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How U.S. Drug Companies Could Tip Europe Into Recession
Swings in Ireland’s pharmaceutical industry, often rooted in tax moves by U.S.-based firms, have outsize impact on European output. Source link
Why Businesses Can’t Stop Asking for Tips
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Russia Boosts Rates as Ukraine War Costs Mount
The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source link
Americans Feel Better About the Economy. Should We Believe Them?
Two key measures of consumer confidence offer a complicated view of economic sentiment. Source link
Home Sales Fall Amid High Mortgage Rates, Low Supply
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to a seasonally adjusted annual rate
Stubborn Inflation Means More Pain for the U.K.
Consumer prices in the U.K. continue to rise at a faster rate than in most other rich countries, threatening fresh hardship for millions of voters
Homeowners Don't Want to Sell, So Home Builders Are Booming
High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was
Shoppers Likely Spent More Last Month as Inflation Eased
Economists expect June retail sales growth to be the strongest since January. Source link
Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal
Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. Source link
Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’
July 17, 2023 12:00 am ET Listen to article (2 minutes) Europeans are facing a new economic reality, one they haven’t experienced in decades. They