Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesWhen Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.The newly single parent reentered the workforce, only to be laid off from her...
Category: Economy
UK and Switzerland sign post-Brexit financial services deal
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal.Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.British Finance Minister...
UK inches closer to technical recession as growth is revised down
People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images)James Manning - Pa Images | Pa Images | Getty ImagesLONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter.U.K....
Fed’s favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank's goal.The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported...
Retail sales rose 0.3% in November vs. expectations for a decline
Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued easing.Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%, the Commerce Department reported Thursday....