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Economy
Credit agency Moody’s cuts outlook on US…
The credit ratings agency Moody’s reduced its outlook on the US government from stable to negative, citing division…
Certain uncertainty in the US bond market
The last two years have been catastrophic for investors in US Treasury bonds. By one measure, 2022 was the worst…
US added 150,000 jobs in October as pace of…
The US added another 150,000 jobs in October as the jobs market cooled. The unemployment rate rose to…
Is the pendulum of power swinging towards US…
The United Auto Workers has scored a major victory. It’s still awaiting a vote by union members, but it’s a big…
Banks pumped more than $150bn in to companies…
Banks pumped more than $150bn last year into companies whose giant “carbon bomb” projects could destroy the last…
US economy grows at fastest pace in nearly two…
The US economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor…
‘Ghastly expensive mess’: bond vigilantes return…
They punish governments that dare to deviate from financial orthodoxy. They strike fear into the hearts of finance…
As a global energy crisis returns the UK push…
Earlier this year the world economy had a lucky escape. After a mild winter in Europe, energy prices were in…
Climate activists force Fed chair Jerome Powell…
The Federal Reserve chair, Jerome Powell, was escorted out of an event Thursday afternoon after a group of climate…
UK interest rates will need to stay high into…
The Bank of England will need to keep interest rates high into 2024 as the UK struggles with a combination of…