Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession
Share prices are mixed after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home
Profits at JPMorgan Chase fell by 28% in the second quarter, as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise
Stocks are slipping in shaky trading on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected
Asian stock markets are higher as investors wait for U.S. inflation data some worry might lead to more interest rate hikes
The European Central Bank says its president, Christine Lagarde, was targeted in an attempted cyberattack but no information was compromised
The European Union is set to remove the final obstacles tp Croatia adopting the euro
A political vacuum continues in Sri Lanka with opposition leaders yet to agree on who should replace its roundly rejected leaders, whose residences are occupied by protesters angry over the country’s deep economic woes
St. Louis Federal Reserve president James Bullard says last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates
Stocks are opening lower on Wall Street as markets turn cautious ahead of earnings reports from big U.S. companies starting this week and more reports that will show how badly inflation is hitting American businesses and households