UK stocks have been outperforming US stocks on a broad index-based level for the past seven weeks, but this isn’t a case of a UK renaissance.
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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.
A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.
Cocoa prices plunged almost 30% in the past week after a rally that pushed prices nearly 80% higher to start the year.
After years of chronic stagnation, prices are rising again, with inflation exceeding the Bank of Japan’s 2% target for two years running.
Futures prices had surged to record highs in recent months because of droughts contributing to the country’s smallest herd since the 1950s.
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.”
Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.
A special $7.5 million debt threshold for filing is due to expire in June, when it will revert to the previous $2.7 million limit.
Residents have watched their dreams for a huge windfall dwindle as a glut of listings has come on the market, driving rental prices lower.
To have any hope of emerging from Chapter 11 without selling, the company needs to raise somewhere in the ballpark of $400 million.
The US economy will grow twice as fast as any of its major Western peers this year.
Some of the more reliable office building tenants are reversing course by letting leases expire or subleasing space across major cities.
Sales rose 0.7% month-over-month — about double what many economists had predicted. Year-over-year, that’s a 4% jump.
Our new high-tech vehicles are becoming pricier to repair, and we’re getting in more accidents than ever before.