Prime Minister Modi asked citizens to avoid buying gold jewelry for functions, coming as the country’s appetite for the precious metal continues to drive foreign-currency […]
Category: Economy
Wichita, Kan., is that rare American city betting its future on the middle class
Rent, food and other costs are cheaper than the national average. A duplex boom is attracting middle-income earners to the Midwestern city. Source link
Women are playing a bigger role in the American labor market. Occupations with heavily male workforces have been losing jobs, and the share of men working has flatlined.
Industries that heavily employ men are losing jobs, and the share of men working has flatlined. Source link
China Factory-Gate Prices Rise for Second Straight Month
China’s factory-gate inflation gathered momentum in April, fueled by geopolitical tensions in the Middle East that kept energy costs elevated and cemented the end of […]
Americans are pouring a lot more money into their gasoline tanks than they were even a week ago
A 33-cent jump in the price of regular gasoline in a single week is hitting wallets fast, with the summer driving season still ahead. Source […]
Foreclosure filings have jumped to a six-year high as rising property taxes, insurance costs and debt strain U.S. homeowners
Homes with foreclosure filings jumped 26% in the first quarter, reflecting in part rising property taxes and insurance premiums that hit homeowners. Source link
Heard on the Street: The jump in home foreclosures is an early sign of fallout after the Trump administration tightened rules for borrowers seeking federal mortgage subsidies
The jump in home foreclosures is an early sign of fallout after the Trump administration tightened rules for borrowers seeking federal mortgage subsidies. Source link
One of the major surprises about the closure of the Strait of Hormuz is how resilient much of the world's economy has been so far
In the two months since the Strait of Hormuz was closed, many of the world’s major economies have been soldiering on. Source link
EU Trade Chief Plans to Meet U.S. Counterpart in Paris
European officials are reeling from another American threat to raise tariffs on exports to the U.S. despite a trade agreement reached between the bloc and […]
ECB Could Hike Rates in June Should Inflation Outlook Not Improve, Nagel Says
The longer the Iran war persists, the greater the risk that inflation will remain elevated if monetary policy fails to act, Bundesbank President Joachim Nagel […]