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U.K. Inflation Slows, but Still a Worry
Business

U.K. Inflation Slows, but Still a Worry

The annual rate of inflation slowed but it may not be falling fast enough to convince the Bank of England to pause interest rate increases.

Retail Sales Rose in July for Fourth Straight Month
Business

Retail Sales Rose in July for Fourth Straight Month

Retail sales—a measure of spending at stores, online and in restaurants—rose a seasonally adjusted 0.7% last month from the month before, the Commerce Department said

Russia Launches Emergency Rate Rise to Stem Economic Turmoil
Business

Russia Launches Emergency Rate Rise to Stem Economic Turmoil

The central bank raised rates by 3.5 percentage points to stem a sharp selloff in the ruble, a response to the mounting financial costs of

China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
Business

China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn

Updated Aug. 15, 2023 12:53 am ET Listen to article (1 minute) SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after

Japan's Economy Grows at 6% Pace in Second Quarter
Business

Japan's Economy Grows at 6% Pace in Second Quarter

Exports rise and surge in foreign visitors helps lift spending. Source link

What Wall Street’s Top Recession Gauge Is Saying Now
Business

What Wall Street’s Top Recession Gauge Is Saying Now

Listen to article (1 minute) Wall Street is growing confident the U.S. can avoid a recession. But one key market indicator is still sending seemingly

CFOs Are More Optimistic on Side-Stepping a Recession
Business

CFOs Are More Optimistic on Side-Stepping a Recession

Costs remain a concern, but a strong labor market and moderating inflation have assuaged finance chiefs’ worst economic fears. Source link

Inflation, and Housing Costs, Are Set to Turn a Corner
Business

Inflation, and Housing Costs, Are Set to Turn a Corner

Cooling house prices and rents could tamp down inflation in coming months, nudging the Federal Reserve to pause or even reverse rate increases. Source link