The Latest Breaking News on Economy

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

More disruption likely as pay disputes go unresolved and industrial action continues

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable. Fast forward less than two years and things are looking very different.

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation

The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.

The Reserve Bank lifts interest rates by another quarter of a percentage point, with ANZ becoming the first bank to pass on the increase to its customers.

The government expects the inflation rate to continuously decrease throughout this year after the rate in January declined, reaching the lowest level in nine months.

The RBA has lifted the cash rate target to 3.35 per cent, up another 25 basis points, as it keeps trying to squeeze inflation out of the system.

Tens of thousands of nurses and ambulance workers joined Britain’s largest-ever health sector strike on Monday – the latest walkout to cause disruption at the National Health Service. Public support for striking staff remains high, but negotiations with the government over pay increases have reached a stalemate.