The Latest Breaking News from Economy

Asian shares are trading mostly lower on looming worries over U.S. banks and lagging demand from China, the region’s major driver of growth

But there was 0.1% growth in first quarter overall thanks to a stronger January, ONS says

Firms and gig workers see losses piling up amid internet shutdowns in big cities.

Consumer confidence in April rose for an 11th straight month, reaching the highest level in 38 months, helped by a reduction in Covid-19 infections, the recovery of domestic tourism and lively election campaigns nationwide.

"If the Fed does not cut, then it's going to be tougher sledding for the markets," the finance professor warned.

The Dow Jones fell on cooling inflation and labor market while the yield curve remains inverted. Disney sold off while Big Tech took the lead.

As concern about a weakening economy increase, most S&P 500 ($SPX ) (SPY ) companies are cutting their spending on their stock buyback programs. However, mega-cap technology stocks are bucking that trend and are maintaining most of their buybacks. The strong cash flows of the mega-cap tech companies are allowing...

Economy, housing, refugees, foreign policy. What have Turkey’s alliances promised ahead of the upcoming elections?

The Bank of England has increased its benchmark interest rate to 4.5% – the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008.