(Bloomberg) — Whatever else is on Americans’ minds — and that’s a long list right now — the state of the economy looms large in any US election. That spells big trouble for Democrats in November’s midterm vote. Most Read from Bloomberg A new study by Bloomberg Economics takes one gauge with a knack of […]
Continue Reading
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — Americans today need to realize that efforts to tame runaway inflation, while arguably necessary, have real consequences that can hurt. A lot. There was a time not too long ago when: […]
Continue Reading
The impact of the pandemic on the U.S. and global economy was catastrophic. Economic historian Adam Tooze characterized its impact as being “the swiftest and most comprehensive contraction of global economic activity ever.” There are clearly other factors at work with regard to the economic problems confronting the U.S. and rest of the world, but […]
Continue Reading
WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month. […]
Continue Reading
Editor’s Note: This story was adapted from the July 25 edition of CNN’s Meanwhile in America, the daily email about US politics for global readers. Click here to read past editions and subscribe. CNN — Every week is a tough week for this White House right now. But as he recovers from his Covid-19 infection, […]
Continue Reading
There’s record inflation, made worse by Russia’s war in Ukraine. A weak euro is making it more expensive for businesses to import necessary goods. Italy, the bloc’s third-biggest economy, is embroiled in a political crisis following the ouster of the country’s prime minister. But Brzeski is also keeping a close eye on extreme weather. A […]
Continue ReadingThis article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, July 20, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Corporate America has had some […]
Continue Reading
This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a plunge on stock markets. At the root of this torment is a force so elemental that it has almost ceased to warrant mention — the pandemic. That force is far from […]
Continue Reading
Explained: the Economic Crisis in Sri Lanka Sri Lanka is currently in an economic and political crisis of mass proportions, recently culminating in a default on its debt payments. The country is also nearly at empty on their foreign currency reserves, decreasing the ability to purchase imports and driving up domestic prices for goods. There […]
Continue Reading
There’s an old story about Charles Darwin, which may or may not be true but seems appropriate to our current economic moment. According to the tale, two boys glued together pieces of various insects — a centipede’s body, a butterfly’s wings, a beetle’s head and so on — then, as a gag, presented their creation […]
Continue Reading