Business Playing Powell-itics as inflation target in perit Beverley Rayner Aug 14, 2022 Federal Reserve officials are not mincing words: The central bank and its chair, Jerome Powell,… Read More...
Business ‘Big Short’ investor Michael Burry warns of consumer debt crisis: ‘Winter… Beverley Rayner Aug 13, 2022 Hedge fund legend Michael Burry warned Friday that rising consumer debt represents a major risk to the US economy.… Read More...
Opinion China’s slowing economy spells trouble for US and the world Mike Schacter Aug 13, 2022 In the run-up to the Chinese Communist Party convention this year, troubles are coming to the Chinese economy not… Read More...
Opinion Democrats keep giving the US economy poisonous ‘medicine’ Mike Schacter Aug 12, 2022 New jobless claims just rose again, to the highest level since last November. If the economy keeps shrinking, as it… Read More...
Family Rich people ‘trading down’ to Applebees, IHOP as inflation surges John Hernandez Aug 10, 2022 Applebee’s and IHOP claim they are are reeling in richer customers who are feeling the pinch of inflation as they… Read More...
Business Fed officials signal sharp rate hikes to continue as inflation surges Beverley Rayner Aug 8, 2022 A pair of top Federal Reserve officials is indicating that additional sharp interest rate hikes are on the way as… Read More...
Business Jobs report has Larry Summers ‘more worried’ about inflation Beverley Rayner Aug 8, 2022 Larry Summers said his concerns about inflation have only grown following Friday’s jobs report showing that US… Read More...
Business Britain really isn’t working – and the collapsing NHS is to blame Beverley Rayner Aug 7, 2022 Stronger bargaining power is leading to faster pay growth, which hit 6.2pc year-on-year in the three months to May when bonuses are… Read More...
Politics Republicans Say Economy Is In Recession After It Added Half A Million Jobs In July Cameren Barnes Aug 6, 2022 WASHINGTON ― For the past month or so, Republicans have insisted that the U.S. economy is in a recession, a period of reduced economic… Read More...
Business CNBC’s Rick Santelli reacts to US jobs report Beverley Rayner Aug 6, 2022 CNBC analyst Rick Santelli was beside himself on Friday as he reacted on the air to the latest federal data showing… Read More...