Financial-stability risks are increasing in Europe, and the uneven impact of the COVID-19 pandemic means that they have become concentrated in specific industries and countries, the ECB said on Wednesday.
Two Federal Reserve officials said Wednesday they are not ignoring the risks of higher inflation as critics like former Treasury Secretary Larry Summers has charged.
The uneven state of the pandemic across the world was on full display Wednesday, with India setting a global record for one-day fatalities, while the U.S. reported continued declines in cases and deaths and the European Union said it would open its borders to vaccinated travelers after months of restrictions.
U.S. stocks on Wednesday head lower, but trade off session lows, as the European Central Bank joined the chorus of global central banks warning about potential bubbles in financial assets due to massive government support programs designed to offset the economic shocks of the pandemic.
Crypto markets are in the midst of a substantial selloff that has shaken the conviction of some new investors in the nascent sector. Here’s what some market participants say investors should do.
The uneven state of the pandemic across the world was on full display Wednesday, with India setting a global record for one-day fatalities, while the U.S. reported continued declines in cases and deaths and the European Union said it would open its borders to vaccinated travelers after months of restrictions.
A sharp rise in U.K. inflation rattled investors on a heavy day of selling for global markets, including commodity prices, which hit some London-listed companies hard.
For the past year, whenever Jillian Seroka picks up her usual almond milk cortado from Oslo Coffee Roasters in the West Village neighborhood of Manhattan, she is presented with a prompt on the point-of-sale iPad asking how much gratuity to add on top of her $6 bill. She typically tips $3.