Economic news

Stocks surged in July despite growing recession fears and dismal economic data. The rally was fueled by investors betting that the US economy would collapse and the Fed would cut rates. Low rates drive up stock prices, which means bad economic news is actually good for investors. Loading Something is loading. The economy is shrinking …

Chinese factory activity fell unexpectedly in July, according to new data – a sign that any economic rebound from the country’s disruptive covid lockdowns and its tumultuous real estate sector remains tenuous at best. The official index of manufacturing purchasing managers slipped to 49.0 in July from 50.2 in June, well below what analysts had …

Treasurer Jim Chalmers has revealed he will deliver a grim assessment of the state of the national economy on July 28 when he delivers a statement to Parliament. Mr Chalmers held a press conference on Monday afternoon where he warned that the global economy was in a “dangerous” and “difficult” situation. “This combination of inflation …

Monday July 11, 2022 – 22:22 UTC Argentina’s Economy Minister Silvina Batakis warned on Monday that President Alberto Fernández’s government “will not spend more than we have”, while launching a series of measures aimed at curbing inflation and restoring federal reserves. Monday July 11, 2022 …

Original post (Policy Center for the New South) In the first half of this year, US stock markets suffered a drop not seen in over 50 years. The S&P 500 index on Thursday June 30 was down more than 20% from January, a decline not seen since 1970. The S&P 1500 index, constructed by Bloomberg …

You know what they say about the best-laid plans going bad, well, with what’s happened in the financial world this year, that’s what’s happened to countless retirement plans. Take the example of a hypothetical retiree who, until recently, thought she was ready. Our example investor has postponed formalizing her retirement income plan until she begins …

John Bishop is a veteran politician from Wellington, who helped found the New Zealand Taxpayers Union. He never joined any political party. He is the father of National List MP Chris Bishop. OPINION: Crisis: A period of intense difficulty or danger. Looking at the media headlines over the past two weeks, we have had, or …

Oregon’s unemployment rate fell to 3.6% in May from 3.7% in April, touching its lowest rate in more than two years, a positive sign in an economy struggling with runaway inflation. May’s unemployment rate is just above Oregon’s record high of 3.4% set in November 2019, the Oregon Department of Employment said. It matched the …

The “Kudlow” host explains why high inflation usually ends in a recession and offers solutions to Biden’s failing economic policies. So all eyes are on the Fed today, which raised its target rate by 75 basis points as everyone expected, as they disclosed it to the Wall Street Journal on Monday. Here is the worst …

This article was written exclusively for Investing.com We finally got some good inflation news last week. Money supply M2 declined in April from March, to the lowest rolling 3-month rate of change since 2018. Although the rolling 3-month average is turning around a bit – as I said, it was lower than that too recently …

US dollars: Jun ’22 USD is down to 101.860. Energies: July 22 crude is up at 111.33. Financial: The June 22 30-year bond is up 7 ticks and trading at 142.02. Clues: The June 22 S&P 500 emini ES contract is 40 ticks higher and trading at 3987.75. Gold: The Jun’22 Gold contract is trading …

In another sign that the housing market is now slowing and taking the economy with it, builder confidence fell sharply in May as mounting affordability challenges in the form of rapidly rising interest rates, Double-digit price increases for materials and home-price appreciation are weighing on buyer demand. Builder confidence in the market for newly built …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this jumpsuit evokes memories of the 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gas prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. Sometimes global economic forces converge just like weather systems to create a perfect …

St. Louis Post-Dispatch US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

St. Louis Post-Dispatch US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s …

Conservatives could barely contain their joy Thusday Morning when news broke that the US economy had contracted 1.4% on an annualized basis in the first quarter of 2022. A declining gross domestic product may be a sign of an impending recession. But when combined with already high inflation, something worse becomes possible: stagflation. This combination …

US gross domestic product decreased by 1.4% in the first quarter, meanwhile, inflation continued to soar. For older Americans, this jumpsuit evokes memories of the 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gas prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after …

Sen. Rick Scott, R-Fla., speaks during the Conservative Political Action Conference (CPAC) on Saturday, February 26, 2022 in Orlando, Florida. Jean Raoux PA WASHINGTON The White House is stepping up efforts to elevate Sen. Rick Scott’s tax proposal ahead of the midterm elections. Democrats see the tax hike proposal from Scott, R-Florida, the Republican National …

President Biden and other Democrats are facing a hard truth: They are being blamed for what is bad in the economy and getting no credit for what is good. The dynamic could spell the end of the elections in November. The Democrats’ failure to get voters to recognize the benefits of the economy is not …

WASHINGTON—At the White House on Friday, there was a contrast between the gist of the message and the attitude of the messenger. When US President Joe Biden spoke about the latest employment figures, his words were almost reminiscent of his predecessor’s incessant boasting. “Our recovery has now created 7.9 million jobs – more jobs created …

