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U. S. Monthly deficit shrank versus 2020, as government collected more revenue and pulled back on spending.As lawmakers prepare for another hike in the debt ceiling, it remains important to explain why it is economically feasible for the U.S. to keep borrowing, as long as interest rates stay low, partly …

The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

A strong blow has beaten Britain’s hopes to grab a slice of the market for electric vehicle batteries after one of the biggest chemical companies said it would give up on developing the technology.Johnson Matthey, a member of the FTSE 100, announced plans on Thursday to exit the battery materials …

Global shares were mixed Thursday over a worrying report on U.S. inflation, released Wednesday, that slammed into the bond market and knocked stocks lower on Wall Street.France’s CAC 40 edged up 0.1% to 7,050.48 in early trading, while Germany’s DAX lost 0.2% to 16,033.55. Britain’s FTSE 100 added 0.3% to …

U. S. shares opened mostly higher on Wall Street Thursday a day after a surge in inflation knocked the market lower. Big tech companies had some of the strongest gains in the early going. The S&P 500 was up 0.2% and the tech-heavy Nasdaq rose 0.7%.The Dow Jones slid 0.2%, …

There were no major market movers during the European session. The dollar jumped to its highest level in 16 months against the euro and other major currencies on Thursday, while the yen fell towards its lowest levels in several years, after the highest inflation reading in the United States in …

On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in the fourth quarter of this year due to high energy prices but kept its expectations of strong demand growth above pre-pandemic levels in 2022. OPEC said in a monthly report that …

US stock futures rose marginally in trading on Thursday, after a massive sell-off in US technology shares. The Dow Jones Industrial Production Index futures rose 41 points, or 0.11%, to 36,033 points, the S&P 500 index rose to 4,656 points, an increase of 14 points, or 0.3%, and the Nasdaq …

The European Commission expects the eurozone economy to grow by 5% in 2021, 4.3% in 2022, and 2.5% in 2023. According to the Commission, the labor market in the euro area is witnessing a remarkable improvement with the creation of 1.5 million new jobs, and the labor market will complete …

Japanese stocks closed higher on Thursday as investors were selective and picked undervalued stocks compared to their latest expectations, while concerns about rising costs weighed on buying. The Nikkei average rose 0.59 percent to 29,277.86 points, after losing 0.2 percent earlier in the session, affected by the decline in US …