Canada’s economy has been kept in check due to higher levels of household debt and shorter-term mortgages in Canada compared to the US.
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It has taken a while, but recent data suggests that the Federal Reserve’s rate hikes may finally be taming inflation.
Some glum news from both the PC and semiconductor sector has tech investors feeling a little more cautious.
The chipmaker was flat on Wednesday, and the other 499 stocks in the S&P 500 didn’t have enough oomph to drive the market higher.
The yield curve has now been inverted for around 400 trading sessions, and there’s no recession in sight. So what gives?
The average age of cars and light trucks reached a record high of 12.6 years in 2024, up by roughly two months from last year.
The percentage of US employees who think their financial well-being is good or excellent rose to 47%, up from 42% a year ago.
High interest rates across the US and Europe have hurt commercial property values, but not when luxury retail is involved.
The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.
After a slump through the latter half of the last decade, the US is experiencing a startup tsunami, according to The Economist.
European productivity has increased only about 20% since 2000, about one-third the rate of the US.
Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.
A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.
After years of chronic stagnation, prices are rising again, with inflation exceeding the Bank of Japan’s 2% target for two years running.
Elon Musk’s Starlink is set to receive official approval to enter Yemen, where a civil war has been raging since 2014, Bloomberg reports.
The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”