A 50-cent Canadian dollar, $3,000 gold and housing market fixes: FP top videos

Fortune
China’s economy is headed for a ‘dead-end,’ and Beijing won’t do anything to stop it, scholar says
"Years of erratic and irresponsible policies, excessive Communist Party control and undelivered promises of reform have created a dead-end Chinese economy of weak domestic consumer demand and slowing growth."
Financial Post
Declining Canadian economy, dollar mean investors should add protection to their portfolios
Martin Pelletier: Canada could be in more trouble than many think
Financial Post
Don't ignore the threat to the loonie that's lurking across the pond, economist warns
Avery Shenfeld believes the greenback has been bid up to the point where it is overvalued
HuffPost
Trump's Praise Of This Potential VP Pick Could Be A Little Overdone
As the veepstakes intensify, North Dakota's economy may be a stumbling block for Doug Burgum.
Bloomberg
Europe’s Gas Supply Once Again Hinges on One Company
(Bloomberg) -- When the world’s top gas traders met in late April at a canal-side hotel on the outskirts of Amsterdam, the atmosphere was business-as-usual: coffee, croissants and wrangling over deals for the upcoming winter. Then came news of a leak at Europe’s biggest liquefied natural gas plant, located above the Arctic circle in Norway.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGameStop S
Reuters
Analysis: Gazprom loss shows struggle to fill EU gas sales gap with China
Kremlin-owned energy kingpin Gazprom, once Russia's most profitable company, could face a long period of poor performance as it struggles to fill the gap of lost European gas sales with its domestic market and Chinese exports. The company recently announced an annual net loss of $7 billion, its first since 1999, following a steep decline in trade with Europe. Gazprom's troubles reflect the deep impact the European sanctions have had on Russia's gas industry, as well as the limitations of Moscow's growing partnership with China.
Insider Monkey
15 Jobs That Will Be in Demand in 2030
In this article, we will look at the 15 jobs that will be in demand in 2030. We have also talked about the role of AI in hiring and jobs in general. If you want to skip our detailed analysis, head straight to the 5 Jobs That Will Be in Demand in 2030. In April […]
Reuters
Analysis-Surprise pick as Russia’s defence minister is tough-talking economist and Putin ally
MOSCOW/LONDON (Reuters) -With zero military experience, Andrei Belousov, a wiry white-haired economist and Orthodox churchgoer who enjoys rock climbing, seems an odd pick to be Russia's new defence minister at a time when Moscow is waging war against Ukraine. But six sources, some of whom have worked with Belousov, described a tough-talking and professional government insider who once led a campaign to wring more money out of big business for the state, proving he had sharp enough elbows to navigate the system. In wartime, Russia's defence minister must oversee vast financial flows and economic and industrial planning while leaving the day-to-day battlefield management to others.
Reuters
Putin taps economist to run defence, replacing Shoigu in unexpected move
MOSCOW (Reuters) -Russian President Vladimir Putin tapped a civilian economist as his surprise new defence minister on Sunday in an attempt to gird Russia for economic war by trying to better utilise the defence budget and harness greater innovation to win in Ukraine. More than two years into the conflict, which has cost both sides heavy casualties, Putin proposed Andrei Belousov, a 65-year-old former deputy prime minister who specialises in economics, to replace his long-term ally, Sergei Shoigu, 68, as defence minister.
Columbus Ledger-Enquirer
Why did Georgia’s tax revenues spiral downward again? Gov. Kemp issues warning
State officials warn it is likely revenues overall will be down when the fiscal year winds down June 30.
Bloomberg
Cooling Core Inflation Will Offer Minimal Relief to the Fed
(Bloomberg) -- Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price pressures will start to ease again after a string of upside surprises. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeThe core consumer pri
Reuters
The case for forever high interest rates
If financial markets are right, interest rates won't just stay high this year, but possibly forever. Yet making the right call on where rates settle is a huge challenge for policymakers and investors -- many economists reckon R-star is lower than before the great financial crisis, but disagree on how to calculate it, its current level and whether it is rising. BNY Mellon Investment Management's chief economist, Shamik Dhar, who reckons R-star has risen is "nervous that hasn't been fully priced into equity and property markets."
Reuters
Argentina monthly inflation seen back in single digits in April
Argentina's monthly inflation rate likely dipped back into single digits for the first time in half a year in April, analysts polled by Reuters estimated, amid a gradual slowdown in price rises as the country's economy stalls. The embattled South American country likely saw the consumer price index, or CPI, advance 9% in the fourth month of the year, the median response from 22 analysts showed, down from 11% in March and well below a peak above 25% in December. Libertarian President Javier Milei, an economist and former pundit, has sought to squeeze liquidity in the markets with tough austerity measures since taking office on Dec. 10, cutting state spending and stopping central bank funding of the Treasury.
Business Insider
From a 65% stock market crash to an imminent recession, here's a roundup of recent high-profile bear forecasts
While there's been a slew of bearish predictions over the past week, positive scenarios for the economy and markets remain. Choose your adventure.
