ECONOMY & MARKETS

German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits.

High mortgage rates and the increase in the inventory of homes for sale are putting downward pressure on prices.

The residential real estate market is responding to high interest rates.

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The initiatives comes after supply chain disruptions led to an acceleration of inflation after the pandemic.

In recent weeks, small stocks, financials and real estate stocks have led gains on Wall Street as investors bought shares of companies that could benefit from a new investment narrative: declining interest rates and a growing economy.

U.S. housing data, manufacturing in China and earnings of retailers and Canadian banks are also scheduled for the next few days.

Paola Basso sighs as she hastily sticks price tags one on top of the other in a suburb of Buenos Aires, as the cost of goods soars after the election of libertarian outsider Javier Milei.

To find out how a small country like Greece ends up competing in the medical service sector and how Americans take advantage of it, International Business Times spoke with Dr. George Patoulis, president of the Athens Medical Association and Elitour, the Greek Health Tourism Council.

The unintended consequence of the surge in global anti-Semitism is altering the dynamics of the Israeli housing market.

US climate envoy John Kerry will unveil the first-ever international nuclear fusion strategy at COP 28.

The University of Michigan says consumers see the possibility of inflation accelerating again.

Spain's pursuit of net-zero carbon emissions took a step forward on Wednesday.

The data show resilience in the labor market while manufacturing struggles.

Rates are responding to the drop in Treasury yields as inflation and the economy slow.

The minutes say rates could rise more if progress on fighting inflation isn't sufficient.

An imminent deal will enable Shell and NGC to jointly operate the field under a 70%-30% ownership, delivering crucial foreign capital to Venezuela via project revenue.

The drop was worse than economists expected as homebuyers are discouraged to make purchases.

Sales of existing homes in the United States slipped more than anticipated in October to a new 13-year low, according to industry data released Tuesday, on stubbornly low inventory and high mortgage rates.

Concessions are more common in areas where construction of multi-family homes are booming.

Quarterly sales were below analyst's estimates for both companies

Member countries of OPEC+ have collectively reduced their operational oil capacity by 5.2 million barrels per day in 2023, constituting approximately 5% of global oil production.

Argentina's next president is a far-right "chaos agent." Will he be able to unleash the country's economic potential?

Discover the professional landscape with our comprehensive guide to the 40 highest paying jobs in 2023, backed by data from Salary.com, Talent.com and US News & World Report.

The S&P 500 closed at 4,514.02, up 2.5% for the week; the Dow Jones at 34,947.10, up 2%; the tech-heavy Nasdaq at 14,125, up 3.1% and the small-cap Russell 2000 at 1797.77, up 5.8%.

The week will also bring housing and labor data; retailers Nordstrom, Lowe's and Best Buy release quarterly results.

A newly-developed lithium extraction technology promises to fix lithium mining, but analysts are cautiously optimistic.

Homebuilders are adjusting their projects to keep attracting buyers amid high interest rates.

High interest rates for a prolonged period usually push the U.S economy into a recession. But not this time around -- at least not yet.