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Economy
U.S. political polarization means Fitch debt downgrade is right here to remain, economist says
Fitch Ratings in New York, United States.Cem Ozdel | Anadolu Agency | Getty ImagesGrowing political instability means the U.S. will not regain its AAA rating…
China’s financial mannequin is ‘washed up on the seaside’
The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China.Vcg | Visual China Group | Getty ImagesChina's economic model is…
This is the place the roles are for July 2023 — in a single chart
The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total.The health care and social assistance…
Retail gross sales report July 2023:
Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the month, the Commerce Department…
Russian ruble slumps to close 17-month low, briefly strikes previous 100 towards greenback
This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9,…
Excessive costs are nonetheless an issue
Gas station signboards display prices in Bethesda, Maryland on August 6, 2023.Mandel Ngan | AFP | Getty ImagesThursday's consumer price index report likely will…
Veteran economist Jim O’Neill says rates of interest ought to keep round 5% for longer
Jim O'Neill, former chief economist Goldman Sachs Group, in Italy in 2019.Alessia Pierdomenico | Bloomberg via Getty ImagesVeteran economist Jim O'Neill says…
Wholesale costs rose 0.3% in July, larger than anticipated
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.The producer price index,…
CPI inflation July 2023: Inflation rose 3.2% yearly
The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy.Prices accelerated a…
Bank card balances jumped within the second quarter and are above $1 trillion for the primary time
Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAmericans increasingly turned to their credit cards to make ends meet heading into the summer, sending…