Forget U.S. debt, China’s total borrowing is in ‘a league of its own’—much worse and deteriorating faster, analyst says
As President Donald Trump gets set to meet Chinese counterpart Xi Jinping this week, China’s technological prowess will…
US tariff refunds start rolling out as Oshkosh, Basic Fun report receiving payments
By Timothy Aeppel May 12 (Reuters) – Heavy-truck maker Oshkosh Corp and toy maker Basic Fun on Tuesday…
UK borrowing costs jump as uncertainty over PM's future continues – BBC
UK borrowing costs jump as uncertainty over PM’s future continues BBCWhat the Bond Markets Are Saying About Britain’s Politics…
Traders believe inflation could near 5% this year
A customer shops for produce at an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon…
Fed’s Goolsbee says latest inflation read was disappointing
By Ann Saphir May 12 (Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Tuesday that the…
UK long-term borrowing costs dip from 28-year high after Starmer allies back PM – as it happened | Business
Spike in bond yields ‘could be worse than the Truss crisis in 2022’ After a rocky session, UK…
The gap between America’s wealthiest and everyday citizens is the biggest it has been in generations
Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The…
Credit card debt stands at $1.25 trillion
Credit card balances fell in the first quarter of 2026, decreasing by $25 billion, to $1.25 trillion, according to…
Kremlin plays down Russian economic forecast downgrades
By Dmitry Antonov and Darya Korsunskaya MOSCOW, May 12 (Reuters) – The Kremlin played down a government economic…
Merz booed as he advocates economic reform
The chancellor took his reform message directly into the lion’s den — the conference of the German Trade…
Trump Blow as Rocketing Inflation Wipes Out U.S. Wage Gains – The Daily Beast
Trump Blow as Rocketing Inflation Wipes Out U.S. Wage Gains The Daily BeastAmericans are spending down their savings Axios‘Americans are…
CPI inflation April 2026: Prices rose 3.8% annually
Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in…