Rising Cost of Living Hurts U.S. Consumer Confidence

U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big-ticket items.

UK Set For Slowest Growth In G7 As Ukraine War Hits Global Economy

The war in Ukraine will "severely set back" the global economic recovery with the UK hit harder than most, the International Monetary Fund has...

Gas Prices Are Creeping Higher Again

Prices at the pump have stopped falling from their recent highs — and some forecasters are warning of another uptick as the summer driving...

Bank Of America CEO Says Spending Is Healthy Despite Roaring Inflation

Bank of America CEO Brian Moynihan told CNBC’s Jim Cramer on Tuesday that Americans are spending heartily, even as inflation continues to roil the...

Market Will Break Out Of Slump Due To Peaking Inflation, Evercore ISI Predicts

The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites...

Soaring Petrol Costs Drive UK Inflation To 30-Year High

Prices are rising at their fastest rate for 30 years, driven by a sharp increase in petrol and diesel costs. The UK inflation rate rose...

US ‘Bluntly’ Warns China To Avoid Supporting Russia’s Invasion in Ukraine

Washington , March 15 (ANI): US President Joe Biden's National Security Adviser warned a top Chinese official on Monday (local time) about Beijing's support...

Rising Fuel And Food Costs Push US Inflation To 7.9%

Price increases in the US continued to surge last month, pushing the annual inflation rate up 7.9%. That is the biggest year-on-year leap since 1982...

Global Bonds, Stocks Fall as Inflation Fears Mount

Global bond yields rose and most stocks fell on Monday as surging energy prices cemented worries about inflation and reinforced bets on policy tightening. Consumer...

Inflation Climbs Higher than Expected in June As Price Index Rises 5.4%

Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy.

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