Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was headed in the wrong direction.
Vanguard Group, the world's second-biggest asset manager, said on Wednesday the U.S.
Michael Barr, a former top official at the U.S. Treasury, won Senate confirmation Wednesday to the Federal Reserve Board as its newest member, and he is expected to also be confirmed later in the day as the central bank's top Wall Street regulator.
The euro's tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices.
The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S.
U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades, leaving Americans to dig deeper to pay for gasoline, food, healthcare and rents, and the Federal Reserve most certain to hike interest rates by another 75 basis points at the end of the month.
Consumer inflation in Ghana accelerated to 29.8% annually in June from 27.6% in May, official data showed on Wednesday, shattering another record while the West African nation talks to the International Monetary Fund (IMF) for support.
U.S. stocks closed modestly lower on Wednesday after investors digested hotter-than-expected U.S.
Wall Street stocks fluctuated on Wednesday as investors digested surprisingly strong U.S.
U.S. stocks slipped on Wednesday after hotter-than-expected inflation data fanned fears that the Federal Reserve might take a more aggressive stance on interest rate hikes, potentially tipping the economy into a recession.
Wall Street's main indexes were set to tumble at the open on Wednesday after hotter-than-expected inflation data fueled bets that the U.S.
U.S. stock index futures fell sharply on Wednesday after hotter-than-expected inflation data in June sparked fears that aggressive monetary policy tightening by the U.S.
Chad's official creditors are expected to agree on Wednesday a debt restructuring strategy that includes contingencies based on oil prices and participation of private creditor Glencore, a person familiar with the plans said.
China's exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy.
China's economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policymakers may have to do more to spur a faster recovery.
Britain's economy grew unexpectedly in May, driven by a rise in doctor appointments but also broader demand for things such as holidays, according to data that could reassure the Bank of England about its plans to keep on raising interest rates.
Britain's economy grew unexpectedly in May, driven by a rise in doctor appointments and demand for holidays, according to official figures that could reassure the Bank of England about its plans to keep on raising interest rates.
The U.S. dollar's rampant surge may finally force corporate America to wake up to a brewing earnings recession.
The Bank of Canada on Wednesday raised its main interest rate by 100 basis points in a bid to crush inflation, surprising markets and becoming the first G7 country to make such an aggressive hike in this economic cycle.
World equities wavered on Wednesday as investors digested a report showing U.S.
Stocks slipped on Wednesday and the euro lurked just above parity against the dollar, as traders waited to see if U.S.
Stocks made slight gains across Asia on Wednesday while the euro hovered just above parity against the dollar as investors awaited a highly anticipated U.S.
Asian stocks gained on Wednesday, taking back some of their recent losses, while the euro hovered just above parity against the dollar ahead of a highly anticipated U.S.
The dollar retraced from a 20-year high and the euro broke back above parity, following a brief dip below, after data on Wednesday showed U.S.
The dollar surged to a 20-year high against a basket of currencies and the euro broke below parity against the greenback after data on Wednesday showed U.S.
The dollar surged to a 20-year high against a basket of currencies and the euro neared parity against the U.S.
The euro edged higher on Wednesday, hovering just above parity with the U.S.
The euro was hovering just above parity with the U.S.
The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if U.S.
South Korea's central bank raised its policy interest rate by an unprecedented half point on Wednesday, aiming to pull inflation from 24-year highs while balancing fear of a sharp economic downturn as business activity flounders.