Reuters
Fed to cut rates in September, say nearly two-thirds of economists: Reuters poll
The U.S. Federal Reserve will cut its key interest rate twice this year, starting in September, according to a stronger majority of economists polled by Reuters who broadly raised their inflation forecasts for a second consecutive month. Although Fed officials have reassured markets its next move will be a cut, insufficient progress bringing inflation down further alongside rising price expectations has stoked some doubts about whether the Fed will move at all this year. While both federal funds futures contracts and economists see a very low chance of rates remaining unchanged through year-end, economists are now more convinced the Fed will wait until September than they were about a month ago.
Reuters
Australia to boast budget surplus, eye inflation's earlier return to target
Australia's government is expected to boast another surplus in its annual budget due on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to afford more cost of living relief and industry incentives. Ahead of his third budget since the centre-left Labor government won power in 2022, Treasurer Jim Chalmers predicted inflation could ease to the central bank's 2-3% target band by the end of this year, helped by measures Canberra plans to introduce to cool prices. That would be a welcome surprise for the Reserve Bank of Australia (RBA), which does not expect inflation to return to target until late 2025.
Bloomberg
China to Start $138 Billion Bond Sale on Friday to Boost Economy
(Bloomberg) -- China will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds this week, as officials ramp up efforts to support the world’s No. 2 economy.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme ManiaPutin Names Economist as Defense Minister in Surprise ReshuffleThe central govern
Bloomberg
Macron Puts French Banks in Play With Plan to Transform Europe
(Bloomberg) -- President Emmanuel Macron said he would be open to seeing a major French bank being taken over by a European Union rival in order to spur the deeper financial integration he sees as critical for the bloc’s future prosperity. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme ManiaPutin Names Economist as Defense Minister in Surpr
Reuters Videos
What issues matter to South African voters?
STORY: South Africans will vote in a national election on May 29.And after 30 years in power, polls suggest that the African National Congress will lose its majority.For the first time since the end of apartheid, a coalition government is looking like a possibility.So, what are the key issues that matter to South African voters?:: JobsSouth Africa has one of the highest unemployment rates in the world.And young people account for more than half of the country's unemployed, with a rate of over 40%. The problem is worse now than it was at the end of apartheid.In 2023, the joblessness rate stood at 32.4%, nearly 10 points higher than in 1994.:: The economyThe root cause of the joblessness crisis is sluggish growth, with the economy barely growing in more than a decade.Economic growth has averaged 0.8% since 2012.The debt-to-GDP ratio is projected to reach 74.1% in the current fiscal year, up from 63.3% five years ago.:: Power cutsScheduled power cuts imposed by state utility Eskom are the bane of households as well as companies.Eskom has been struggling to keep its aging fleet of coal-fired power plants operational. It became dysfunctional in part due to a flourishing of corruption during the administration of former president Jacob Zuma.Now, the government is working to add generating capacity, largely through deals with private companies operating solar and wind projects. :: CorruptionMany South Africans believe that the greed of people in office is contributing to poor service delivery for everyone else.Known as "state capture", a 2018 inquiry found that high-level corruption had been systemic in government during Zuma's years in power. Zuma himself denies any wrongdoing.Since taking over, President Cyril Ramaphosa has said tackling corruption was a priority.But opposition critics say his administration has done too little to stop the rot.:: CrimeSouth Africa has one of the world's highest rates of violent crime.Poverty, unemployment and inequality have created fertile ground for crime to take root.That's compounded by the proliferation of organized criminal groups and a flood of illegal weapons in recent years.:: ImmigrationSince the end of apartheid, South Africa has attracted large numbers of refugees and immigrants.Over the years, anti-immigrant sentiment has risen.In April, the government approved a policy report on toughening up the country's immigration laws. It raised the possibility that South Africa could withdraw from United Nations conventions on refugees to deter quote "economic migrants disguising as asylum seekers".A bill based on the report is expected to be introduced in parliament should the ANC remain in power.
Reuters
RPT-UPDATE 2-China new bank loans fall more than expected in April
New bank lending in China fell more than expected in April from the previous month while broad credit growth hit a record low, the central bank revealed on Saturday, raising the prospect of more action to support the economy. "New loans, social financing, and M2 [money supply] slowed down more than expected in April mainly due to seasonal factors, sluggish real estate market and lagging government bond issuance," said Zhou Maohua, an analyst at Everbright Bank.

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Canadian dollar could sink to 50 cents decade from now

Gold could go as high as US$3,000

How Canada, Ontario got it right with the Honda deal

Ottawa’s moves to ease housing crisis

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