David McHugh

Stay informed with David McHugh’s coverage and analysis for Fortune.

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  • Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, April 11, 2024. The ECB held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts. Photographer: Alex Kraus/Bloomberg via Getty ImagesFinance

    Interest rates are almost definitely about to head down—in Europe

    By David McHugh and The Associated Press
  • pump jack and oil barrelsFinance

    OPEC+ extends oil production cuts through all of 2025 to help prop up weaker crude prices

    By David McHugh and The Associated Press
  • 16 May 2024, Hesse, Frankfurt/Main: The headquarters of the European Central Bank (ECB) in Frankfurt’s Ostend district rises imposingly into the sky. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images)Finance

    Inflation rose in Europe in May but its central bank is still set to cut interest rates before the Fed

    By David McHugh and The Associated Press
  • Guillaume Faury, chief executive officer of Airbus SE, during a full year earnings news conference in Toulouse, France, on Thursday, Feb. 15, 2024. Airbus said it plans to hand over about 800 aircraft this year, pushing output of its bestselling A320 family of single-aisle jets at a time when arch-rival Boeing Co. is stuck in crisis mode after a near-disastrous accident early last month. Photographer: Matthieu Rondel/Bloomberg via Getty ImagesFinance

    Why Airbus won’t expand its lead on Boeing even as its biggest rival stumbles

    By David McHugh and The Associated Press
  • Christine LagardeFinance

    European Central Bank declines to cut rates because ‘domestic price pressures are strong and are keeping services price inflation high’

    By David McHugh and The Associated Press
  • 25 March 2024, Hamburg: Customers shopping in an ALDI discount supermarket. Photo: Markus Scholz/dpa (Photo by Markus Scholz/picture alliance via Getty Images)Finance

    Inflation that squeezed European shoppers fell more than expected in March to 2.4%, as grocery cost spikes eased

    By David McHugh and The Associated Press
  • Vladimir PutinFinance

    Putin’s inconvenient truth for the west: Despite 7% inflation, Russia’s economy is a ‘big and resilient animal

    By David McHugh, Vladimir Isachenkov, and others
  • Christine LagardeFinance

    Europe is losing hope of a spring rate cut even with inflation far off peak

    By David McHugh and The Associated Press
  • Vladimir PutinFinance

    European inflation has now fallen from its 10.6% peak after the Russian invasion of Ukraine to just 2.6%

    By David McHugh and The Associated Press
  • Robert HabeckFinance

    Germany just slashed its growth forecast, saying ‘the economy is in troubled waters’

    By David McHugh and The Associated Press
  • Christine LagardeFinance

    Europe reports economic growth rate of zero for the last 3 months of 2023

    By David McHugh and The Associated Press
  • Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Dec. 14, 2023. The European Central Bank kept interest rates on hold for a second meeting with inflation tumbling, but said it will step up its exit from 1.7 trillion ($1.8 trillion) of pandemic-era stimulus. Photographer: Alex Kraus/Bloomberg via Getty ImagesFinance

    Sputtering European economy seen pushing ECB head Christine Lagarde to resist rate cuts—for now

    By David McHugh and The Associated Press
  • Kanye WestRetail

    Adidas still has $320M of unsold Yeezy shoes after breaking with Kanye over antisemitic comments and is considering writing them off: ‘That is financially the worst case’

    By David McHugh and The Associated Press
  • Oil pumpFinance

    As Israel-Hamas war sends oil prices as high as $96 per barrel, IEA head says it’s ‘definitely not good news’ for the market

    By Matthew Daly, David McHugh, and others
  • FILE – International Monetary Fund Director of the Research Department Pierre-Olivier Gourinchas speaks at a news conference during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, on April 11, 2023. The world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts, the International Monetary Fund warned Tuesday Oct. 10, 2023. (AP Photo/Jose Luis Magana, File)Finance

    IMF cuts its 2024 growth forecast as world economy loses momentum in the face of high interest rates and Russia’s war in Ukraine

    By Paul Wiseman, David McHugh, and others