US consumer confidence jumps to highest level since July 2021 – CNN
High interest rates aren’t souring Americans’ moods: A key measurement of consumer confidence just shot up to a level not seen since July 2021. The...
Author : Nelli Avetisyan
French Inflation Expectations Drop to Lowest Since 2009 – Bloomberg
French consumers are increasingly confident inflation will ease over the next 12 months and their assessment of past pressure is also softening. The balance of...
Changing supervision for good
On the heels of a taxpayer-financed rescue of the industry following the financial crisis, outrage in the UK at banking sector misconduct led to the...
Why the Fed Isn’t Ready to Declare Victory on Inflation – WSJ
Uncertainty over the path of inflation later this summer makes it hard to predict the Federal Reserve’s next steps following a likely quarter-percentage point increase...
Pound on worst run since March 2020 as weak economy curbs interest rate rises – The Guardian
The pound has suffered its longest stretch of daily falls since the start of the Covid-19 pandemic amid growing speculation in the currency markets that...
US Manufacturing’s Missing Ingredient: Women – Bloomberg
The US is undergoing a manufacturing renaissance as billions of dollars are invested in new factories. In fact, only last week the White House boasted...
Companies See “Sticky” Inflation in July in Services, as they Pass on Surging Input Costs, Including Higher Wages – Wolf Street
The message about “sticky” inflation in services, as seen from the companies’ point of view, was the most interesting element in the S&P Global Flash...
Why Walmart is trouncing Amazon in the grocery wars – The Economist
When Amazon announced the $13.7bn acquisition of Whole Foods Market in 2017, it followed some oddball attempts to strengthen its grocery business, some conceived by...
Elon Musk has officially killed Twitter. The zombie platform lives on as X, a disfigured shell of its former self – CNN
Bye bye, birdie. Twitter, the text-based social media platform that played an outsized role on society by serving as a digital town square, was killed...
Emerging Market Economies Bear the Brunt of a Stronger Dollar
The US dollar’s strengthening last year to a 20-year high had major implications for the global economy. We examine these spillovers from the currency’s appreciation...