Global Economy Could Slow to Half Its 2025 Pace if War Continues, Warns World Bank
Output could grow by just 1.3% under a scenario in which an extended blockage of the Strait of Hormuz helped […]
Finance
Wholesale Prices Continued to Surge in May
The producer-price index rose by 1.1% last month, following an equal increase in April. Analysts polled by The Wall Street
The ECB became the first major central bank to raise rates to tackle a war-driven resurgence in inflation
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central
U.S. Jobless Claims Rose Last Week
The number of people who filed for unemployment benefits rose to 229,000 in the week through June 6, higher than
You may think you understand how big a trillion is. But you don’t.
Can you tell the difference between a million, a billion and a trillion? Source link
Hundreds of Billions in Loans Didn’t Make a Dent in Global Poverty
Microfinance aimed to foster prosperity but stoked hardship for those borrowers who took on debt they couldn’t afford. Source link
DOJ Subpoenas Big Banks for Alleged ‘Debanking’
Plus, Trump says the U.S. will launch new attacks on Iran today, and WSJ’s simulator reveals the perfect World Cup
Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans’ wage gains.
Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans’ wage gains. Source link
Unions are having a moment, but any real resurgence in organized labor could be a long way off
Unions have scored some high-profile victories, but any real resurgence in organized labor could be a long way off. Source
Consumer prices continued to rise quickly in May, as the run-up in energy costs from the war with Iran pushed up overall inflation
Consumer prices rose at their fastest pace in three years, but were in line with expectations. Source link