What happens when there's slow economic growth and high inflation? Economists call that "stagflation," and given the slowing growth in the first quarter of 2024 and the higher inflation in February and March, we may be reliving that ghastly economic phenomenon.
Big tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
The PM says billions of extra spending will put the UK's defence industry on a "war footing".
Defence Secretary Grant Shapps questioned why Sir Keir Starmer would not back the plan despite claiming his 'changed' party would 'never shut its eyes to the threats our country faces'.
Part of the shakeup includes tens of billions for nuclear-powered subs, and halting the pricey procurement of an additional F-35 fighter jet squadron.
Yuan Weakens After 'Unbalanced' Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint China’s economic growth beat expectations in Q1, rising +5.3% YoY - considerably stronger than the +4.8% consensus, and inching ahead of Q4's +5.2% YoY growth. Source: Bloomberg Notably, that this is the first time the market compares two periods of economic growth without China'z Zero-COVID policy's impact, and overall, as we detail below, economic activity data...
European stock markets rebound after the new data on inflation and the words of Lagarde who confirmed her intention to "moderate the restrictive monetary policy". Banks are running in Piazza Affari, luxury is doing well after LVMH accounts