Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.
Markets reprice Bank of England rate-cut bets as UK records fastest growth in nearly 3 years
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.
Stanley Druckenmiller gives Biden’s economic policies an ‘F’, blames the Fed for reigniting inflation
He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.
Renters’ hopes of being able to buy a home have fallen to a record low, New York Fed survey shows
The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.
Jobless rates rise in April for all race groups except Black Americans
The unemployment rate for Black Americans slid in April, bucking the trend for other demographic groups.
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.