The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is nearing parity with the US dollar for the first time in 20 years, but the currency strategists are divided on whether it will get … Read more
Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are a wildcard for consumer wallets this summer, as tight supply and uncertainty can drive Ukraine’s fuel costs sharply higher. Gasoline prices are $ 5 toward climbing, and they seem to be set to stay high even … Read more
How well does the American consumer hold up against sky-high inflation? It depends on you. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each have a different perspective on where and how they spend their money. Walmart said some of its more price-sensitive customers … Read more
Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do … Read more
Turkish President Recep Tayyip Erdogan speaks ahead of peace talks between delegations from Russia and Ukraine at Dolmabahce Presidential Office in Istanbul, Turkey on March 29, 2022. Arda Kucukkaya | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan has doubled down on his opposition to Sweden and Finland joining the NATO alliance, a … Read more
China still holds global supply chains for cards, whether or not Covid lockdowns in the near term in frustrating businesses. An employee works on screens for production line at 5G smartphones on May 13, 2022 in Ganzhou, Jiangxi Province of China. Zhu Haipeng | Visual China Group | Getty Images BEIJING – Global supply chains … Read more
Johnson will visit Northern Ireland on Monday to hold emergency talks. Daniel Leal | Afp | Getty Images LONDON – The UK government is again threatening to unilaterally override large parts of the European Union, raising the prospect of a trade war amid a power-sharing crisis in Northern Ireland. The UK’s Prime Minister Boris Johnson … Read more
The all-electric future, where homes, cars and buildings run on clean energy, depends on a host of raw materials, but perhaps more than one rest: lithium. Prices for the key metal have shot up over the last year as projections suggest that demand is going to vastly outstrip supply. On one side there are vast … Read more
Inflation is soaring, the stock market is tumbling and consumers are worrying more and more about their future. None of that is good, but it’s time to tap the brakes on a little worries that everything is crashing down. After a quarter of negative economic growth, Q1 GDP fell 1.4%. All it needs is a … Read more
CNBC: Sundar Pichai, CEO of Alphabet and Google Being Interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We’re definitely looking ahead, like everyone else,” Pichai told CNBC’s … Read more
