Economy
The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”
Chinese exports and imports both fell in August, reflecting tepid global demand that is adding to pressures on its slowing economy.
American employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
Business Highlights: A summary of the day’s top stories in the business world.
The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn’t mean the pressure is off Russia’s economy.
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
The Brazilian Amazon has long been home to small and mid-sized sustainable businesses that use forest nuts, fruits and other products, and it’s an incubator for new ones.
Business these days in Jackson Hole, Wyoming, is still good — just not as robust as it was after the U.S. economy roared out of the pandemic recession.
President Joe Biden proclaims that his administration is “turning things around” for Americans when it comes to the economy.
Stocks closed broadly lower on Wall Street, capping a day of declines worldwide, after discouraging data on China raised worries about the global economy.
Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy.
The Russian ruble, steadily losing exchange value in a long fall since the beginning of the year, has hit 99 to the dollar.
The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June when many businesses particularly in the leisure sector benefited from the warm and settled weather.
President Joe Biden has signed an executive order to block and regulate high-tech U.S.-based investments going toward China.
China’s exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump.
Business for scammers is booming. The most recent Federal Trade Commission data from 2022 shows that reported consumer losses to fraud totaled $8.8 billion.
Saudi state-run oil giant Aramco has made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year.
Saudi Arabia said it would grant $1.2 billion of financial aid to Yemen’s internationally recognized government in a bid to buoy the country’s struggling economy.
U.S. employers posted fewer jobs in June, a sign that the red-hot demand for workers that has been a key feature of the post-pandemic economy is cooling a bit.
Australia’s central bank has left its benchmark interest rate on hold at 4.1% for a second consecutive month raising expectations that rates might have reached their peak or are close to plateauing in the current cycle.
For more than a year, the U.S. economy has defied predictions of a forthcoming recession. It has withstood 10 interest rate hikes in 16 months from an inflation-fighting Federal Reserve.
Europe’s economy is growing again — but not by much. Growth came in at 0.3% in the April-to-June quarter, following zero expansion in the three months immediately before.
Chinese leader Xi Jinping’s government is promising to drag the economy out of a crisis of confidence aggravated by tensions with Washington, wilting exports, job losses and anxiety among foreign companies about an expanded anti-spying law.
The German economy is still failing to grow. The country that should be the industrial powerhouse for all of Europe is struggling with high energy prices, rising borrowing costs and a lagging rebound from key trading partner China.
Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.
Japan’s central bank retains key interest rate while fine-tuning bond purchases for more flexibility
Japan’s central bank has opted to keep its benchmark interest rate at minus 0.1% but has fine-tuned its bond purchases to allow greater flexibility in its policies.
The European Central Bank has raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation.
Asian shares are mixed after the Bank of Japan adjusted its bond purchase policy but kept its negative benchmark interest rate unchanged.
The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring down inflation.
The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024.
The Federal Reserve’s decision Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy.