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....
Category: Economy
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...
Stanley Druckenmiller gives Biden’s economic policies an ‘F,’ blames the Fed for reigniting inflation
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's chances at getting reelected, billionaire investor Stanley Druckenmiller said Tuesday.During an appearance on CNBC's "Squawk Box," the head of Duquesne Family Office who made his name betting against the British pound in the...
Immigrant workers are helping boost the U.S. labor market
The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth.Immigrant workers made up...