At a meeting outside Paris last week, top officials from France, Germany and Italy pledged to pursue coordinated economic policies to counter increased efforts by Washington and Beijing to protect their own domestic companies. The three European countries have joined the parade of other countries enthusiastically embracing industrial policy – the collective term for a…
Crowds of people walk under neon signs on Nanjing Road. The street is the city’s main shopping district and one of the busiest shopping districts in the world. Nikada | E+ | Getty Images The International Monetary Fund slightly raised its global growth forecast on Tuesday, saying the economy had proven “surprisingly resilient” despite inflationary…
Federal Reserve Bank Chairman Jerome Powell speaks during a press conference at the bank’s William McChesney Martin Building on March 20, 2024 in Washington, DC. Chip Somodevilla | Getty Images The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve doesn’t take action on interest rates soon, State Street’s head…
Rising inflation in March didn’t deter consumers, who shopped faster than expected, the Commerce Department reported Monday. Retail sales rose 0.7% for the month, significantly faster than the Dow Jones consensus forecast of a 0.3% rise but below the upwardly revised 0.9% in February, according to Census Bureau data, which is seasonally adjusted. but are…
About 64 percent of Pennsylvanians who responded to a Quinnipiac poll in early January described their financial situation as excellent or good; 24 percent described it as “not so good” and only 9 percent described it as bad. But in the same survey, only 33 percent of Pennsylvania residents described the “state of the country’s…
A sign advertising rental units is displayed outside a building in Manhattan on April 11, 2024 in New York City. Spencer Platt | Getty Images Early data points to inflation trends in the first three months of 2024, and the news so far is, well, not good. Choose your poison. Regardless of whether it is…
The path to a “soft landing” no longer seems to be as smooth as it was four months ago. But the expectations of a year ago have been exceeded. April 13, 2024 The economic news of the past two weeks has been enough to confuse even seasoned observers. The unemployment rate fell. Inflation rose. The…
Jamie Dimon, CEO and Chairman of JPMorgan Chase, gestures as he speaks during the U.S. Senate Committee on Banking, Housing and Urban Affairs’ hearing on oversight of Wall Street firms on Capitol Hill in Washington, U.S., December 6, 2023 . Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon warned Friday that several challenges, particularly…
DUBAI, UNITED ARAB EMIRATES – DECEMBER 04: Blackrock CEO Larry Fink speaks at a panel titled “Financing the New Climate Economy,” where he described the urgent need for a “new financial landscape” to finance investments in the climate economy global energy transition on the fifth day of the UNFCCC COP28 climate change conference at Expo…
Beyoncé leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on February 13, 2024. James Devaney | GC Images | Getty Images Western boots have a new protector in Beyoncé. According to consumer behavior firm Circana, sales of the country fashion classic rose more than 20% in the week…
