Home Prices Suffer First Monthly Decline in Years – WSJ
U.S. home prices slid in July from June, the first monthly decline in years and the latest sign that higher mortgage rates are starting to...
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Financial markets enter a dangerous new phase – The Economist
Around the world, financial markets look increasingly distressed. In Britain government-bond yields have surged (see chart) and sterling has slumped, prompting the Treasury and Bank...
The Dollar Is Strong. That Is Good for the US but Bad for the World – The New York Times
The Federal Reserve’s determination to crush inflation at home by raising interest rates is inflicting profound pain in other countries—pushing up prices, ballooning the size...
Pound comes under new pressure after Bank of England fails to raise rates – The Guardian
Ministers have been struggling to prevent a full-scale loss of financial market confidence in its economic strategy after the Bank of England’s decision to rule...
Households across the rich world have never been so gloomy – The Economist
Last summer people felt good. Unemployment was falling, wages were growing, and everyone could eat indoors and travel again. Little surprise, then, that consumer confidence...
Forget a soft landing. The market’s best hope is a ‘growth’ recession – CNN
Investors are waking up to the harsh reality of just how much pain the economy may have to endure as the Federal Reserve continues its...
Is the warehouse business recession-proof? – The Economist
With a straw hat, shades and a red chequered shirt, Randy Bekendam looks every inch the grizzled farmer—albeit in a Californian countercultural sort of way....
Energy Crunch Will Hurt Like 2009 Crash If Europe Gets It Wrong – Bloomberg
The economic damage from the shutdown of Russian gas flows is piling up fast in Europe and risks eventually eclipsing the impact of the global...
The financial system is still dealing with the fallout from 2008 – The Financial Times
Watching the heads of several major US banks — JPMorgan Chase, Bank of America and Citigroup — being grilled in front of Congress last week,...
Central Banks May Stoke Risks by Raising Interest Rates Together – WSJ
Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they...