Retail sales rise 0.6% in December, topping expectations for holiday shopping
Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and accessory stores as well as online non-store businesses.
Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says
The number of companies that failed to make required payments on their debt totaled 153 for 2023, up from 85 the year before.
Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts
The comments, delivered during a speech in Washington, D.C., seemed to counter market anticipation for aggressing easing this year.
Germany’s economy shrinks by 0.3% in 2023
The estimate is in line with the expectations of analysts polled by Reuters.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.
Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.
Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in "days, weeks or months."
Turkish lira hits fresh record low against the U.S. dollar
The beleaguered lira has fallen some 37% against the U.S. benchmark over the past year.