Global Housing Shortages Are Crushing Immigration-Fueled Growth – Bloomberg
Across much of the developed world, one of the most dependable drivers of economic growth is faltering. For decades, the rapid inflow of migrants helped...
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OECD Sees Room for Rate Cuts as Inflation Cools, But Warns of Oil-Price Threat – WSJ
The global economy is likely to avoid an anticipated slowdown this year, but could yet suffer a significant setback if an escalation of conflict in...
US Jobs Report to Show Continuing Streak of Big Employment Gains – Bloomberg
Forecasters expect a monthly report on US employment to show strong job growth continued in April, even as wage pressures kept moderating. The figures, to...
The Treasurys Market Is Getting Squeezed From All Sides – WSJ
Inflation and deficits are lifting yields and jarring the stock market. Pressure keeps building in the bond market. Stickier-than-expected inflation this year has boosted yields...
Apple’s revenue falls less than feared despite rocky start to the year – The Financial Times
Apple shares rose on Thursday after it exceeded analysts’ downbeat expectations for quarterly revenue and executives projected a positive outlook for the year despite a...
U.K. Store Footfall Plunges as Wet Weather and Easter Absence Weigh – WSJ
U.K. retail footfall declined sharply in April on unseasonably wet weather and the earlier Easter timing, pointing to continued struggles for the sector, a monthly...
Federal Reserve chair Jay Powell signals interest rates will remain higher for longer – The Financial Times
The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, as it wrestles with persistent inflation across the world’s...
Working from home and the US-Europe divide – The Economist
When it comes to economic growth, America comfortably beats Europe. Many factors have fed America’s outperformance, from tech innovation to vast oil reserves. But there...
US Federal Reserve holds interest rates steady as inflation ticks up- The Guardian
The Federal Reserve announced on Wednesday that it is holding interest rates steady at 5.25% to 5.5%, their highest level in two decades, as inflation...
Elon Musk fires Tesla’s entire supercharger team – The Financial Times
Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker...