The Latest Breaking News from Economy

The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades

The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades

Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…

Surging inflation and the Fed’s hawkish monetary policy stance could keep the stock market under pressure in the near term. Amid the uncertainties surrounding the economy and the stock market, Stifel analysts are maintaining a negative outlook on the cannabis industry and have cut their price targets for the stocks…

Letters: It is not a ‘cost of living crisis’, but the breakdown of the market economy, writes Dr Lindy Sharpe, while Elspeth Drew fears politicians have no understanding of everyday life

A key focus of the plan is building homes in the east of the borough

The stock market plunged yesterday after a hotter-than-expected inflation data release. Many analysts believe it will be hard for the Fed to tame the surging inflation without pushing the economy into a recession. However, the market downturn presents an opportunity for investors to scoop up quality small-cap stocks Civeo (CVEO),…

Golden jubilee block of Arts and Science College opened

IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross margin contracted 200 bps to 85% as the costs soared 99% Y/Y. The non-GAAP adjusted EBITDA margin contracted 200 bps to 31%. Non-GAAP EPS of $0.05 beat the consensus of…

‘No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession,’ warns former prime minister

The economic news is worse than expected. The economy shrank by 0.1 per cent in March, as hard-stretched consumers began reining in their spending. Ominously, the contraction came before April’s 54 per cent increase in the energy price cap and May’s interest rate rise.