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The Latest Breaking News from Economy

Experts call for a robust cybersecurity strategy for Vizhinjam seaport

Vizhinjam Seaport needs proactive cybersecurity measures to protect from physical and cyber threats. Seminar organised by University of Kerala discussed threats and opportunities associated with port sector. Blue economy has immense possibilities for Kerala, with 66% of land close to sea and two major ports. Capacity building of fishing community…

The Hindu

'The era of “do nothing, the boss can’t fire me" is over' says Ivy League professor Jeremy Siegel, as workers face down fear of layoffs

Professor Jeremy Siegel said staff looking over their shoulders at laid off peers may have actually proved useful to the economy.

Fortune

‘Strategic objectives not achieved’: Has Ukraine’s counteroffensive failed?

Ukraine hoped to unleash punishing counterattacks on Russian troops. Experts explain why the push fell short.

Al Jazeera

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We know rate hikes lead to higher mortgage payments – but they affect Australia’s economy in myriad other ways

What prompted the RBA’s Cup Day interest rate decision? The answer in a word is inflation far exceeding expectations

The Guardian - AU

Bumble undergoes a CEO shakeup as recession fears make singles forego pricey dating apps and the company's stock tanks 80% in 2 years

Dating apps face major headwinds as consumers cut back due to fears about the economy.

Fortune

Stocks Strengthen on Hopes Fed Rate Hikes Are Done

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. Stocks today extended last week’s rally, with the Dow...

Barchart

Wall Street titans Larry Fink and Jamie Dimon say ‘rising fear and less hope’ are pushing the chances of a recession higher

JPMorgan CEO Dimon warned that the world is facing the “most serious” geopolitical instability since 1938.

Fortune

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Concerns over Europe economy as poll finds almost 23% of Spaniards have anxiety over cost of living – as it happened

Respondents to survey for newspaper El País and radio network SER also saw inflation as a bigger global threat than war, energy instability, terrorism and the climate crisis

The Guardian - UK

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

AAP

With the US election a year away, most Americans don’t want Biden or Trump

Polls continue to show both presidential frontrunners ‘as tied as tied can be’, with third-party candidates tying for a distant third

The Guardian - US

Remember the austerity of 2010s? Early 2020s are expected to be far worse

Britain is in a low-growth bind and too many policies have political rather than economic goals

The Guardian - UK

China Premier Li seeks to bolster his country's economic outlook at the Shanghai export fair

Seeking to generate excitement around a largely lackluster economy, Chinese Premier Li Qiang is pledging to continue deepening reforms, expand free trade zones and relax market access for foreign investment

The Independent UK

Impact of the King’s Speech will last until the next century, Rishi Sunak suggests

Plan for government will stimulate the economy and allow people to feel safer in their communities, PM says

The Independent UK

Flynn: Sunak must use ‘first and last’ King’s Speech for cost-of-living support

The SNP Westminster leader said Tuesday’s speech must include a £400 energy bill rebate.

The Independent UK

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The Hindu

‘Traffic snarls impact Karnataka’s economy, besides affecting citizens’

Pointing out that one of the reasons for traffic congestion in Bengaluru city is alleged corruption by the traffic sleuths, the High Court said that the police top brass should act against such erring officials

The Hindu

Engineers from colleges in tier 2 and 3 cities driving start-up ecosystem in India, AICTE chairman

Engineers from Tier 2 and 3 cities driving India's start-up ecosystem, observed AICTE chairman T.G. Sitharam. Most of ISRO's Chandrayaan 3 engineers were from Tier 2/3 cities. AICTE has embarked on a programme to provide engineering books in mother tongues. Need to change teaching methods to experiential and hands-on learning.…

The National (Scotland)

Glasgow pubs and bars to stay open until 1am in new trial

Glasgow city centre bars will be able to stay open for an extra hour under a one-year trial in a bid to boost the late-night economy.

WEKU

Israel's war with Hamas disrupts Palestinian workers and Israeli employers alike

The Israeli construction industry has long relied on the labor of tens of thousands of Palestinians. But Israel has revoked their permits, paralyzing job sites and upending the West Bank's economy.

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Fortune

Mortgage rates are dropping fast after a shock jobs report set off a series of dominoes on Wall Street—The housing market can thank Detroit's striking auto workers

To all the homebuyers dreading the toxic mix of low inventory and 8% mortgage rates, how does a cooling economy and a 7.4% rate sound?

Fortune

The economy is growing at its fastest rate in 3 years and it may be because bosses are treating employees better. Just look at Starbucks gaining $10 billion in one day

Starbucks soared 12% after crushing its earnings, surprising analysts. Another surprise: It's investing in things that help its workers do their jobs better.

The Conversation

Netflix is still growing its subscriber base – here's how a local approach is helping

Netflix had a tough year in 2022. Big rivals such as Disney and Amazon Prime were circling, and viewers seemed to be rethinking their streaming habits amid rising prices in a turbulent global economy. Netflix lost subscribers, and its share value plummeted.

StockNews.com

SPY vs. PAPR: Bullish or Bearish?

While the Fed is expected to keep interest rates higher for longer, recent robust economic data reinforced the optimism that the economy could avoid a recession. Given the market’s improving outlook, let’s determine whether investors should be bullish or bearish on large-cap ETFs SPDR S&P 500 ETF Trust (SPY) and…

Barchart

Crude Oil Falls on Weaker-Than-Expected U.S. Unemployment Report

December WTI crude oil (CLZ23 ) today is down -1.18 (-1.43%), and Dec RBOB gasoline (RBZ23 ) is down -0.0503 (-2.24%). Crude oil and gasoline prices are sharply lower after today's weak U.S. unemployment report reinforced the idea that the U.S. economy is headed for a significant slowdown. Crude prices...

StockNews.com

Santa Claus Rally for Stocks Came Early?

Stocks have found a bottom after a nasty 3 month correction. Helping matters was statements by Fed Chairman Powell on Wednesday with stocks roaring higher ever since including a decisive break above the 200 day moving average for the S&P 500 (SPY). No doubt we want to know what this…

Evening Standard

OPINION - Airport lounges are victims of their own success, they’re now far too popular

Forget The Bishops Avenue in north London, Billionaire’s Row in Manhattan or Mount Nicholson in Hong Kong. The most expensive real estate in the world can be found on an aeroplane.Every inch — from the cardboard excuse for a seat in economy class to the luxuriant flat beds in first…

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