Economy

DAVOS, Switzerland – The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, they said.The resilient U.S. economy, a mild European winter and China's reopening have given investors and forecasters hope that a severe recession…

BlackRock chairman and CEO Larry Fink discusses how close the economy is to a recession and how Washington's bickering over the debt ceiling could harm the United States on 'The Claman Countdown.' BlackRock CEO Larry Fink weighed on the probability of a recession and the risk of the U.S. government defaulting on its debt.  Fink told Liz…

Stocks rose Friday as investors digested bank earnings and bet inflation would ease in 2023.All of the major indexes fought their way into the green after beginning the day deep in the red. The Dow Jones Industrial Average rose 112.64 points, or 0.33%, to 34,302.61. The S&P 500 rose 0.40% to 3,999.09, and the Nasdaq Composite advanced 0.71%…

A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeFriday, January 13, 2023Today's newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more market news on…

A woman walks between signs denoting food prices in a street in Buenos Aires on Thursday © Luis Robayo/AFP/Getty Images Argentina closed the year with annual inflation accelerating to 95 per cent, bringing the South American country narrowly outside the five triple-digit inflation nations globally.Prices…

Comment on this storyCommentThe inflation story took a turn for the better on Thursday when the government reported that the consumer price index fell 0.1% from a month earlier. Policymakers at the Federal Reserve will play down the report’s significance and reiterate their commitment to keep fighting volatile prices. But in private, they have…

Jan 12 (Reuters) - Easing inflation will allow the Federal Reserve to deliver just a quarter-point rise in interest rates at its next meeting, and to ultimately stop raising rates before they get to 5%, traders bet on Thursday.After the U.S. Labor Department reported consumer prices fell in December from November, and Philadelphia Fed President…

Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation.In a speech delivered to Sweden's Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically."Price stability is the…

The costs of China’s chaotic exit from its zero-Covid strategy are surging. In spite of a virtually static official death toll, a slew of obituaries for elderly public figures from academics to opera singers demonstrate the impact of the virus among its vulnerable population.Hospitals in several parts of the country are overwhelmed, and a…

When asked whether he was concerned about a slowdown this coming year, though, BPDA director Arthur Jemison said he held a “contrarian opinion,” and pledged that City Hall would “take a very business-minded approach” toward identifying issues that hold up development.“I think you’re going to find developers continuing to aggressively pursue…