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Breaking News: Economy

Homebuilder sentiment drops sharply, as mortgage rates surge

by Anas Siddiqui
Homebuilder sentiment drops sharply, as mortgage rates surge

Residential home construction by Shea Homes builders is shown in Encinitas, California, May 16, 2023. Mike Blake | Reuters Rising mortgage rates are hitting potential homebuyers hard, and that is …

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UK headline inflation rate drops sharply to 6.8% in July, in line with expectations

by Ron Morgan
UK headline inflation rate drops sharply to 6.8% in July, in line with expectations

LONDON — U.K. headline inflation cooled sharply in July to an annual 6.8%, but the core consumer price index remained unchanged, posing a potential headache for the Bank of England. …

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Earth just had its hottest July ‘by a long shot,’ NASA and NOAA say

by Akin Smith
Earth just had its hottest July ‘by a long shot,’ NASA and NOAA say

The planet had its warmest July on record “by a long shot” — and very likely also had its warmest-ever month in 174 years of record-keeping — according to NASA …

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Argentina devalues its currency, jacks up interest rates

by Walter Watson
Argentina devalues its currency, jacks up interest rates

Argentine far-right libertarian economist and presidential candidate Javier Milei celebrates the results of the primary elections with his sister Karina Milei at his headquarters in Buenos Aires on August 13, …

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Russian ruble slumps to near 17-month low, moves past 100 against the dollar

by Walter Watson
Russian ruble slumps to near 17-month low, moves past 100 against the dollar

This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023. Mikhail Klimentyev | …

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Argentina markets face election hangover after far-right primary bombshell

by Walter Watson
Argentina markets face election hangover after far-right primary bombshell

Far-right libertarian candidate Javier Milei celebrates the results of Argentina’s primary elections on August 13, 2023. Alejandro Pagni | Afp | Getty Images Argentina’s markets face an election hangover on …

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Airlines add premium, first class seats as travelers treat themselves

by Walter Watson
Airlines add premium, first class seats as travelers treat themselves

Airlines spent decades cramming as many seats into coach as possible. Now they’re focusing on adding roomier seats in a worldwide chase for high-spending travelers like Natalie Rasmussen. “I’m not …

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Goldman Sachs-backed Starling to expand in Asia-Pacific market

by Walter Watson
Goldman Sachs-backed Starling to expand in Asia-Pacific market

The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images British digital bank Starling is planning its first expansion outside of Europe, targeting a …

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UK economy posts surprise second-quarter growth as households kept spending

by Walter Watson
UK economy posts surprise second-quarter growth as households kept spending

Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. economy beat expectations with 0.2% growth in the second …

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Biden embraces July inflation report: ‘That’s Bidenomics’

by Vera Ward
Biden embraces July inflation report: ‘That’s Bidenomics’

US President Joe Biden speaks on how “Bidenomics” is helping clean energy and manufacturing, at Arcosa Wind Towers in Albuquerque, New Mexico, on August 9, 2023. Jim Watson | AFP …

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