Global markets are tanking ahead of a huge week for central banks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON...
Recession will hit in first half 2023, the Dow is headed lower: CFOs
Many economic prognosticators and Wall Street stock pickers have made it clear where they stand on inflation and the Federal Reserve policy response: the economy...
Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’
Treasury Secretary Janet Yellen emphasized that the White House has several strategies ready to go that will reduce an inflation burden she conceded is too...
Over $50 for a burrito? World’s elite splash the cash on snacks at Davos
The burrito in the Steigenberger Grandhotel Belvedere came with a side of salsa and guacamole. CNBC DAVOS, Switzerland — Hungry attendees at this year’s World...
‘Nowhere near the bottom,’ top economist says as global markets crater
The Dow Jones Industrial Average plunged more than 1,000 points on Thursday. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this...
Central bank tries to slow weakening yuan vs US dollar
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic...
From food to inflation, the Russia-Ukraine war has a global impact
People attend ‘Mothers’ March’ as part of the ‘Stand with Ukraine’ international protest, in Krakow, Poland on April 10, 2022. Nurphoto | Nurphoto | Getty...
Treasury Secretary Janet Yellen sees no need for China sanctions over Russia war
Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China because of its ties to Russia. “I...
Russia seems to have averted its historic bond default — for now
Russian President Vladimir Putin speaks during a meeting with representatives of the business community at the Kremlin in Moscow, Russia February 24, 2022. Aleksey Nikolskyi...
US, EU, UK announce sanctions after attack
Russia launched an invasion against neighboring Ukraine on Thursday using land, air and naval forces. In the capital of Kyiv, air raid sirens have sounded...