Signs limit the number of cartons of eggs a customer can purchase at a grocery store in Gloucester, Massachusetts, U.S., March 8, 2025. Brian Snyder | Reuters The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at…
The roller coaster ride that is the stock market lately is unlikely to come to an end anytime soon, with investors desperate for any clarity on the macroeconomic picture that could put a bottom in for equity prices. Wall Street is headed for a big week ahead, with economic data set to be scrutinized by…
ARLINGTON, Va. (7News) — The latest tariff war news could mean consumers digging deep to pay for a bottle of Vino. The Trump administration is locked in a bitter battle with the European Union (EU) – each side slapping import taxes on various products – steel and aluminum from the EU, whiskey and motorcycles from…
Asia-Pacific markets fell on Thursday after a soft inflation report in the U.S. helped two of the three benchmarks on Wall Street reverse course from two days of losses. The consumer price index — a broad-based measure of costs across the U.S. economy — increased 0.2% month-on-month in February, putting the annual inflation rate at 2.8%….
A man looks at an electronic board displaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s…
Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
Right after Donald Trump was elected for the second time, he was the most popular he’d ever been. According to The Economist, “his net favorability was in positive territory for the first time ever.” It was a strange moment: In January 2025, the guy who had been impeached twice, indicted four times, and convicted on…
Stanley Chen Xi, Landscape And Architecture Photographer | Moment | Getty Images Asia-Pacific markets were mixed on Monday after a volatile trading week around the world. U.S. stocks — which are expected to open lower on Monday — have been on a roller-coaster ride since the start of the month given uncertainty surrounding U.S. President…
European markets are heading for a lower open Friday, rounding off a volatile week marked by whipsawing policy on U.S. tariffs, the latest rate cut from the European Central Bank, German fiscal reforms and a regional defense spending boost. According to IG data, the U.K.’s FTSE 100 is set to open 48.9 points lower at…
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images A growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the…