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Phil Rosen
07 Feb 2023, 21:25

US stocks slip as investors brace for Fed Chair Jerome Powell's speech

US stocks slip as investors brace for Fed Chair Jerome Powell's speech

US stocks slip as investors brace for Fed Chair Jerome Powell's speech

Powell is slated to give comments at the Economic Club of Washington, and onlookers will watch for insight into the Fed's inflation battle.

Nobel economist Paul Krugman says doomsday economic predictions were wrong, and the Fed risks a recession if it tries to respond to 'imaginary' stagflation
Jennifer Sor
07 Feb 2023, 21:24

Nobel economist Paul Krugman says doomsday economic predictions were wrong, and the Fed risks a recession if it tries to respond to 'imaginary' stagflation

The economic doomsayers who predicted a steep recession and runaway inflation have been proven wrong, Paul Krugman said.

The Iranian armada of 'ghost' ships carrying Russian oil is growing, evading the intensifying Western sanctions on Moscow crude
Zahra Tayeb
07 Feb 2023, 19:49

The Iranian armada of 'ghost' ships carrying Russian oil is growing, evading the intensifying Western sanctions on Moscow crude

Russia has been luring shipowners with premium rates to trade its oil, which is at least 50% above normal market rates, according to the FT.