How much savings drivers saw in 3 state breaks
President Joe Biden remarks on efforts to lower high gas prices at the Eisenhower Executive Office Building in Washington, D.C. on June 22, 2022.Jim Watson | AFP | Getty ImagesPresident Joe…
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Prices
Volatile week as investors assess recession prospects
LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession.The pan-European Stoxx…
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly
A shopper inside a women's clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022.Kathryn Gamble | Bloomberg | Getty ImagesA widely followed consumer…
Norway announces 50 basis point hike to interest rates, largest for 20 years
Norway's central bank, also known as Norges Bank, in Oslo, Norway.Kristian Helgesen/Bloomberg | Bloomberg | Getty ImagesNorway's central bank announced a 50-basis-point hike to its benchmark…
European stocks open to close as recession fears continue
LONDON — European stocks are expected to open lower Thursday, as global markets see renewed volatility after a brief recovery following last week's tumultuous trading.The U.K.'s FTSE index…
Biden’s ‘mind is open’ on student loan forgiveness, Schumer says
U.S. Senate Majority Leader Chuck Schumer.Leah Millis | ReutersSenate Majority Leader Chuck Schumer, D-N.Y., wearing a mask that read "Cancel student debt," called on the labor movement on…
Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation
Jerome Powell, chairman of the US Federal Reserve, arrives to a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Wednesday, June 22, 2022.Ting Shen…
European markets open to close, earnings, data, central banks
LONDON — European stocks are expected to open in negative territory on Wednesday, giving up gains made in the previous session amid more positive global sentiment.The U.K.'s FTSE index is…
What stagflation is, and how to prepare for it
Runaway inflation has raised fears that the economy is headed towards a return of stagflation but a host of Wall Street banks such as Goldman Sachs and HSBC believe there remains…
Stock futures are flat after markets claw back some losses
U.S. stock index futures were flat overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling.Futures…