Economy

In this turbulent market, opportunities abound, according to JPMorgan's Mary Callahan Erdoes.Stocks have been trading in a bear market this year as investors navigate inflation, Federal Reserve interest rate hikes and talk of a potential recession. On Wednesday, the S&P 500 rebounded after hitting a fresh low for the year in the prior…

The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises because the consumer price index and the personal consumption expenditure price index — the two most important inflation gauges — have a fatal flaw in the way…

By Indradip GhoshBENGALURU (Reuters) - The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal rate, according to economists polled by Reuters.That change in expectations came after the Fed raised rates by 75 basis points last week for the…

Luxury home sales have plummeted by 28 percent in the US, with regular market sales also sinking by 19.5 percent as federal interest rates soar and inflation runs rampant. Luxury home sales have seen their biggest decline year-over-year in August since the pandemic brought the housing market to a standstill in 2020, dropping sales by 23.2…

Register now for FREE unlimited access to Reuters.comRegisterA look at the day ahead in U.S. and global markets from Mike Dolan.As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately - though likely only temporarily.Ian strengthened into a Category 3 hurricane on…

China’s economic output will lag behind the rest of Asia for the first time since 1990, according to new World Bank forecasts that highlight the damage wrought by President Xi Jinping’s zero-Covid policies and the meltdown of the world’s biggest property market.The World Bank has revised down its forecast for gross domestic product growth…

Register now for FREE unlimited access to Reuters.comRegisterBERLIN/COPENHAGEN, Sept 26 (Reuters) - Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea.The German government…

Authorities in Germany are trying to establish what caused a sudden drop in pressure in the defunct Nord Stream 2 gas pipeline, with a spokesperson for its operator saying it could have been caused by a leak.The pipeline has been one of the flashpoints in an escalating energy war between Europe and Moscow since Russia’s invasion of Ukraine in…

On Monday we will be picking over the fallout from Italy’s lurch to the right after the completion of a bad-tempered election campaign. The Financial Times got in early with a Big Read on what a far right administration means for the rest of Europe.We also have elections in Latvia, Bulgaria, Kuwait and Bosnia and Herzegovina this week. But the…

The government of India's Prime Minister Narendra Modi has looked to boost the country's chipmaking prowess.Money Sharma | AFP | Getty ImagesIndia could have a large role to play in the semiconductor industry, analysts say, as the world's fifth-largest economy looks to boost its domestic chip sector.Along with other countries like the U.S.,…