Browsing Category
Economy
Beijing Makes Biggest Move to Patch Property Crisis
China is drafting a "white list" of property developers for bank financing, per Bloomberg.Beijing may let banks offer unsecured short-term loans to the 50 developers on the list.China's massive property…
Turkey’s central bank hikes interest rate by 500 basis points to 40%
Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background.Sopa Images | Lightrocket | Getty ImagesTurkey's central bank on Thursday hiked its key interest rate, the benchmark…
How HENRYs Are Investing and Spending Amid Uncertain Economy
Miles Goodloe (left), Domenic Boresta (middle), and Robert Oszust Jr. (right) are all HENRYs. Miles Goodloe/Domenic Boresta/Robert Oszust Jr. HENRYs — high earners, not rich yet — are a wide-ranging group often making over…
Rents in Canada Explode. Services Inflation Heats Up
Plunging gasoline prices and dropping prices in a few other categories hold down overall CPI. A mess for the Bank of Canada.
By Wolf Richter for WOLF STREET.
The overall Consumer Price Index for Canada in October decelerated to…
Japan’s inflation comeback prompts investors to tear up old playbooks
Ageing population no longer main Japan investment storyGlobal stockpickers positive on Japan banks, retailersInvestors cautious on bondsLONDON/TOKYO, Nov 21 (Reuters) - Global inflationary forces are finally seeping into Japan's economy…
The Fed may be done with rate hikes. That could spark your 401(k)
401k, IRA: How to choose a retirement plan that’s best for youThere are many different retirement savings plans – traditional IRA, Roth IRA, 401k. Here’s how to choose the one that will help you reach your goals.USA TODAYNews last week…
Argentina votes in nail-biter election with libertarian slight favorite
BUENOS AIRES, Nov 19 (Reuters) - Argentines headed to the polls on Sunday in a delicately poised presidential runoff, with two starkly different visions for the country's future on offer and an electorate simmering with anger at…
China’s Economy Had a Growth Spurt. Consumers Remain Worried.
Whimpers of growth in China after months of malaise haven’t convinced many consumers, experts, and investors that the economy is getting stronger. Barron’s has tracked sentiment throughout the postpandemic period through follow-up…
Beneath October’s Consumer Price Index Number Lurk Inflation’s Untold Tales
Consumer prices this past week fell more than expected. October inflation was 3.2%—essentially flat. Lower gasoline prices helped, and higher shelter costs hurt. But digging deeper into the report provides some interesting—even…
Increasing signs that the global economy is fragmenting
Focusing on Europe, European Central Bank President Christine Lagarde said that a continuous decline in the working age population looks set to start as early as 2025, alongside climate disasters which are increasing every year.Her…