Bridgewater warns US inflation fight is far from over – The Financial Times
The investment chief at one of the world’s top hedge funds has warned the US battle with inflation is far from over, and bets on...
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Mortgage rates jump higher, closing in on 7% – CNN
US mortgage rates climbed higher this week, inching closer to 7% and reaching their highest level since November. The 30-year fixed-rate mortgage averaged 6.96% in...
Inflation Eased to 3% in June, Slowest Pace in More Than Two Years – WSJ
Inflation cooled last month to its slowest pace in more than two years, giving Americans relief from a painful period of rising prices and boosting...
UK cost of living payments were ineffective sticking plaster, IFS says – The Guardian
Billions of pounds of taxpayer cash spent on one-off cost of living support has proved an expensive and ineffective “sticking plaster” that would have been...
Bank of Canada Lifts Interest Rates, Warns Path to Stable Inflation at Risk – WSJ
The Bank of Canada raised its main interest rate by a quarter-point on Wednesday to a new 22-year high and said the path toward its...
Is big business really getting too big? – The Economist
Governments are at war with big business. In June Joe Biden, America’s president, spoke for many politicians the world over when he blamed it for...
Elon Musk announces a new AI company – CNN
Elon Musk on Wednesday announced the formation of a new company focused on artificial intelligence, after months of teasing plans to build a rival to ChatGPT. The...
Businesses are cutting workers’ hours in a warning sign for the economy – The Washington Post
Businesses are starting to cut workers’ hours, forcing hundreds of thousands of people into part-time roles, in what could be an early warning sign for...
Largest UK Lenders Pass Latest Bank of England Stress Tests – Bloomberg
The Bank of England said the UK’s eight largest lenders all passed its latest stress test, which examined their resilience to an economic shock worse...
End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff – Wolf Street
Financial conditions for junk-rated companies have tightened only a little since the Fed started tightening in early 2022, from the loosey-goosey levels in 2021, and...