In other economic news, Oil briefly bottomed today $97.78 per barrela day after President Joe Biden made the aggressive decision to release 1 million barrels of oil per day from US strategic reserves for the next six months. “The magnitude of this release is unprecedented: the world has never had a release of oil reserves …

First appeared at Policy Center for the New South The heavy financial sanctions against Russia after the invasion of Ukraine sparked speculation that militarizing access to dollar, euro, pound and yen reserves would trigger a split in the international monetary order. China would tend to strengthen its own international payments system and accelerate the establishment …

OCEANSIDE, CA – February follows the recent trend of many new businesses opening or soon to arrive in Oceanside. The patch has you covered with the latest Economic Development News courtesy of the City of Oceanside. UNDER CONSTRUCTION the Freeman Collective is a project of FABRIC which will transform two buildings at 510 Vista Way …

This column is a list of signiFsignificant economic events of the last year. 1. In the world’s 50 largest economies in terms of GDP size, the five worst performing and deepest GDP contractions in 2020 were: Spain with -10.8%, followed by Argentina -9 , 9%, of the United Kingdom -9.8%, of the Philippines -9.6%, and …

This column is a list of signiFsignificant economic events of the past year. 1. Among the 50 largest economies in the world by GDP size, the five worst performing and deepest GDP contractions in 2020 were: Spain with -10.8%, followed by Argentina -9 .9%, UK -9.8%, Philippines -9.6% and Italy -8.9%. Final 2020 data with …

OCEANSIDE, CA – As the new year begins, there is good reason to be optimistic about Oceanside’s economic prospects. As 2021 presented many challenges for the business world, many new businesses opened and major projects were completed, which created jobs and helped maintain a robust economy. The long-awaited resorts, the Mission Pacific Hotel at 201 …

Riga, December 27 (EFE) .- The rising cost of electricity that has impacted inflation, tax evasion and EU post-covid plans have marked the economic situation in the Baltic countries in 2021 . HISTORICAL PRICES OF ELECTRICITY With the onset of cold weather, electricity prices in the Baltic countries soared, which in turn fueled inflation: in …

KBC Mobile now adds daily financial and economic news to its services. The economic newspapers De Tijd / L’Echo, VRT NWS and KBC economists provide KBC Mobile users with a selection of topical articles. Monday, December 20, 2021 – Consumers are increasingly looking for understandable and reliable sources of information to improve their knowledge of …

A point on the important news in the economic field this Monday, December 20. Monaco Boost – A new meeting was held last week to allocate offices and workspaces to the Business incubator. The new selected companies will be contacted shortly and will be able to move into the incubator at the end of December, …

RICHMOND, Va. (WWBT) — With the COVID-19 pandemic still looming, the mayor of Richmond has his sights set on a new year and what it could mean for the capital. Stoney says Richmond is still emerging from the effects of the pandemic. “We are looking forward to 2022. I am optimistic. I am confident that …

Finance for non-financial It is convenient to have under constant control the document which details the pecuniary result of our work Updated on Monday, December 13, 2021 – 01:01 AM Supreme blessing at the end of the month, the payroll in which they detail the result of the sweat of our brow is however a …

In the World Economic Outlookpublished on October 12, the International Monetary Fund (IMF) slightly lowered its forecast for global economic growth this year to 5.9%, while maintaining a forecast of 4.9% for 2022. It also highlighted the “divergence” the pace and depth of economic recovery in different countries. Two factors are highlighted to explain the …

BNP Paribas, Crédit Mutuel and Société Générale plan to combine their distributors BNP Paribas, Crédit Mutuel and Société Générale are currently studying a project to pool their network of automatic teller machines (ATMs), while the use of cash continues to decline (-23% of withdrawals in 2020). The three networks have nearly a third of the …

The Pandora Papers do not represent the broader offshore financial industry which generally helps people seek increased flexibility and better returns. Over the weekend, around 12 million confidential documents from world leaders, politicians and very wealthy people were leaked, including former British Prime Minister Tony Blair, King of Jordan, ruling family in Azerbaijan Aliyev , …

(MENAFN- Baystreet.ca) China mixed on economic news Advertising Stocks in Asia-Pacific were mixed on Tuesday, as data showed slower growth in Chinese factory activity in August.The Nikkei 225 climbed 300.25 points, or 1.1%, to 28,089.54. The Japanese yen was trading at 109.84 per dollar, lower than the levels below 109.8 seen against the greenback yesterday.In …

Sierra Leone Telegraph: August 4, 2021: A new professional network is launched today (August 4, 2021) by the Sierra Leone Journalists Association (SLAJ) with the Sierra Leone Journalists Union (SLRU) as an implementing partner, in the aim of stimulating the production of independent information on trade, financial and economic issues in Sierra Leone, bringing together …

We are getting more good news on how the economy is rebounding from the depths of the COVID-19 pandemic. According to the third-quarter economic outlook report released Wednesday by the Equipment Leasing & Finance Foundation, annual U.S. GDP growth is expected to exceed 6% this year, with investment in equipment and software expected to rise …