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Economy
U.S. Job Growth Remains Solid in June: Live Updates
The economy added 372,000 jobs in June, a hotter-than-expected boost to the labor market that may ease worries of an impending…
World Bank warns global economy may suffer 1970s-style stagflation
Placeholder while article actions loadThe global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the…
Federal documents hint at sweeping economic impact from central bank ‘digital loonie’
OTTAWA -
Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency.
The Bank of…
UK construction sector gathers speed as shortages ease; German factory orders tumble –
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
The UK’s economic outlook looks less bright this morning, as shortages, rising costs, and the possibility of…
Homebuyers feeling inflation squeeze as US ‘headed for recession,’ Redfin CEO warns
Redfin CEO Glenn Kelman argues despite the U.S. economy faces soaring inflation, there ‘won’t be a crash’ in the housing market. While the housing market continues to get battered by rising interest rates and sky-high prices,…
Natural Gas Price Forecast – Natural Gas Markets Continue to Test Top of Range
Natural gas markets have rallied quite a bit during the trading session on Monday as we continue to see a lot of noisy behavior. That being said, the 200 day EMA is currently sitting that the $4.13 level, so therefore one has to look at…
Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides
Much of the U.S. market focus has been on the Federal Reserve's more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and…
Brexit and Covid hit demand for exports from UK factories
Britain’s manufacturers have suffered a drop in export demand amid pressure from Covid and Brexit, according to fresh data that shows supply chain disruption and staff shortages held back the economy in December.The latest snapshot from…
A house price correction is on the cards if interest rates keep rising
More importantly, the international evidence suggests that we should be wary of UK-specific explanations. The fact is that there has been a boom in house prices across almost all advanced countries.
Indeed, the rate of increase in the…
Strikes, inflation, slump… back to the 70s? More like the unwinding of Thatcherism |
This is not the 1970s all over again, notwithstanding the apparent similarities – oil shocks, recession, seasons of discontent, inflation. What we are living through is something more profound. It is the painful unwinding of the…