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Americans keep feeling worse about this high-inflation economy

An early look at consumer sentiment in February shows just that. Sentiment dropped more than economists expected between the first two months of the year, reaching the worst level in a decade at 61.7 points, the University of Michigan reported Friday. That’s more than an 8% drop from the January level.Americans are concerned about their […]

Rate hike bets support the dollar amid surging U.S. inflation

A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. REUTERS/Murad Sezer/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, Feb 11 (Reuters) – The dollar rose to an eight-day high on Friday after U.S. inflation surged to a 40-year peak and comments from a Federal Reserve official unleashed […]

How The Trucker Protests Are Snarling the Auto Industry

“What people seem to not understand is that when that truck isn’t moving, they make no money,” Ms. Walker said, noting that drivers with certain types of cargo, such as some hazardous materials, are limited to crossing on the Ambassador Bridge. The slowdown in Canadian trade will disproportionately affect New York, Michigan and Ohio, said […]

Not a moment to lose, in race to meet Sustainable Development Goals: Guterres |

“The well-being of people around the world, the health of our planet, and the survival of future generations depend on our willingness to come together around a commitment to collective problem-solving and action”, said UN chief António Guterres. “We don’t have a moment to lose”. He urged those attending the first of five thematic consultations at […]

How there’s been a Greenspan-sized tightening to the economy even before the first Fed hike

Is the Federal Reserve loosening or tightening policy right now? That seems like a silly question. Interest rates are still barely above zero, and this month, the Fed is still planning to buy $20 billion of Treasury securities and another $10 billion in mortgage-backed securities. But that isn’t how markets are behaving. And economists at […]

US-Canada bridge blockade risks huge economic damage, governments warn | Canada

Blockades on the busiest border bridge between Canada and the US could have a serious impact on the economies of both countries, disrupting the automotive industry, agricultural exports, and causing multimillion-dollar losses, the two countries’ governments have said. The warnings came as business associations said that manufacturing plants at the heart of North America’s automotive […]

Dollar ticks down, euro up ahead of U.S. CPI report

A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel Register now for FREE unlimited access to Reuters.com Register NEW YORK, Feb 9 (Reuters) – The dollar slid further on Wednesday and the euro extended gains following a hawkish shift from the European […]

Despite an optimistic jobs report, new data shows Native American unemployment remains staggeringly high

Last week’s Bureau of Labor Statistics (BLS) jobs report delivered a burst of good news, with the U.S. economy adding 470,000 jobs in January and revised data from the November and December reports showing that over 700,000 more jobs were added at the end of 2021 than initially estimated. While these topline numbers received the […]

Why has a Chinese city’s lockdown sent aluminium prices surging?

BEIJING: The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminium rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal? WHERE IS BAISE? Located near the border with Vietnam, Baise is nicknamed the “aluminium capital of southern China”. […]

Malaysia economy likely returned to growth in Q4, Omicron a threat

Malaysia’s GDP seen expanding 3.3% in Q4 Q4 GDP data due at 0400 GMT, Feb. 11 BENGALURU, Feb 9 (Reuters) – Malaysia’s economy likely bounced back to growth in the final quarter of 2021, propelled by strong exports and private investments, but the fast-spreading Omicron coronavirus variant poses a threat to the outlook, a Reuters […]