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BUSINESS

Wall St falls as labor market resilience spurs rate hike worries

Tight labor market data cause US stock indexes to fall as many are worried about rising interest rates.

NYSE traders

ECONOMY

US economic prospects becoming more pessimistic, Fed says

The United State’s economic prospects are becoming “more pessimistic,” according to a new report by the US central bank.

RE

ECONOMY

Fed report shows weak growth outlook for US

The outlook for economic growth remains generally weak for the next year in the United States, Fed report shows.

US

BUSINESS

Wall Street hits fresh one-month lows on rate hike worries

US stocks fall again amid fears that the country’s central bank would further raise interest rates.

wall street sign

EU

Gas prices set new record in Europe amid fears of Russian supply cuts

European countries are grappling with an economic crisis under the shadow of a looming recession.

Nord Stream 1

IN-DEPTH

Record US inflation

Inflation has been on the rise in the United States, hitting a four decade high of more than nine percent, leaving many Americans with no choice but to dig deeper into their finances just to pay for gasoline, food, healthcare and rent.

US-ECONOMY-RECESSION-POLITICS

ECONOMY

Forbes warns of 'disaster', says Biden policy to ‘make people poor’

Forbes Media CEO Steve Forbes has warned that President Joe Biden’s policy to raise the interest rates in order to solve the inflation problem will “make people poor”.

Steve Forbes