Economy

The main highlight in the European session was the release of the UK GDP data. There's nothing else on the agenda until the American session. That's when we get the main events for today, that is the Canadian labour market report, the US PPI and the University of Michigan Consumer Sentiment report.12:30 GMT/08:30 ET - Canada September Labour…

CHESTERFIELD — A plan to create a "downtown" Chesterfield cleared its first major hurdle Monday when a special commission recommended it receive $353 million in tax incentives. The commission voted 9-3 to recommend the City Council grant a tax incentive for two projects poised to create thousands of new apartments, restaurants…

Getty ImagesChina has cracked down on businesses including real estate, technology and finance“Now I think about it, I definitely chose the wrong industry.”Xiao Chen*, who works in a private equity firm in China’s financial hub, Shanghai, says he is having a rough year.For his first year in the job, he says he was paid almost 750,000 yuan…

The CPI was a mix of good and bad in September. The good outweighs the bad especially for renters. But what’s ahead?Data from BLS, chart by MishThe BLS reports the Consumer Price Index rose 0.2 percent in SeptemberCPI Month-Over-Month Details The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted…

Wefox CEO Julian Teicke.WefoxHELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse.The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut costs to weather…

Topline Consumer prices rose faster than economists forecasted last month for the first time since March, posing a potential obstacle to the yearslong fight to return to 2% inflation. President Joe Biden delivers remarks on the economy and inflation last January.Getty Images Key Facts Headline consumer price index inflation was 2.4% in…

In these inflationary times, there are many things I am prepared – through gritted teeth – to pay $150 for. Utilities. A tank of petrol. My kid’s orthodontic bill. Just kidding. If you wrote $150 now, and then kept writing zeroes until the middle of next Tuesday, you would have the amount that (as it turns out) I’m prepared to spend on my kid’s…

New York CNN  —  Hopes for avoiding a recession are growing on Wall Street. Now, investors are looking for the coming earnings season to support that optimism. Companies in the S&P 500 reporting third-quarter results are expected to have posted a 3.7%…

NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains.The U.S. job market remains strong, consumer spending is resilient and inflation has been slowing. But elevated prices for food, rent, gasoline and other household costs have taken a toll on shoppers. As a result, many are…

A man works at a construction site of a residential skyscraper in Shanghai on November 29, 2016. Chinese household debt has risen at an "alarming" pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world's second largest economy.JOHANNES EISELE/AFP via Getty…