Yahoo Finance US economic growth for last quarter is revised up slightly to a 1.4% annual rate
WASHINGTON (AP) — US economic growth for last quarter is revised up slightly to a 1.4% annual rate.
WASHINGTON (AP) — US economic growth for last quarter is revised up slightly to a 1.4% annual rate.
"Two years ago, workers who lost their jobs could simply walk across the street to find new work. That has become increasingly difficult," BCA said.
Citi sees the Fed slashing rates from 5.25%-5.5% now to 3.25%-3.5% by July 2025.
(Bloomberg) -- Of the countless meetings that China’s Communist Party holds regularly, the Third Plenum stands out for its potential impact on the world’s second-largest economy. The typically once-in-five-years conclave of top officials usually deals with major economic and political policy changes. Paramount leader Deng Xiaoping famously used the 1978 event to announce China’s opening up and pivot to allow market forces to play a role in what was then a Soviet model of central planning. On Jul
While the current jobless rate is still historically low, its rate of increase could be a sign of deteriorating economic conditions.
A former adviser to the People's Bank of China has said the country's central government should issue more treasury bonds to replace local debt, a call paired with entreaties for deeper reforms to address weak demand ahead of a crucial economic meeting this month. According to Li Daokui, director of the Academic Centre for Chinese Economic Practice and Thinking at Tsinghua University, high local debt loads have already dampened economic growth. Li, who was an adviser to China's central bank betw
Biden hits the campaign trail amid calls to abandon presidential race, Houston coast braces for Hurricane Beryl, and more news to start your day.
New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Credit card delinquencies and debt are also on the rise.
Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt and currency markets on edge. Prabowo and his team have tried to distance themselves from any suggestions of fiscal profligacy, and to assure market participants the incoming government respects the legal debt limits that cap its budget deficit at 3% of economic output. But for a market just getting accustomed to stability and recognition for fiscal prudence under current Finance Minister Sri Mulyani Indrawati, the mere suggestion of heavy spending has been unsettling.
(Reuters) -German exports fell more than expected in May due to weak demand from China, the United States and European countries, data from the federal statistics office showed on Monday. Exports fell by 3.6% in May compared with the previous month, almost double the 1.9% decrease forecast by analysts in a Reuters poll. The foreign trade balance showed a surplus of 24.9 billion euros ($26.9 billion) in May, following 22.2 billion euros in April and 16.8 billion euros in May of the previous year.
(Bloomberg) -- Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment.Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossHedge Funds That Piled Into Big Tesla Short Stung by RallyBoeing to Plead Guilty to Fraud for Violating Deal Over 737 Max CrashesFrench Left Set for Shock Victory Ov
One member of the Bank of England's committee deciding rates warns inflation could go back up.
The global temperature in June was record warm for the 13th straight month and it marked the 12th straight month that the world was 1.5 degrees Celsius (2.7 degrees Fahrenheit) warmer than pre-industrial times, according to the European climate service Copernicus.
Canada's longest river is at historically low levels, stranding communities that rely on it for essential goods and alarming First Nations along its banks who have never known the mighty Mackenzie to be so shallow.
The Miu Miu paisley-print miniskirt, adorned in a rich chocolate brown and white palette, fresh from the runway, is quickly becoming a must-have for fashion enthusiasts everywhere - See Photos
This was not very subtle.
With the champagne on ice, they thought they were on the brink of victory - but it didn't happen.
“Don’t talk like that,” the former president’s aide was told on Newsmax.
“Honestly, I thought there might be a little more legwork involved” in debunking the former president’s comment, said the MSNBC host.
The 'Real Housewives of New Jersey' star poked fun at her editing fail by reposting fans' versions of her image with Pippen in London, Rome, Cairo and China
Critics said the Texas Republican’s “stay safe” alert only served as a reminder of one thing.