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From the economy to the climate crisis to abortion and US support for Ukraine, the presidential race is likely to encompass some key themesWhether or not the 2024 US presidential election presents the expected Joe Biden v Donald Trump rematch, much wil…
Sales slump 4.1% in October amid highest mortgage rates in two decades and a dearth of housesUS existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove b…
Company cites ‘continued political polarization’ and risks to the nation’s fiscal strength as reason for changeThe credit ratings agency Moody’s reduced its outlook on the US government from stable to negative, citing division in Washington DC and risk…
Fear adds to Russia-Ukraine conflict risk and increases ‘probability of European and of US recession’A global recession could be triggered by the conflict in the Middle East as the humanitarian crisis compounds the challenges facing an already precario…
Market cools as number of jobs added comes in lower than the 180,000 that economists had been expectingThe US added fewer than expected jobs in October and the unemployment rate rose amid signs that the white-hot US jobs market is cooling.There were 15…
Exclusive: Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banksBanks pumped more than $150bn last year into companies whose giant “carbon bomb” projects could destroy the last chance of st…
High wages and a tight labor market powered consumer spending, leading to GDP growth of 4.9%The US economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, ag…
On Thursday protesters chanted: ‘Off fossil finance!’ and held a banner reading: ‘Fed Is Burning: Money, Futures, Planet’The Federal Reserve chair, Jerome Powell, was escorted out of an event Thursday afternoon after a group of climate protesters brief…
Official data shows consumer price index up to 3.7% as central bank keeps watchful eye on latest inflation figuresPrice growth held steady in the United States last month as the Federal Reserve mulls the next stage of its battle against inflation.The c…
Britain faces ‘fairly subdued’ growth and ‘persistent’ inflation, global economic health check findsBusiness live – latest updatesThe Bank of England will need to keep interest rates high into 2024 as the UK struggles with a combination of weaker growt…