Tesla is not the only company reviewing its Europe investment after Biden’s IRA
Many multinationals are reconsidering or changing previous plans to deploy new money into Europe.
Euro zone inflation softens to 8.5% in February as ECB signals interest rate hiking is not over
Inflation in the euro zone came in at 8.5% in February, while the ECB signalled interest rate hikes could still continue.
The racial retirement savings gap remains wide – How these state IRA programs are working toward equity
Workers have put away $735 million in state retirement savings programs that are intended to help employees at small businesses.
Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says
The Federal Reserve is unlikely to be able to bring down inflation without having to push rates considerably higher, according to a research paper.
Key Fed inflation measure rose 0.6% in January, more than expected
The core PCE price index was expected to increase 0.5% from a month ago and 4.4% on an annual basis, according to Dow Jones.
OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger
OECD Secretary-General Mathias Cormann said the global economic outlook is looking slightly "brighter" for this year but inflation challenges remain.
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
The U.K. has thus far avoided a widely anticipated recession, and the economy may be holding up better than feared, according to veteran fund manager...
Retail sales jump 3% in January, smashing expectations despite inflation increase
Retail sales were expected to increase 1.9% in January, according to Dow Jones.
Russia’s budget deficit has surged. But economists say Moscow won’t drain its war chest any time soon
Russia's budget deficit hit a record 1.8 trillion rubles ($24.4 million) in January, with spending growing by 58% from the previous year while revenues fell...