‘Path to oblivion’: Ukraine military gains could deepen Russia’s economic problems
Ukraine's counteroffensive, which has seen vast swathes of Russian-occupied territory get recaptured, could be compounding Russia's economic troubles.
Here’s why Hispanic workers could face an outsized hit in a U.S. recession
Hispanic workers have been disproportionately affected by past recessions and the next one will likely be no different, according to Wells Fargo.
Retail sales growth sluggish in August as consumers fight to keep up with inflation
Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change.
‘The economy is braking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht
The economy is on the brink of a serious downturn if the Fed doesn't pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht...
Wholesale prices fell 0.1% in August amid inflation fears
The producer price index, a gauge of prices received at the wholesale level, declined 0.1%, according to a Bureau of Labor Statistics report.
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
Rather than fuel, it was food, shelter and medical services that drove costs higher in August, slapping a costly tax on those least able to...
The Fed is going to pivot in 3 stages, author Nomi Prins says
The U.S. Federal Reserve could be forced to pivot away from its path of aggressive interest rate hikes in three stages, according to author Nomi...
Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows
Respondents to the New York Fed survey indicated they expect the annual inflation rate to be 5.7% a year from now.
Inflation rose 0.1% in August even with sharp drop in gas prices
The consumer price index for August was expected to decrease 0.1% from the previous month and increase 8% from a year ago, according to Dow...