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Economics Headlines
ECB Becomes First Major Central Bank to Raise Rates Since Inflation Resurgence wsj.com
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world.
Source: wsj.com
Wholesale inflation surges again and keeps the pressure on businesses and the U.S. economy marketwatch.com
Wholesale prices in May posted the biggest back-to-back increases since 2022 and kept the pressure on businesses as they try to navigate another wave of U.S. inflation.
Source: marketwatch.com
AI Boom Stokes Inflation With Memory Chips at ‘Insane’ Prices bloomberg.com
When Chris Barber, who’s been in the computer business for a quarter-century, says he’s never seen anything like the AI boom, he’s not talking about its potential to transform the future. He means what it’s doing to hardware prices right now.
Source: bloomberg.com
Why Doesn’t China Have a Lionel Messi? bloomberg.com
Bloomberg Economics examines why the ‘China Model’ hasn’t created success on the football pitch.
Source: bloomberg.com
The K-shaped economy is starting to narrow, says BofA’s Liz Everett Krisberg cnbc.com
Liz Everett Krisberg, head of Bank of America Institute, joins ‘Squawk Box’ to break down the Institute’s Consumer Checkpoint Report, which provides real-time consumer spending and financial health estimates.
Source: cnbc.com
Norway Survey Dampens Chances of June Rate Hike as Economy Cools bloomberg.com
Norway’s businesses presented a less rosy outlook in a key survey of corporate sentiment, likely easing pressure on the nation’s central bank to extend its interest-rate hikes next week.
Source: bloomberg.com
Why Indonesia’s Rupiah Keeps Hitting Record Lows bloomberg.com
Indonesia’s rupiah — Asia’s worst-performing currency this year — has been under pressure since late 2024 when investors began reassessing the country’s fiscal outlook following the election of President Prabowo Subianto. Before this current period of volatility, the currency hadn’t traded at such weak levels since the Asian Financial Crisis of 1997-98.
Source: bloomberg.com
Key Trump economic win disappears: Wage gains wiped out axios.com
China joins Macron-led video call in rare economic talks ahead of G7 summit in France reuters.com
Chinese Vice Premier Zhang Guoqing will attend a video conference hosted by French President Emmanuel Macron on global economic imbalances on Thursday, days before G7 countries meet in France to discuss how to deal with waves of low-priced Chinese exports entering their markets.
Source: reuters.com
Trump Says ‘I Love the Inflation’ as Rate Reaches Three-Year High time.com
The President’s remark comes as the inflation rate last month hit a three-year high.
Source: time.com
The Real Problem With Global Trade foreignaffairs.com
Inside SpaceX’s Orbital Economy: AI Data Centers And Wireless Power forbes.com
From Starlink broadband and orbital data centers to space-based solar power, here’s what a $2 trillion SpaceX might actually build.
Source: forbes.com
KKR says AI productivity boom to keep on going — but warns of ‘extreme’ trend not seen since the 19th century cnbc.com
KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.
Source: cnbc.com
Local businesses roll out custom merch as World Cup crowds expected to boost economy 6abc.com
With Philadelphia projected to generate roughly $770 million in economic activity from upcoming FIFA World Cup matches, local businesses are preparing for an influx of fans by offering new merchandise infused with Philly flair.
Source: 6abc.com
SpaceX IPO vs. Rocket Lab: Which Space Economy Stock Is the Better Buy? finance.yahoo.com
