Hammack Says Fed May Need to Respond if Inflation Persists
Cleveland Fed President Beth Hammack, a voting member this year, said policy may not be restrictive enough to bring inflation […]
Finance
Swiss Watch Exports Tumbled in April as U.S. Tariff Volatility Persists
Total exports in April were around 17% down compared with a year prior due to a pronounced decline in U.S.-bound
Eurozone Inflation Climbs Further, Paving Way for ECB Rate Hike
Inflation rose to 3.2% in May, a fourth-straight increase and the highest level since September 2023. Source link
Berkshire Hathaway’s $6.8 billion deal to acquire a major home builder reflects its conviction that the housing market will shake off its long slump and recover as it always has
Under its new chief executive, Greg Abel, Berkshire raises its bet on a market recovery by adding another housing company
America’s New Financial Middle: Not in Crisis, Not Thriving Either
In a poll, more than half of respondents consider themselves financially “conflicted.” Source link
South Korea Inflation Accelerated to 26-Month High in May
The benchmark consumer-price index rose 3.1% from a year earlier in May, reflecting the effects of higher oil prices amid
U.S. Factory Activity Expands in May
The Institute for Supply Management’s purchasing managers index was 54 last month, its highest reading since May 2022. Readings above
U.S. Construction Spending Picked Up in April
Spending on building projects rose by 0.4% to an annualized pace of $2.172 trillion in April, versus $2.165 trillion in
Eurozone Unemployment Held Steady in April
The eurozone’s unemployment rate remained unchanged in April, demonstrating resilience despite heightened economic uncertainty stemming from the war in Iran.
OECD Says 60% of Chinese Gains in Market Share Driven by Subsidies
Over the past two decades, Chinese businesses have received three to eight times more support than their competitors, according to