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The Latest Breaking News from Economy

US Bank Profits Decline Due to Insurance Fund Charges

Learn why big U.S. bank profits have taken a hit due to charges on insurance funds and shrinking lending margins, impacting the economy.

Top News

Naval Attacks In Red Sea Force Tesla To Pause Berlin Gigafactory For Two Weeks

The conflicts in the Red Sea and attacks on transport vessels are starting to take effect on the European economy, which sources components from Asia.

InsideEVs

US Wholesale Inflation Falls, Indicates Easing Price Pressures

Wholesale inflation in the US fell in December, signaling easing price pressures. The report suggests slowing inflation and a resilient economy.

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Oil prices hit $80 a barrel as fears grow over Red Sea disruption to trade

Experts warn of economic impact of sustained shipping attacks and Middle East tensions

The Guardian - UK

Wholesale inflation in US declined last month, signaling that price pressures are still easing

Wholesale inflation in the United States fell in December, further evidence that price pressures in the economy are easing

The Independent UK

Top 3 China Picks for Potential 2024 Success

Despite several obstacles, the Chinese economy has exhibited commendable steadfastness in recent years. Given the nation's determined efforts to sustain economic buoyancy this year, quality China stocks Hello Group (MOMO), JD.com (JD), and Alibaba Group Holding (BABA) could be solid buys for 2024. Read on….

StockNews.com

UK interest rate cuts cannot come soon enough for economy and Jeremy Hunt

Modest GDP growth in November gives chancellor little to celebrate when three-month figure shows contraction

The Guardian - UK

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China's 2023 Bank Lending Reaches Record High amidst Economic Struggles

China's bank lending in 2023 hits a record high, illustrating the country's efforts to revive its struggling economy, despite ongoing challenges.

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S&P Futures Tick Lower Ahead of Key U.S. PPI Data and Big Bank Earnings

March S&P 500 E-Mini futures (ESH24) are trending down -0.12% this morning as investors geared up for crucial U.S. PPI data and earnings from big U.S. banks.

Barchart

S&P Futures Tread Water Ahead of Key U.S. PPI Data and Big Bank Earnings

March S&P 500 E-Mini futures (ESH24) are trending up +0.02% this morning as investors geared up for crucial U.S. PPI data and earnings from big U.S. banks.

Barchart

BOJ confident inflation will stay near target, sources say

The Bank of Japan is expected to maintain its inflation target forecast, signaling confidence in the country's economy despite challenges.

Top News

The war in Gaza has taken an economic toll on tech, Israel's most productive sector

Reservists have been called into military service, leaving tech companies understaffed. The tech sector employs about 12% of Israel's workforce and accounts for half of the country's exports.

WEKU

Surge in German Insolvencies Signals Economic Turmoil at Year-End

Discover how German insolvencies have surged in late 2023, affecting the country's economy. Learn about the implications of this increase.

Top News

Government fears UK economy could shrink in face of attacks on shipping in Red Sea

US and UK launch airstrikes against Houthis, which has targeted international cargo ships in Red Sea

The Independent UK

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The Guardian - UK

UK economy returns to growth amid Black Friday spending lift

GDP rises by 0.3% in November after October decline, with car leasing and video games fuelling bounceback

Top News

UK Economy Grows in November, But Near Recession Territory

The UK economy showed some growth in November, but is on the brink of recession, highlighting a precarious state of affairs for Britain's economic future.

The Independent UK

Britain’s economy grows by more than expected in hope to avoid recession

GDP rose by 0.3 per cent in November – but opposition blames government for ‘dismal’ growth

Evening Standard

GDP: Britain's economy grew 0.3% in November but ONS admits 'little growth' overall

Economists had expected growth of 0.2%, but the figures gave little cause for celebration with the risk of an end-of-year recession still on the cards

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The Guardian - UK

UK ‘still at risk of technical recession’ despite November growth; oil price hits $80 after Yemen airstrikes – as it happened

UK growth rebounded in November, but economists warn that a second quarterly contraction is still a risk

Top News

China central bank to cut rates, boost liquidity to aid economy

China's central bank is expected to lower its key interest rate and increase liquidity on Monday in an effort to support the country's struggling economy.

Top News

Japan's December CPI hits 18-month low, strengthens steady BOJ view

According to a Reuters poll, Japan's December Consumer Price Index (CPI) is expected to reach an 18-month low, reinforcing a steady outlook on Bank of Japa...

Top News

China's Economy Stagnates as Inflation Falters and Deflation Persists

China's consumer prices and factory-gate deflation persist, indicating a decline in the country's economy. Find out more about the current state of China's...

International Business Times

Biden Sells Economic Strength, But Voters Aren't Buying Yet

US President Joe Biden has good news to sell on the economy as he seeks reelection in November -- but voters don't seem to be buying it.

Top News

Surge in Auto Insurance Costs Fuel US Inflation Concerns

Discover how the surge in auto insurance costs has contributed to rising inflation in the United States, impacting consumers and the economy.

Top News

Turkish Central Banker Vows to Achieve Disinflation, says Sources

This article discusses the determination of Turkish central banker Erkan to achieve disinflation, highlighting the country's efforts to attract and reassur...

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