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The Latest Breaking News from James Knightley

Europe is holding its breath to see what a Trump or Harris win might mean for the region

Experts predict that a Trump or Harris presidency could have different outcomes for Europe's economy, competitiveness, and geopolitics.

Stock markets hit record highs after news of a fall in US inflation

Stock markets hit record highs after news of a fall in US inflation

S&P 500 index of major US companies registers near 34% gain on year ago amid expectation of interest rate cuts

The Guardian - UK

Friday's CPI Data Produces Sigh Of Relief For The Fed, S&P 500

Friday's CPI Data Produces Sigh Of Relief For The Fed, S&P 500

CPI revisions on Friday didn't alter the recent sub-2% inflation trend, dealing a setback to Federal Reserve rate-cut expectations.

Investors Business Daily

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American families may soon max out their credit cards, top analyst warns, and be hung out to dry

"The clear threat is that many struggling households may soon find their credit cards are being maxed out and they can’t obtain more credit."

Stock market today: Asia follows Wall Street up on hopes Fed will ease off rate hikes

Asian stock markets are following Wall Street higher ahead of an update on the U.S. jobs market

The Independent UK

Is a US Recession Near? Making the Call Is Trickier Than Ever

Traditional economic indicators can’t predict the timing of a downturn, but newer forecasting methods are untested.

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

The Guardian - UK

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How far will home prices fall? Some say 20% or more is possible

As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20% or more looms in the near future.

Tribune News Service

Odds of US recession within next year near 50%, survey shows

Odds are now close to even that the U.S. economy will slip into a recession within the next year as persistent and rapid inflation emboldens the Federal Reserve to pursue larger interest-rate hikes.

Tribune News Service

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