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  Category: Economy

Economy

Economy

A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist

August 25, 20240

An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty ImagesContrary to what many bel...

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Economy

No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy

August 24, 20240

Riyadh, Saudi Arabia.Xavierarnau | E+ | Getty ImagesSaudi Arabia is moving full steam ahead with its focus on domestic investment — and with that...

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Economy

U.S. job growth revised down by the most since 2009. Why this time is different

August 23, 20240

People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida...

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Economy

Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay

August 21, 20240

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedl...

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Economy

UK economy expands 0.6% in second quarter; June growth stalls

August 19, 20240

A guided tour in the center of in York, UK, on Friday, June 7, 2024.Bloomberg | Bloomberg | Getty ImagesThe U.K. economy grew by 0.6% in the seco...

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Economy

Egg prices are rising once again as bird flu limits supply

August 18, 20240

Luke Sharrett/Bloomberg via Getty ImagesEgg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned n...

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Economy

Consumer spending jumped in July as retail sales were up 1%, much better than expected

August 16, 20240

Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported ...

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Economy

Wednesday’s big CPI inflation report could mark a change in thinking for the Fed

August 14, 20240

Product prices as seen at Walmart. Courtesy: WalmartThe news Tuesday was good for inflation, and investors hope it will get even better Wedn...

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Economy

Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won’t hit locals’ wallets

August 12, 20240

A general view of the Eiffel Tower with the Olympics rings pictured with national flags of competing countries from the Place du Trocadero ahead ...

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Economy

Trump says he should get a say on Federal Reserve interest rate decisions

August 10, 20240

Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in ...

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