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Russia's economic growth is masking a looming 'economic catastrophe,' researchers say

Russia's private sector is deteriorating while the nation pours money into its military and defense…

Jennifer Sor   


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Stock market today: Dow soars 654 points as traders celebrate inflation data

Stocks snapped a three-day streak of losses after June's inflation data came in line with expectati…

Filip De Mott   


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Stock market today: Stocks climb after inflation drops to 3-year low, solidifying Fed bets

Investors are pricing in with certainty that a rate cut is coming in September, per the CME FedWatc…

Jennifer Sor   


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Nearly all Chinese banks are refusing to process payments from Russia, report says

Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…

Huileng Tan   


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Russia's business elites signal they are tired of propping up the wartime economy

Russia's key interest rate already stands at 16% and analysts polled by Reuters expect the central …

Huileng Tan   


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Russia is doubling pay to recruit more soldiers. But many regions can't afford it.

Vladimir Putin recently ordered the doubling of military-recruitment bonuses. It's put certain regi…

Filip De Mott   


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Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says

Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…

Filip De Mott   


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Russian inflation will soar even higher as sanctions spark another surge in gas prices, British intelligence says

Inflation in Russia is "highly likely" to remain above target through the rest of 2024, the UK Defe…

Jennifer Sor   


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Stock market today: Indexes edge higher, yields fall ahead of the Fed's favorite inflation gauge

US stocks finished Thursday slightly higher, with traders awaiting PCE data on Friday for fresh clu…

Max Adams   


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Russia's oil and gas revenue is reportedly set to boom 50% this month

Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.

Jennifer Sor   


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Russia is looking to rein in the country's property boom as it tries to cool an overheating economy

Russia's government has shelled out about half a trillion rubles since 2020 to fund a program that …

Jennifer Sor   


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Russia's central bank pushes interest rates to 16% to try and cool war-time inflation

The central bank said bringing inflation to its target in 2024 means "tight monetary conditions wil…

Phil Rosen   


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Why loosening sanctions would put more pressure on Russia, according to a think tank

The West could spur inflation and buckle Russia's economy if sanctions were loosened on capital flo…

Filip De Mott   


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Stock market today: Indexes hover at records ahead of big inflation report

The Nasdaq closed at a record, and the S&P 500 hovered just under its own all-time high as investor…

Filip De Mott   


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Stock market today: Stocks edge higher to close at a record after upbeat producer inflation data

Stocks rose but pared gains from earlier in the day. The 10-year Treasury dropped after May PPI boo…

Max Adams,Filip De Mott   


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Stock market today: US stocks close at record highs after encouraging May inflation and Fed commentary

The S&P 500 closed above 5,400 for the first time as traders took in upbeat inflation data and mess…

Jennifer Sor   


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Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and const…

Huileng Tan   


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The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'

Russia's economy is driven by wartime activities, government subsidies that steady the economy, and…

Huileng Tan   


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Vladimir Putin says that inflation in Russia is making it 'practically impossible' for businesses to plan

Inflation in Russia rose to 5.15% in August, well-above the central bank's 4% inflation target.

Jennifer Sor   


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Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say

"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…

Filip De Mott