U.S. Trade Gap Narrowed in May as Imports of Goods Slowed – WSJ
The U.S. trade deficit narrowed for the second consecutive month in May as imports were held down by lower goods spending by American households and...
Category : News En
Cotton’s plunge: Recession warning or just another market mess? – CNN
Cotton: it’s the touch, the feel, the fabric of our lives. It’s also in the middle of what economists are calling a “market bloodbath” and...
Boris Johnson to resign as prime minister as UK government crumbles – The Financial Times
Boris Johnson is due to quit as UK prime minister on Thursday after a dramatic two days in which more than 50 members of his...
Fed Sees ‘More Restrictive’ Rates Possible If Inflation Persists – Bloomberg
Federal Reserve officials solidified their resolve in June to keep raising interest rates for longer to prevent higher inflation from becoming entrenched, even if that...
Bank of England vows to get inflation back to 2% – The Guardian
The Bank of England will “deliver inflation back to its 2% target”, its chief economist has pledged, despite the challenges it faces from rising food...
The US economy has a momentum problem – CNN
If you’re reading this it means you’ve made it through the worst first half of a year for US stocks in more than 50 years....
French finance minister says EU debt rules are ‘obsolete’ – The Financial Times
EU debt rules for member states are “obsolete” and should be rethought to reflect the costs of pandemic, war and rising inflation, France’s finance minister...
How sturdy are Europe’s tech unicorns? – The Economist
“None of my friends stayed in tech.” Fred Plais, the boss of Platform.sh, a cloud-computing company based in Paris, still remembers vividly what happened in...
Manufacturing Still Hung in there in May, New Orders Surged in Part Driven by Raging Inflation. June Less Promising – Wolf Street
Manufacturing in the US, as measured by new orders received, ramped up further in May, with raging inflation being part but not all of the...
Why Consumers’ Inflation Psychology Is Stoking Anxiety at the Fed – WSJ
Federal Reserve officials have indicated they accept the risks of causing a recession because they are determined to prevent something they view as worse: a...