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1 min read

Russia's central bank hikes interest rate to 21% to fight stubborn inflation

Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target.

Nathan Rennolds   


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2 mins read

A big rate cut this month would create a 'self-fulfilling prophecy' of recession fears, economist says

If the Federal Reserve cuts interest rates by 50 basis points, it could spark unwarranted recession…

Kelly Cloonan   


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3 mins read

Putin said Russia wouldn't have to choose between guns or butter. The price of butter is soaring.

In February 2023, Putin publicly rejected the idea that Russia was focusing on "guns instead of but…

Matthew Loh   


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2 mins read

The US consumer is strong and fears of a recession are 'overblown' based on the latest earnings results, Goldman Sachs says

Accounting for the recent flurry of upbeat data points, Goldman's Jan Hatzius reduced the probabili…

Matthew Fox   


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4 mins read

With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?

Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…

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3 mins read

How national security panics in Russia could stifle innovation and hurt its economy

Russia has arrested more people for treason in the past year than the past 20 years combined, one e…

Jennifer Sor   


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1 min read

Don't get spooked by recession fears. The US is well on its way to a soft landing, Goldman Sachs says

Analysts from Goldman Sachs say the US is on its way to a soft landing, with recent volatility fue…

Kelly Cloonan   


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7 mins read

Millennials are hoarding cash. That could hurt them in the long run.

Millennials are holding onto a lot of cash instead of investing that money in the stock market. Tha…

Callie Cox   


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2 mins read

Elon Musk says people should worry less about the cost of having children, and 'start immediately'

Elon Musk has 11 known children, and has long publicly expressed concerns about global populations …

Theron Mohamed   


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8 mins read

America is entering a new 'economic supercycle'

The US economy is entering a bold new era that economists say will feature more inflation, more gro…

Linette Lopez   


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3 mins read

RBIs MPC meet concludes today: Repo rate left unchanged at 6.5%

Treading along expected lines, RBI rate-setting panel left the repo rate unchanged at 6.5% for the …

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2 mins read

The Fed is done cutting rates this year as the 'phantom recession' is finally dead, market vet says

The US recession many forecasters have been calling for isn't going to materialize anytime soon, ac…

Jennifer Sor   


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2 mins read

A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

Economists are less concerned about an imminent downturn after far more jobs were added in Septembe…

Theron Mohamed   


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3 mins read

Wider Middle East conflict threatens the global economy — when the US and China already face headwinds, experts say

The escalating unrest in the Middle East is a global threat, on top of a US hurricane and a raft of…

Theron Mohamed   


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2 mins read

The economy is in an industrial recession and higher oil prices could spark a full downturn, Wall Street economist says

Manufacturing activity in September contracted for the sixth consecutive month, per the latest ISM …

Jennifer Sor   


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3 mins read

War with Ukraine is the only thing preventing Russia from entering an immediate recession, economists say

Russia's war efforts are masking issues with inflation, currency, and oil revenue, economists told …

Jennifer Sor   


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2 mins read

Russia's economy is signaling a fate worse than recession

Russia's central bank said inflation is rising as the nation's economy slows. Those are key ingredi…

Filip De Mott   


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3 mins read

Stock market today: US stocks close at all-time highs ahead of key inflation update

The Dow and the S&P 500 closed at a record high. Markets are waiting for September inflation data, …

Jennifer Sor   


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2 mins read

Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.

More credit card debt and car loans transitioned into late payment status last quarter, per the New…

Jennifer Sor   


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1 min read

Most retirees say inflation has them worried they'll outlive their savings, Schroders survey shows

Inflation is a top concern for retirees, with 89% surveyed saying it will erode their assets, and 6…

Yuheng Zhan