Business

Further disregarding inflation will push the global economy to a major crisis, according to the latest report issued by Deutsche Bank economists who point the finger at the US money-printing policies.

Healthcare and utilities sectors are most targeted

Biden, G-7 leaders embrace 15% global minimum corporate tax rate

Oil prices continued to grow on Friday, as the International Energy Agency (IEA) said that global crude demand would return to pre-Covid-19 pandemic levels by the end of next year.

Inflation took a fresh swipe at American consumers in May, with the consumer price index surging by 5 percent over the past year, the biggest annual spike in the measure since 2008.

The top Chinese legislature has passed a bill aimed at protecting China’s core interests, its businesses and officials, from foreign sanctions amid an onslaught of economic attacks from the US and its Western allies.

As was the case in March, GameStop’s results are likely to have less of an impact on how the stock is traded.

After earlier this week US Secretary of State Antony Blinken somewhat pessimistically portrayed that it remains "unclear" whether Iran is actually willing to restore the nuclear deal, prompting angry words from Foreign Minister Javad Zarif who again pointed out that it's only Washington not in compliance due to Trump-era sanctions which the Biden White House refused to "bury" in order to make a renewed deal possible, Blinken's newest statements are pouring more cold water on all the recent speculation that prematurely hailed a Vienna agreement as imminent.

The most-shorted meme stocks continued to charge higher today...