Economy

BUENOS AIRES, Argentina (AP) — Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note in circulation by five — to 10,000 pesos, worth about $10. The central bank announcement Tuesday promised to lighten the load for many…

Inflation-battered Gen Zers face a debt load that is significantly higher than millennials carried when they were their age, according to a troubling new report. The average credit-card balance for 22- to 24-year-olds — the prime age for Zoomers — was $2,834 in the last quarter of 2023, compared with an average inflation-adjusted…

China's President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Carlos Barria | Afp | Getty Images"Increasingly, countries around the world are…

(Bloomberg) -- As China’s industrial capacity emerged as a key trade issue, a surge in Chinese bank loans to the sector has often been cited as evidence that Beijing is engaging in a renewed manufacturing push that could flood global markets with cheap goods.Most Read from BloombergBut an examination of those loans by researchers at Rhodium…

The 2025 Cost of living Adjustment (COLA) is in the midst of being discussed and the Federal Reserve, organism that sets the consumer prices indexes and controls inflation, has given strong indication that the increase will be quite sharp. The Federal Reserve (the Fed) holds a dual mandate: to strive for maximum employment while simultaneously…

5 things to consider before tipping at restaurantsThe debate surrounding tipping at restaurants continues to rage on, with different cultures having different takes on tipping etiquette.unbranded - LifestyleDo you feel a ping of awkwardness or pressure when you see a tip request pop up on a screen at the end of a transaction? In other words, are…

The Reserve Bank of Australia (RBA) has kept interest rates on hold despite stickier-than-expected inflation and the ever-growing spectre of rising house prices.Meeting today under its new two-day schedule, the RBA board decided to keep the official cash rate target on hold at the 12-year high of 4.35 per cent.Financial markets had largely…

By Faisal IslamEconomics editor2 hours agoImage source, Getty ImagesThe government is "gaslighting" the British people over the state of the economy, the Opposition is to argue.Shadow chancellor Rachel Reeves will tell business leaders in a speech on Tuesday the government's claims its economic plan is working are "deluded".It comes ahead of key…

Felix Aidala, Andrew Haughwout, Ben Hyman, Jason Somerville, and Wilbert van der Klaauw The U.S. housing market has had a tumultuous few years. After falling to record lows during the pandemic, the average 30-year mortgage rate rapidly increased in 2022 and 2023 and now hovers near a two-decade high of 7.2 percent. For those that…

10h00 ▪ 4 min of reading ▪ by Eddy S. The Chinese dragon is constantly increasing its influence over the Old Continent. Ports, real estate, artificial intelligence, no sector is safe from its voracious appetite. A surreptitious yet relentless offensive to establish its supremacy in the world of finance. Control over European Gateways Chinese…