A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON โ U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take...
Category: Economy
Soaring debt and deficits causing worry about threats to the economy and markets
A view shows the U.S. Capitol in Washington, U.S., May 9, 2024. Kaylee Greenlee Beal | ReutersGovernment debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington.The federal IOU is now at $34.5 trillion,...
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
Europe's macroeconomic outlook is brighter โ but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday."We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe....
Europe must avoid โdisasterโ of trade decoupling as it eyes China tariffs, EU’s economics chief says
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday."I think that as far as Europe is concerned we need a more mature attitude in our trade, securing our economy ... especially...
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
Getty ImagesAt American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there's a strong interest in microloans as cash-strapped Americans try to scrape by.That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds...