The so-called K-shaped economy is becoming more pronounced, new data shows. In the aftermath of the Covid pandemic, the K has been used to illustrate Americans’ diverging economic experiences: Higher-income households are increasingly better off, while lower-income households are falling further behind. A new report by credit reporting bureau TransUnion found that while credit conditions have improved…
Fuel prices are displayed at a service station in Paris showing high gasoline and diesel costs due to the war in Iran, on April 8, 2026. Stephane Mouchmouche | Afp | Getty Images The euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data showed on Thursday, as…
Israeli Soldiers secure the opening of a tunnel near the border with Israel on December 15, 2023, northern Gaza Strip. Amir Levy | Getty Images Earlier this month, the Bank of Israel slashed its growth forecast for this year, citing the hostilities in the Middle East. But, remarkably for a country that has been on…
The Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday. In what could be Jerome Powell’s last as chair before President Donald Trump’s yet-to-be-confirmed nominee Kevin Warsh takes the helm, central bankers maintained the federal funds rate in a target range of 3.5% to 3.75%. Inflation has surged since the war with Iran…
Mounted police officers sit in outside the Royal Exchange and the Bank of England in London on June 17, 2020. TOLGA AKMEN | AFP via Getty Images Europe’s central banks are in focus this week as the European Central Bank and Bank of England release their latest monetary policy decisions against a backdrop of rising…
The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike. Javier Ghersi | Moment | Getty Images Japan’s central bank kept its policy rate steady at 0.75% on Tuesday, while revising its inflation estimates upwards as the Iran war raises…
A shopper carries a Hollister bag at a shopping mall in Dayton, Ohio, Oct. 21, 2025. Kyle Grillot | Bloomberg | Getty Images The Federal Reserve is on the cusp of a “regime change” after the Department of Justice dropped its criminal investigation into Fed Chair Jerome Powell, eliminating a potential obstacle to confirming President Donald Trump’s nominee, Kevin Warsh,…
A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul Jung Yeon-je | Afp | Getty Images South Korean stocks have been surging to record highs over the past year, but that hasn’t dimmed the allure of U.S. equities for its residents. In 2025, South Korea was the…
U.S. President Donald Trump makes remarks as he hosts NCAA champion athletes during a NCAA Collegiate National Champions Day event in the State Dining Room at the White House on April 21, 2026 in Washington, DC. Alex Wong | Getty Images President Donald Trump’s overall — and economic — approval ratings plunged in the latest CNBC…
An Iranian salesperson sits beside a portrait of Iran’s late Supreme Leader Ayatollah Ali Khamenei at his fruit shop in the Shahid Boroujerdi residential complex in southern Tehran, Iran, on April 14, 2026. Morteza Nikoubazl | Nurphoto | Getty Images The war in the Middle East is plunging Iran’s already fragile economy into freefall. Tehran’s…
