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The Latest Breaking News from Economy

Latino voters weigh abortion rights — and the economy — in a key congressional race

Rep. Abigail Spanberger, D-Va., is running for reelection in a newly drawn district against Republican Yesli Vega as the national conversation on abortion plays out, especially with Latino voters.

WEKU

Democrats on the defensive as economy becomes primary concern over abortion

Polls indicate tide shifting toward Republicans with high inflation rates and gas prices working in their favor

The Guardian - US

Business body urges politicians to reach resolution, quickly

NI Chamber says the economy is at a "tipping point"

Birmingham Post

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Asian shares mostly lower as Japan preps massive stimulus

Shares are mostly lower in Asia after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market

The Independent UK

FII Forum Session Calls for Transition to Resilient Economy to Face Challenges

The third and final day of the 6th edition of the Future Investment Initiative (FII) forum embarked on its activities with a session titled “Transforming Banking and Investment for the Resilient Economy.” The CEO of Saudi EXIM Bank Group, Saad bin Abdulaziz Al-Khalb, participated in the session, which was held…

Asharq Al-Awsat

Ukraine economy to shrink by almost 32% in 2022 - central bank

Ukraine's economy will shrink by almost 32% this year and annual inflation will accelerate to 30%, largely due to the damage done by Russia's invasion, the Ukrainian central bank said on Thursday.

Reuters

In an economy blighted by inflation, Australians like Dimuthu are collateral damage

Dimuthu Peterson is building a home and is trapped between rising rates and rents. The Perth mother feels hopeless in the current economy dogged by inflation.

ABC News

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Deputy premier hopeful for 2023

Thailand's economy should not succumb to the global economic slowdown projected for next year, but rather continue its recovery propelled by new infrastructure development and increasing digital know-how among people, says Deputy Prime Minister Supattanapong Punmeechaow.

Bangkok Post

Biden says GDP growth undercuts ‘doomsayers’ ahead of midterms

WASHINGTON — The latest U.S. economic data shows that the economy “is continuing to power forward” and is not in a recession, President Joe Biden said.

Tribune News Service

Kiplinger GDP Outlook: Goldilocks Economy Neither Hot nor Cold

In the latest Kiplinger GDP forecast, we expect modest-to-moderate growth in the second half of 2025 and through 2026.

Kiplinger

Housing is hammered in the Fed's war on inflation

New GDP data show sharp contraction in residential investment.

Axios

Even as US economic recovery rebounds, demand stalls

US economy snapped two straight quarters of GDP decline to grow 2.6 percent, but domestic demand weakened.

Al Jazeera

Is It Time to Sell These 2 Beloved Tech Stocks?

Interest rate increases look all set to persist. Therefore, slowing demand, rising borrowing costs, and compressed margins will likely tip the economy into recession. With the market potentially seeing significant pressure, once-popular tech stocks Snowflake (SNOW) and Palantir Technologies (PLTR) could struggle to find support due to their poor fundamentals.…

StockNews.com

Latest GDP Numbers Aren't Calming Recession Fears

The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.

Reason

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Irish Mirror

Tetchy scenes in Dail as Tanaiste Leo Varadkar calls Pearse Doherty 'Kwasi Doherty' and compares Sinn Fein to Liz Truss' failed Tory government

The Fine Gael leader said that it would take Sinn Féin one Budget to 'wreck the economy' under 'Kwasi Doherty'

The Independent UK

Biden says US economy ‘continues to power forward’ after growth in third quarter

‘This is a testament to the resilience of the American people’

Chicago Sun-Times

US economy returned to growth last quarter, expanding 2.6%

The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.

Tribune News Service

US economy rebounds amid resilient consumers, businesses

The U.S. economy grew at a solid pace in the third quarter, marking the first advance this year as consumers proved resilient in the face of widespread inflation and the Federal Reserve’s rapid interest-rate hikes.

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StockNews.com

Let These 3 Stocks Lead You Through the Bear Market

Gloomy earning guidance halted the S&P 500’s three-day winning streak. Moreover, a recession seems apparent as the U.S. economy battles sky-high inflation, aggressive rate hikes, and geopolitical headwinds. With the bear market not over yet, we think fundamentally strong stocks Walmart (WMT), Cisco Systems (CSCO), and Vertex Pharmaceuticals (VRTX) might…

The Independent UK

US unemployment claims inched higher, but remain very low

Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy

Axios

U.S. economy grew in third quarter, rebounding after contractions

Some underlying details — including weaker housing and decelerating consumer spending — point to an economy that's slowing.

Newslaundry

‘Noticeable change’: CNN hints at jobs cuts this year

CNN has hinted at budget cuts and layoffs before the end of this year, according to the New York Times. In a memo to employees, CNN chairman Chris Licht said that concerns over the global economy had forced him to re-evaluate the company’s priorities, observing that he would make a…

The Independent UK

Global stocks mixed ahead of US GDP, Europe rates decision

Global stock markets are mixed ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubbornly high inflation

WEKU

New GDP report shows an economic turnaround, but don't be fooled

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

Evening Standard

Lloyds Bank debt fears as talk of house price crash grows

FRESH fears about the UK economy emerged today when Lloyds Bank set aside more than half a billion pounds to deal with bad debts and warned on a “deteriorating” outlook.

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