Nobel Prize Goes to Economists Studying Europe’s Colonial Legacy – Bloomberg
The long-lasting impact of Europe’s former empires on growth forms the basis of research by three US-based academics who will share the 2024 Nobel Prize...
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$10mn? $30mn? $100mn? The redefinition of the super-rich – The Financial Times
Talk to 10 different wealth industry professionals about when you become super-rich (an ultra-high-net worth individual, or UHNW, in industry parlance) and you will get...
Businesses Anticipate Slower Price, Wage Growth, Bank of Canada Survey Says – WSJ
Nearly three-quarters of Canadian businesses believe inflation over the next two years will hover between the Bank of Canada’s target range of 1% to 3%, according to...
ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect – Bloomberg
The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all...
U.S. Consumer Confidence Declines Unexpectedly as Election Nears – WSJ
U.S. consumer confidence declined less than a month before the presidential election, an unexpected downturn after two months of gains.The University of Michigan’s index of...
Europe Is Almost Out of Time to Defend Its Place in a Brutal World – Bloomberg
The European project is approaching a tipping point. A combination of political paralysis, external threats and economic malaise is threatening to end the European Union’s...
U.S. Producers’ Selling Prices Held Flat in September – WSJ
Producers’ selling prices stayed flat in September, more evidence of cooling U.S. inflation. The producer-price index was unchanged last month compared with August, versus the...
Boeing to lay off roughly 10% of its workforce – CNN
The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff “over the coming months.” “Our business...
Inflation Continues Its Bumpy Decline With Mixed September Reading – WSJ
U.S. inflation eased to a new three-year low but is cooling more slowly than expected, new data showed. The consumer-price index rose 2.4% from a...
WTO Raises Forecast for Trade Rebound as Interest Rates Fall – WSJ
World trade is set to rebound this year at a slightly faster pace than previously forecast as central banks lower their key interest rates, the...