What happens when the US hits the debt ceiling? – The Financial Times
The US Treasury will take “extraordinary measures” to meet its debt obligations as the US government is expected to hit its $31.4tn borrowing limit on...
Author : Nelli Avetisyan
UK inflation: how everyday items and services shot up in price – The Guardian
Price rises of many goods outstripped December’s 10.5% inflation rate with bread up 20.5%, electricity 65.4% and hotels 18.1%. The UK’s inflation rate fell for...
U.S. Retail Sales Fell 1.1% in December – WSJ
Retail spending fell in December at the sharpest pace of 2022, marking a dismal end to the holiday shopping season as rising interest rates, still-high...
Microsoft to cut 10,000 jobs as spending slows – BBC News
Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect up to 5% of its...
A Better Year for Stock Markets?
Given all the economic disappointments in 2022, the outlook for the new year is quite downbeat, with recession fears dominating much of the conversation. But...
UK inflation dips slightly to 10.5% but people continue to feel pinch – The Guardian
UK inflation fell back slightly in December to 10.5% but remains at one of the highest levels in 40 years as the cost of living...
Davos Latest: IMF’s Gopinath Says Headline Inflation Has Peaked – Bloomberg
Gita Gopinath, the International Monetary Fund’s No. 2 official, said the global economy has shown “signs of resilience,” and European Central Bank Governing Council member...
Investment banks are struggling in a high-interest-rate world – The Economist
Shareholders like profits: a steady stream of income they can count on, quarter after quarter. The earnings America’s biggest banks make, however, are often pushed...
At Davos, Mood Is Somber as Many CEOs Question Economic Outlook – WSJ
The end of the free-money era has put a chill in the Swiss mountain air. Business leaders and economists gathered here for the World Economic...
How the young spend their money – The Economist
Young people have always perplexed their elders. Today’s youngsters are no different; indeed, they are baffling. They have thin wallets and expensive tastes. They prize...