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ECB chief economist: It will choose years for ECB to achieve inflation target
World
U.S. 30-year Treasury yield jumps 9 basis points as trade war fears reignite
Traders work on the floor of the New York Stock Exchange. NYSE U.S. Treasury yields jumped on Tuesday as investors weighed renewed tariff threats from Washington that revived fears of a trade war with Europe and spurred a flight from U.S. assets. Yields on the benchmark 10-year Treasury were last seen trading 6 basis points […]
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World
AI impacting labor market ‘like a tsunami’ as layoff fears mount
Thana Prasongsin | Moment | Getty Images After a year marked by AI-driven layoffs, influential leaders and top executives are now warning that we can expect to see a huge ramp up in anxiety around the technology in 2026. Kristalina Georgieva, managing director at the International Monetary Fund, said Tuesday that AI is “a major […]
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World
‘Stay calm’ and ‘this is the new normal’: What banking CEOs are saying about the global market sell-off
Bank chiefs called for calm on Tuesday as stocks plummeted after President Donald Trump’s threats of fresh tariffs. The pan-European Stoxx 600 dropped about 1.2% in morning trade Tuesday — with the continent’s major bourses and most sectors heavily selling off — after Trump floated a potential 200% levy on French wine and champagne. In […]
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