ongoing semiconductor chip shortage will likely persist until at least 2024. Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . The euro is on the verge of U.S. dollar parity for the Continue Reading
Global stocks sank for a sixth consecutive week as the threat of a US recession added to the fears of investors who were grappling with rampant inflation, coronavirus lockdowns in Continue Reading
U.S. stocks ended a whipsaw session lower on Thursday, as investors fretted inflation could remain elevated for longer than expected, which could prompt the Federal Reserve to hike interest rates Continue Reading
If Xi Jinping was hoping for an uneventful and stable 2022 before his planned “re-election” this fall, he must be disappointed. In January I wrote that “China’s economic future isn’t Continue Reading
Analysts cut share-price targets at fastest pace in two years It’s latest evidence of souring sentiment on the equity market To see how much pressure the five-month equity selloff is Continue Reading
Four Russian regional governors resigned on Tuesday as the country braces for the impact of economic sanctions. The heads of the Tomsk, Saratov, Kirov and Mari El regions announced their Continue Reading
Currency traders are preparing to jettison Russia’s local exchange rate for the ruble on some transactions, a sign of the growing split between the country’s domestic currency market and its Continue Reading
Global stocks on Monday suffered their worst one-day decline since the early months of the coronavirus pandemic in 2020, as investors fret about signs of slowdowns in the world’s large Continue Reading
Employers are trying to hire from an unusually tight pool of workers available. Former Treasury Secretary Lawrence Summers discusses the Federal Reserve’s policy meeting and the outlook for U.S. growth Continue Reading
US stocks have suffered the worst streak of weekly losses in more than a decade after days of tumultuous trading surrounding the Federal Reserve’s decision to raise interest rates by Continue Reading
Russia narrowly avoided a debt default last week, but markets are still priced like it’s on the brink. Bonds are stuck at distressed levels and five-year credit default swaps put Continue Reading
Output per hour slumped an annualized 7.5% in first quarter U.S. Productivity Drops as Labor Costs Jump U.S. productivity dropped in the first quarter by the most since 1947 as Continue Reading
For the past year, America’s job market has run like a well-engineered machine, adding an impressive average of 540,000 workers a month despite a punishing inflation rate, Russia’s ruinous war Continue Reading
A record 4-5mn US workers quit the labour force in March, while the number of job openings hit a new high of 11.5mn, underscoring employers’ struggles to fill positions as Continue Reading
Goldman Sachs Group Inc (GS.N) reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a Continue Reading
A barrage of divisive economic signals, combined with plummeting technology stocks, led financial markets to close April at lows last seen when the pandemic began in March 2020. Uncertainty about Continue Reading
Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing Continue Reading
Amazon.com Inc. AMZN 4.65%▲ posted its first quarterly loss in seven years, a result that reflected broad economic trends related to a slump in online shopping, higher costs from inflation Continue Reading
Intel said Thursday that first-quarter sales fell almost 7% to $18.35 billion, missing Wall Street expectations. Intel generated net income of $8.1 billion. Consumer demand for lower-end PCs was particularly Continue Reading
Apple executives warned that the group could sustain a hit of up to $8bn in the current quarter from headwinds including supply chain shortages and factory shutdowns in China, underscoring Continue Reading
The eurozone’s economy continued to grow at a modest pace in the first three months of the year, but faces the threat of a slide into recession as Russia’s war Continue Reading
Government data on Thursday is expected to provide evidence that the economic recovery remained on track in the first three months of the year — but you may have to Continue Reading
A closed McDonald’s restaurant at a shopping mall in Moscow, Russia. Source: AFP/Getty Images Bloomberg News Sign up here to get the latest updates on the Russian invasion of Ukraine. Continue Reading
China’s zero-Covid policy has put the country’s stocks on track for their steepest monthly loss in six years, as investors and analysts warn of deeper falls to come on concerns Continue Reading
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, Continue Reading
