The 9.1% increase in U.S. consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines. Meanwhile, annual inflation in Germany and the U.K....
The U.S. economy shrank at an annual rate 0.9% from April through June, the Bureau of Economic Analysis estimated on July 28, 2022. It follows a contraction in gross domestic product of 1.6%...
The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British pound, 16% against the...
On top of rampant inflation, strikes, business gloom and rising interest rates, bad news about our shopping habits was all but inevitable. The volume of goods being sold in the UK...
There wasn’t much dramatic tension as markets waited for the Bank of England’s latest decision on interest rates. The fifth monthly quarter-point hike in a row was largely expected, taking the...
Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there’s concern it...
When an oil company invests in an expensive new drilling project today, it’s taking a gamble. Even if the new well is a success, future government policies designed to slow climate change could...
Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has...
Some cryptocurrencies have always been fairly volatile, with values soaring or plunging within a short space of time. So for the more cautious investor, “stablecoins” were considered the...
We are used to thinking of money as notes and coins, the kind most of us hold in our wallets. But most money – in Australia it’s 96.3% – is digital, held by financial institutions and moved...
The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard. With inflation surging to a new 40-year high and continuing to accelerate, the Fed is expected to...
Chevron Corp's (CVX.N) first-quarter profit nearly quadrupled from the same period a year ago, easily surpassing Wall Street's forecasts as oil and gas prices surged following Russia's invasion of...
The total value of global investments in US Treasury bills and bonds until the end of last February rose by 1.1% to 7.714 trillion dollars, compared to 7.662 trillion dollars in the previous...
President Joe Biden extended tariffs on imported solar panels in February 2022 in a bid to protect domestic manufacturing. These tariffs add a 14%-15% tax on cheaper imports, raising their...
Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc , a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging site....
Crypto exchange Bybit on Monday said it will open its global headquarters in Dubai and crypto platform Crypto.com said it would establish a regional hub there, the latest moves in the UAE's drive to...
Crude oil extended its rally Wednesday, after the US, EU and UK governments signalled plans to ban or phase out oil and gas imports from Russia, following the country’s violent invasion of...
Bill Gates may no longer be running Microsoft, but his actions are still monitored and scrutinised around the world and he has created a buzz because of some of his recent movements in the stock...
The Wall Street Journal revealed Saudi Arabia's rejection of US President Joe Biden's request to pump more oil in order to lower prices. The American newspaper reported that Saudi Energy Minister...
Oil prices continued to rise, today, Friday, and the price of a barrel of "Brent" rose above $ 92 a barrel for the first time since October 2014. US West Texas Intermediate crude futures rose 1.27%...
