US Economy Shrinks for Second Straight Quarter The drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Continue Reading
The US Senate passed the CHIPS bill with a 64-33 vote July 27, representing a significant step forward for the legislation that includes $52 billion in funding to boost domestic Continue Reading
The world could soon be on the brink of a global recession as the economies of the United States, China and Europe slow more sharply than anticipated amid a collision Continue Reading
The US economy may have eked out modest growth in the second quarter to skirt a so-called technical recession, yet at a pace tepid enough to feed concerns of an Continue Reading
Eurozone business activity has gone into reverse for the first time since February 2021 after companies were hit by falling orders and rising prices, fuelling economists’ expectations of a recession Continue Reading
European Union leaders are bracing for the shock of Russia turning off the gas taps and Brussels has given member states a 15% voluntary demand reduction target to prepare for Continue Reading
As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread Continue Reading
Gazprom Declares Force Majeure on European Gas Buyers A halt of Russian gas supplies to the European Union could potentially reduce its gross domestic product by as much as 1.5% Continue Reading
U.S. stocks rebounded Friday, capping a volatile week during which investors responded to a flurry of corporate-earnings reports and economic indicators. The news offered at-times conflicting narratives on the nation’s Continue Reading
The euro has been on a steady decline this year. The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war Continue Reading
