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Economy
US Risks ‘Blowing Up the Debt’ on Lack of Fiscal Discipline, Ken Rogoff Says
Welcome to the Wall Street Week newsletter, giving you some investing food for thought from our conversations on Bloomberg Television with some of the best minds on Global Wall Street. I'm David Westin, and this week we talked with…
Inflation pops, Boeing battered, TikTok in play and Bernie Sanders flips out
Fisher Investments founder and Chairman Ken Fisher discusses the Fed's rate cut plan and addresses the stock market sell-off as inflation persists on 'Cavuto: Coast to Coast.' -Wall Street wraps up a down week, but bitcoin investors…
What the PPI is Telling us: Disinflation in “Core Goods,” a Hefty Counterweight
And that’s very disconcerting.
By Wolf Richter for WOLF STREET.
The Producer Price Index (PPI) for final demand jumped by 6.9% annualized in February from January, on top of the 3.9% jump in the prior month. The three-month rate…
Why is housing market so expensive and what will White House and Biden do about
At different stages of the pandemic, the housing scene morphed from a buyers’ market to a sellers’ market—and sometimes back again—with lightning speed. But as of about a year now, it’s not much of a market at all since the market…
Stock Rally Buoys Canada Household Net Worth, Housing Drags
(Bloomberg) -- A global rally in bonds and equities supported Canadians’ wealth at the end of last year, offsetting continued declines in real estate values.Most Read from BloombergCanadians’ household net worth rose 1.8% to C$16.42…
Sticky inflation muddies water for Fed
A man shops for fruit at a grocery store on February 01, 2023 in New York City.Leonardo Munoz | Corbis News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors…
We will seek exit from easy policy when achievement of 2% inflation is in sight
When achievement of 2% inflation is stably and sustainably in sight, we will seek exit from negative rates, yield curve control and other large scale monetary easing stepsAs for the order of phasing out these various tools, it will…
Russia’s economy ‘in for very tough times’ despite improved outlook: IMF
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesThe head of the International Monetary Fund…
US, China, European Economies Drifting Apart in Global Decoupling: BofA
Angle down icon An icon in the shape of an angle pointing down. Global economies are decoupling, according to Bank of America. Cate Gillon/Getty Images The world's biggest economies are seeing a "decoupling," Bank of…
America’s best (and worst) states for job hunters REVEALED – and why you may be
If you are finding it hard to get a job, it could be down to where you live. Unemployment in the US remains low overall at 3.7 percent, and a blockbuster report earlier this month showed that the economy added 353,000 jobs in January - …