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Economy
Consumer price report has traders bracing for inflation data
Morgan Stanley Private Wealth Management senior VP Katerina Simonetti and Peapack Private Wealth Management's David Dietze share their insight on best investment practices. U.S. equity futures were trading higher early Wednesday,…
Britain needs a ‘booster for growth’ as tax hikes threaten investment
The Confederation of British Industry said in its latest forecast that a "short-lived recovery" in capital spending would end in 2023 because of tax hikes on companies.Investment in the United Kingdom has lagged that of other advanced…
China warns west against rapid interest rate rise
China has warned the US and Europe against a rapid rise in interest rates that would “slam on the brakes” of the global recovery from the pandemic.Central banks should maintain the monetary stimulus or risk “serious economic…
Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer
A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a…
Fed Interest-Rate Decision Tees Up March Increase
The Federal Reserve signaled it would begin steadily raising interest rates in mid-March, its latest move toward removing stimulus to bring down inflation.Fed Chairman
Jerome Powell
said Wednesday that the…
China slowdown highlights potential pitfalls of property reforms
In Yanjiao, a town about 40km east of downtown Beijing, David Wu has found a novel way to deal with the Rmb13,000 ($2,048)-a-month mortgage he can no longer afford.Instead of listing his three-bedroom apartment for rent or sale,…
Now Is No Time to Raise Interest Rates
With year-to-year inflation now at 40-year highs, part of the debate is settled: Inflation is higher and longer-lasting than the Federal Reserve or the Biden administration expected. That they and so many other economists failed to…
As Russian Troops Mass in Belarus, a Ukraine Border Is Largely Undefended
NOVI YARYLOVYCHI BORDER CROSSING, Ukraine — On the other side of this border in northern Ukraine, not visible through the thick pine and birch forests that crowd the E-95 highway but noticeable to passing truckers, a force is gathering…
Jobless Claims Fall to a 52-Year Low. Here Is Why.
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A Now Hiring sign hangs in front of a Winn-Dixie grocery store on…
Live news: Hewlett-Packard ‘substantially’ succeeds in UK High Court case against Mike
France’s economy ended 2021 on a high, outstripping expectations with growth of 0.7 per cent in the final three months of the year and helping the country to achieve its fastest expansion for 52 years.The national statistics office said…