BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager and EU industry chief Thierry Breton will hold a joint press conference at 1000 GMT, the European Commission said on Monday.
Sources said they will likely announce investigations into potential breaches of the Digital Markets Act (DMA) targeting Big Tech companies.
(Reporting by Bart Meijer)
Jamie Dimon and Jerome Powell are taking the European viewpoint on soaring debt levels in the U.S.
The US dollar has rallied all week, as the Bank of Japan decided not to do anything about the interest rate, and even said that the depreciation of the yen isn’t an issue.
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.
After preparing for a recession, and hoping for a soft landing, the U.S. might end up in an unexpected bout of stagflation.
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A wave of retiring baby boomers means the generation will soon reach "peak burden" on the US economy, economists say.
Modest progress on inflation is giving stocks a lift in Friday trading.
U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while. The report from the Commerce Department on Friday, which also showed strong consumer spending last month, offered some relief to financial markets spooked by worries of stagflation after data on Thursday showed inflation surging and economic growth slowing in the first quarter. "Markets should breathe a sigh of relief this morning," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
Dimon lauded President Biden’s infrastructure spending, but questioned whether some Americans are being left behind in the current economy.
The Australian dollar has seen a lot of noisy behavior, as recovery was on the menu this past week. At this point, we are in the middle of the overall consolidation area that has been so important in this pair.