ECONOMY & MARKETS

It is the 11th consecutive month witnessing a slowdown in inflation and is seen as a welcome respite from the gut-wrenching high inflation suffered by Americans over the past two years.

With its innovative solutions and omnipresent adoption of digital payments, India is dominating the market landscape and is on its way to becoming a cashless economy.

That's a new dilemma the nation's bank is facing as the U.S. economy has moved closer to its dual pursuit of maximum employment and steady prices.

Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the economy.

Nigerians are struggling with surging fuel prices after newly elected President Bola Tinubu declared an end to popular subsidies, a move analysts and experts said was long overdue.On his first day in office, Tinubu kept to his campaign promise and announced an end to the long-running arrangement, which has given Nigerians access to cheap petrol.

The U.S. Congress averted a catastrophic debt default by the country, with the Senate passing the bill late Thursday evening and sending it to President Joe Biden's desk.

The bill to suspend the deb ceiling passed the U.S. House of Representatives on Wednesday with bipartisan support.

The average Chinese citizen is much better off today than four decades ago when the country's economy was mired in stagnation.

Kiyosaki said gold, silver and Bitcoin are the best hedge against the incoming crash.

Greek equities got a boost from the continued decline in the country's sovereign debt yields, which have dipped below 4% in recent weeks.

S&P 500 companies with more than 50% overseas sales reportedly underperformed those with less than 50% sales presence.

The U.S. economy continues to churn out more jobs at a healthy rate, according to the U.S. Bureau of Labor Statistics.

On Wednesday afternoon, the nation's central bank announced another rise in the Federal Funds Rate by 25 basis points and pledged more hikes if needed to achieve price stability, meaning bringing inflation to the official target of 2%.

The Fed's decision Wednesday is the 10th rate hike in a span of 14 months.

Compounding the Fed's dilemma is a wave of regional bank failures, which raises the prospect of a credit crunch that could further limit liquidity and push a weakening economy into a recession.

China's manufacturing activity contracted in April, official figures showed Sunday, due to tapering global demand and slow domestic recovery after Covid-related curbs were lifted.

There is little doubt the central bank will hike borrowing costs for the seventh consecutive time as consumer price increases are still way above its two-percent target.

Nasdaq futures rose on Wednesday buoyed by upbeat earnings from technology major Microsoft, though S&P 500 and Dow contracts came under pressure from worries about the impact of rising interest rates on the U.S.

Zimbabwe is just one of the many countries whose central bank is planning to launch its own digital currencies.

"The implications for earnings are not great news: the Financials sector is still expected to drive earnings growth in 2023," Amanda Agati, chief investment officer at PNC Asset Management Group, said.

Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the U.S.

U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, according to a Federal Reserve report published on Wednesday.

Opendoor Technologies Inc on Tuesday said it was cutting roughly 560 jobs, or 22% of the workforce at the online U.S. real estate firm, citing a declining housing market.

The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the Russian petroleum price cap of crude oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia.

Big global money managers got rid of a high volume of Chinese equities in recent days, while adding U.S.

Financial reports from Netflix, Tesla, and Bank of America in the week ahead will determine whether Wall Street is in an earnings recession or recovery.

Investors are awaiting earnings reports from consumer discretionary companies in coming weeks for a read on how the U.S.

Debate is beginning to intensify over whether the U.S. central bank's next increase will be its last in an aggressive tightening cycle that finally may have begun to show its teeth. Financial markets are betting on this 'one and done' scenario.

Boeing was notified by a supplier of the latest MAX issue, which is expected to affect a "significant" number of undelivered planes, but not those that have already been delivered, Boeing said.