UK consumers cut spending for first time since late 2024, Barclays card data shows
May 12 (Reuters) – British consumers, shaken by the widening economic fallout from the Iran war, cut their…
US releases another wave of emergency oil as gas prices bite
The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US…
China tightens its grip on global shipbuilding, grabbing 85% of new orders
China’s shipyards have mounted an astonishing comeback after facing down US efforts to curb their dominance last year,…
How Much Has Shale Gas Saved U.S. Consumers? – Energy Institute Blog
About $200 billion annually since 2007, according to a new Energy Institute working paper. The war in Iran…
Businesses are facing rising costs during the Iran war, and economists expect more strains ahead
NEW YORK (AP) — Costs are piling up for businesses during the U.S. and Israel’s war against Iran…
Economists Expect Another Hot Inflation Reading in the April CPI Report
Key Takeaways:The April CPI report is expected to show continued high inflation due to the spike in energy…
JPMorgan Warns of ‘Silent Risk to Wealth’ From New Era of Inflation
A roller coaster ride of high inflation might be the new normal, JPMorgan says, and it could end…
Mortgage Rates Rising to Start New Week
Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5…
The Portuguese market has slowed down, but the problem remains unresolved
At first glance, it may seem like a sign of reversal or deeper cooling, but in reality, we…
Inflation reading Tuesday expected to show prices at nearly a three-year high
An inflation reading due Tuesday is expected to show price gains at their highest level in nearly three…
Forget U.S. debt, China’s total borrowing is in ‘a league of its own’—much worse and growing faster
As President Donald Trump gets set to meet Chinese counterpart Xi Jinping this week, China’s technological prowess will…
Weaker Start After Peace Deal Stalls
Bonds are starting the day moderately weaker. The reasons are straightforward. Chief among them, Trump rejected Iran’s counterproposal…