The Latest Breaking News from Economy

Liz Truss - who lasted just 49 days as PM after she tanked the economy - has nominated at least four new lifelong members of the House of Lords.

The billionaire investor says interest rate hikes are undermining the economy and could lead to more bank turmoil.

Chartered Accountants Ulster Society's survey blamed political instability and inflationary pressures but said opportunities from Windsor Framework exist if Executive gets back to work

The worst banking crisis since 2008 could not stop the Fed from raising the benchmark interest rate. The possibility of further policy tightening and strict lending standards for banks might push the economy into a recession this year. Therefore, investing in large-cap pharma stocks Johnson & Johnson (JNJ), Merck &…

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.

With the persistent rise in lifestyle diseases, the pharmaceutical industry is well poised for strong growth in the long term. Also, with the Fed likely to keep increasing the interest rates, the economy is likely to enter a recession, making pharma stocks attractive investment options. Therefore, investors could look to…

Valentine’s Day bargain hunters help power stronger-than-expected sales rise

European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia's war in Ukraine. The deliberations by EU government heads in Brussels follow US regulators shutting down two US…

European Union leaders are gauging the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy