Financial Services

Retail sales up 1% in June, easing fears of a recession
Jul 15, 2022

Retail sales up 1% in June, easing fears of a recession

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


Asian shares mixed after China says growth weakened in 2Q
Jul 15, 2022

Asian shares mixed after China says growth weakened in 2Q

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


JPMorgan profit takes a hit in second quarter, shares drop
Jul 14, 2022

JPMorgan profit takes a hit in second quarter, shares drop

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 slide as Wall Street braces for big hike in rates
Jul 13, 2022

Stocks slide as Wall Street braces for big hike in rates

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 markets rise ahead of US inflation data
Jul 13, 2022

Asian markets rise ahead of US inflation data

Asian stock markets are higher as investors wait for U.S. inflation data some worry might lead to more interest rate hikes


European Central Bank head targeted in cyberattack attempt
Jul 12, 2022

European Central Bank head targeted in cyberattack attempt

The European Central Bank says its president, Christine Lagarde, was targeted in an attempted cyberattack but no information was compromised


Croatia poised to clear final hurdle to adopting the euro
Jul 12, 2022

Croatia poised to clear final hurdle to adopting the euro

The European Union is set to remove the final obstacles tp Croatia adopting the euro


Sri Lanka's political chaos persists as crisis talks go on
Jul 12, 2022

Sri Lanka's political chaos persists as crisis talks go on

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


Fed's Bullard: Solid US economy can handle rising rates
Jul 11, 2022

Fed's Bullard: Solid US economy can handle rising rates

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 open lower on Wall Street, led by drops in technology
Jul 11, 2022

Stocks open lower on Wall Street, led by drops in technology

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



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.