U.S. and Europe Are on the Same Economic Track After All – WSJ
The U.S. economy grew more rapidly than its eurozone counterpart last year. But the two are converging, and central bank policy is likely to follow.The...
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Why global GDP might be $7trn bigger than everyone thought – The Economist
Many people have experienced the joy of finding some spare change down the back of the sofa. On May 30th the World Bank experienced something...
Why buying now, paying later can still be a debt trap – The Washington Post
Cash-strapped but yearning for a Caribbean getaway? No worries. You can book the flight now and pay for it later. From makeup to major purchases,...
Private equity bosses warn of lower returns – The Financial Times
Private equity executives have warned that their industry faces the prospect of years of lower returns as they seek to sell assets following a frenzy...
ECB Is Set to Begin Cuts But Path Beyond Gets Murkier – Bloomberg
The European Central Bank is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on...
Americans Have More Investment Income Than Ever Before – WSJ
Lynn Hogan and her husband jokingly call themselves “the turtles” after methodically investing for decades. In the current race against inflation, which has made trips...
Will AI Destroy the World? Even Its Creators Are Wondering – Bloomberg
A group of high-level, early employees of OpenAI had glimpsed the fluidity and power of the technology behind ChatGPT and chose to run. They left...
People are exiting the stock market in droves – CNN
The summer months are usually relatively benign for markets as investors opt for sandbars in lieu of bar charts, but that’s not happening this year....
Bank of Canada Cuts Rates to Become First G-7 Central Bank to Ease Policy – WSJ
The Bank of Canada cut its main interest rate by a quarter percentage point, becoming the first Group of Seven central bank to provide rate...
ECB rate cut to breathe fresh life into Eurozone economy – The Financial Times
The Eurozone is set for a much-needed economic boost on Thursday when the European Central Bank is expected to start cutting interest rates for the...