Market fear signals flashing red (Second column, 6th story, link) Related stories:Fed Powell Says Progress in Reducing Inflation StalledIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system
On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, “tempers” worries in the wake of the
Investors may have celebrated the end of high inflation too soon. The CPI report shows inflation bouncing higher and thus pushing back the start date for Fed rate cuts. This
London tin prices soared past the $30,000-mark for the first time in 15 months, continuing the rally seen early this
Prices for luxury homes in the United States have reached a record high, rising nearly nine percent in the first quarter of 2024, twice as much as the prices of non-luxury homes.
For the first time, government military spending increased in all five geographical regions, Sipri thinktank findsGlobal military expenditure has reached a record high of $2440bn (£1970bn) after the largest annual rise in government spending on arms in over a decade, according to a report.The 6.8% increase between 2022 and 2023 was the steepest since 2009, pushing spending to the highest recorded by the Stockholm International Peace Research Institute (Sipri) in its 60-year history. Continue...
Pent-up demand, an aging population and a lack of funding are being blamed for elective surgery wait times blowing out to the longest on record following the release of a damning report. The latest Public Health Report Card, released on Friday by the Australian Medical Association, shows the median wait time for elective surgeries was […]
WASHINGTON >> Federal Reserve Chair Jerome Powell cautioned today that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
Wednesday's inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth accelerated to 3.5% in March, from 3.2% in February. Few categories had as big a jump year on year than auto insurance, which soared 22% from March 2023, the most significant year-on-year jump in that category since 1976. And over the last few years, average auto insurance rates have surged 43%. As of April, the national average cost of car insurance is...
The FTSE 100 set a new record closing price at the beginning of the week, although it fell narrowly short of its all-time intra-day high set last February.
An international research team led by scientists from the CNRS has discovered that the magnetic nanobubbles known as skyrmions can be moved by electrical currents, attaining record speeds up to 900 m/s.
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer