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The Latest Breaking News from Economy

Union Finance Minister Sitharaman allays concerns over impact of AI on jobs

Union Finance Minister Nirmala Sitharaman reassures that AI will create new domain expertise & jobs, not replace them. She encourages students to use AI to exploit its capacity & benefit the economy.

The Hindu

Stock market today: Stocks drift on the final trading day of a surprisingly good year on Wall Street

Stocks are drifting on the final trading day of a year of surprisingly robust gains for Wall Street

The Independent UK

Which Mutual Funds Are Positioned Perfectly For 2024?

Positive economic events set a bullish storyline for investors in the best mutual funds in 2023.

Investors Business Daily

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Five charts explaining the UK’s economic prospects in 2024

As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway voters’ intentions?

The Guardian - UK

Kenya's Inflation Eases to 6.6% YoY in December

Kenya's inflation rate sees a slight decline in December, easing to 6.6% YoY. Discover how this impacts the economy and consumer prices.

Top News

What Could Trigger The First Interest Rate Cut In 2024 — Clues From Greenspan's Fed

Fed Chair Jerome Powell may find himself in a situation similar to the late 1980s in the spring of 2024, triggering the first interest rate cut if the labor market weakens and unemployment rises.

International Business Times

China cracks down on negativity over economy in bid to boost confidence

Record high youth unemployment and struggling property sector are among increasingly sensitive topics

The Guardian - UK

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South Korea's December Inflation Falls Short, Clocks +3.2% YoY

South Korea's consumer inflation in December came in at +3.2% YoY, disappointing expectations. Find out why this might have economic implications.

Top News

Brazil's November Job Creation Disappoints, Falls Short of Expectations

Oops, Brazil's formal job creation didn't quite live up to the hype in November. Find out why the economy fell short of expectations.

Top News

Why corporate bankruptcies were up in 2023 despite the improving economy

Hundreds of debt-saddled companies filed for bankruptcy this year, as the era of easy money caught up to corporations. High interest rates mean banks aren't extending lifelines.

WEKU

Haddad Unveils Creative Tax Tweaks for Brazil's Balanced Economy

Get ready for Brazil's tax tweaks roller coaster! Haddad brings some creative moves to balance the public accounts and give the economy a much-needed boost.

Top News

Guinea's Economy Struggles After Fuel Depot Fire

Almost two weeks after a huge fire in Guinea's main fuel depot brought death and destruction, anger is growing as the economy is reeling, with inflation rising, petrol rationed and no trucks moving merchandise.

International Business Times

The global economy in 2024: Key clues to watch out for

US interest rates, oil prices and the Chinese economy will determine the global economy next year.

Al Jazeera

Mixed Preholiday Trading as Wall Street Eyes Rate Cuts

Get the latest updates on premarket trading in a low-volume holiday week on Wall Street. Will the market continue its winning streak in 2023? Find out here!

Top News

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Top News

Stocks Rise as Markets Hold Gains, S&P 500 Nears All-Time High

Get the latest updates on the stock market as stocks edge higher on Wall Street. Markets remain steady as the year comes to a close. Stay informed with AP.

The Independent UK

Stock market today: Stocks edge higher on Wall Street in muted trading

Stocks edged higher on Wall Street in what’s expected to be another quiet day between the Christmas and New Year holidays

International Business Times

US Stocks And Bonds Head Into The New Year With Plenty Of Tailwinds

U.S. stocks and bonds are heading into the new year with plenty of tailwinds that could broaden the rally, though risks to the downside remain.

The Independent UK

US applications for jobless benefits rise but labor market remains solid

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy

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Fortune

British startups should be kept on home soil, says top bank boss, who notes U.S. buyouts are getting all the glory with none of the risk

“We don’t want to be an incubator economy taking all the risk of these very, very tiny companies, and then not able to capitalize on that,” says BBB’s Stephen Welton.

Evening Standard

UK economy set to escape 2024 'hard landing' in boost for Sunak

After a brush with recession, consumers are set to spur a rebound

The Guardian - UK

UK dealmaking shrinks in 2023, but economy predicted to ‘turn corner’ in 2024 – as it happened

PwC predicts inflation will fall near ‘normal levels’ in 2024, but corporate insolvencies are forecast to jump

The Independent UK

Stock market today: Asian shares power higher following slight gains on Wall Street

Asian shares have powered higher after Wall Street logged modest gains in this holiday-shortened week

Top News

China's Factory Activity Contracts for Third Consecutive Month

China's factory activity likely contracted for the third consecutive month in December, highlighting ongoing challenges for the country's economy - Reuters...

The Independent UK

US companies are picky about investing in China. The exceptions? Burgers, lattes

It was a tumultuous 2023 for the Chinese economy

Top News

Economy in Decent Shape but Americans Not Satisfied: Expert

Americans are spending more this holiday season, but the economy still has its challenges. Delve into the state of the US economy with expert insights and ...

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