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Economy
Market is on edge ahead of CPI report that will test peak inflation thesis
-The market is pausing, hesitating, digesting, waiting for the CPI number Wednesday right in the border zone between "just another doomed bear-market rally" and "possibly the start of a real base and lasting advance." -The S & P 500…
FAO food price index fell sharply in July but the respite may not last
Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022.Olga Maltseva | Afp | Getty ImagesFood prices dropped…
Turkey Banks Adopt Russia Payment System Amid Sanctions
Five of Turkey's banks have adopted Russia's Mir payment system, said Turkish President Tayyip Erdogan.
Western officials are concerned that it could be used…
Fading global cooperation will make this crisis worse than the recession of 2008
Fifteen years ago this week the French bank BNP Paribas announced it was closing three of its hedge funds heavily exposed to the US sub-prime mortgage market.On the day little heed was paid to the news, but it quickly became apparent…
Is inflation worse than the recession Fed may cause?
How Fed key interest rate hikes will affect your credit card, mortgageThe Federal Reserve hiked its key interest rate to tame inflation. Here's why there may be more rate hikes coming.Just the FAQs, USA TODAYIs the cure worse than the…
Opinion | Bill Gates: A Clean Energy Future is in the Hands of Congress
Turn on the evening news and it immediately becomes clear that Americans are experiencing the effects of climate change. Extreme heat and drought are affecting tens of millions of people, as floods and wildfires ravage communities from…
Current account deficit will be manageable, says Shaktikanta Das
RBI MPC Monetary Policy Review Announcement Live Updates: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Friday hiked the repo rate by 50 basis points (bps) to 5.40 per cent with immediate effect, RBI Governor…
US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022.Shannon Stapleton | ReutersInitial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a…
Russian pullout must precede any dialogue, says Ukraine
Ukraine dismisses Schroeder comments on 'negotiated solution' to warSchroeder 'voice of Russian royal court', Zelenskiy aide saysGrain-carrying ship from Ukraine en route to LebanonShip cargo a fraction of crop Kyiv must sell to salvage…
Airbnb Swings to Profit as Rentals Remain Strong Despite Inflation Pressure
Airbnb Inc.
ABNB 4.62%
swung to a profit in the second quarter on the back of strong revenue, as people continued to book suburban rentals despite hosts raising prices.But the company…