US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Thomas Calomiris, a third generation produce vendor, weighs an onion at Eastern Market as the US struggles with rising inflation May 20, 2022, in Washington, DC. Brendan Smialowski | AFP | Getty Images Many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively … Read more

In Putin’s evil vs. good war against Ukraine, the forces of good prevailed at NATO this week

Frederick Kempe is the President and Chief Executive Officer of the Atlantic Council. This is a story of evil versus good. It’s the story of a despot’s ruthless attacks on civilian targets in Ukraine, versus the historic, but nonetheless insufficient, rallying of democratic states to save the country. At midday on Monday, in the central … Read more

Cases triple in Europe, urgent action needed to contain spread

The World Health Organization on Friday warned that urgent action is needed to contain the spread of monkeypox in Europe, as cases have tripled over the past two weeks. Europe is the center of a global outbreak of the virus with 90% of confirmed monkeypox cases reported there, according to the WHO. New infections have … Read more

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester takes part in a panel agreed to speak about the health of the US economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same when the US central bank meets to decide … Read more

Home price increases slowed slightly in April, says S&P Case-Shiller

People walk into a house for sale in Floral Park, Nassau County, New York. Wang Yin | Xinhua News Agency | Getty Images Home price increases slowly ever so slightly in April, but it is the first potential sign of a cooling in prices. Prices rose 20.4% nationally in April compared with the same month … Read more

How much savings drivers saw in 3 state breaks

President Joe Biden remarks on efforts to lower high gas prices at the Eisenhower Executive Office Building in Washington, DC on June 22, 2022. JimWatson | AFP | Getty Images President Joe Biden has called on Congress to put a three-month federal gas tax holiday in place to help ease the financial pain drivers are … Read more

CDC panel recommends Moderna two-dose Covid vaccine for kids ages 6 to 17

The Centers for Disease Control and Prevention is expected to clear Moderna’s two-dose Covid-19 vaccine for kindergartners through high schoolers for public distribution this week after the agency’s panel of independent vaccine experts unanimously voted Thursday to recommend the shots. The committee endorsed Moderna’s vaccine for children ages 6 to 17 after examining its safety … Read more

Treasury yields in focus as investors assess recession risk

The yield on the benchmark US 10-year Treasury note fell to its lowest level in almost two weeks on Thursday as investors continued to assess the likelihood of a recession. The yield on the 10-year Treasury note was around 4 basis points lower at 3.117%, while the yield on the 30-year Treasury bond fell 3 … Read more

Treasury yields in focus amid economic data

US Treasury yields rose on Tuesday as investors awaited the release of a fresh batch of economic data on the first trading day of the week. The yield on the benchmark 10-year Treasury note was almost 3 basis points higher at 3.269%, while the yield on the 30-year Treasury bond traded 4.5 basis points higher … Read more

Inflation the biggest poison for the world economy

Europe and the US face a high likelihood of recession as central banks are forced to aggressively tighten monetary policy to combat inflation, according to Deutsche Bank CEO Christian Sewing. The US Federal Reserve, European Central Bank, Swiss National Bank and the Bank of England all moved to rein in inflation last week, albeit to … Read more