The Latest Breaking News from Economy

Needham analyst Bernie McTernan reiterated a Buy rating and $85 price target on Wix.com Ltd (NASDAQ:WIX) following a round of web developer checks.  He spoke with 22 developers in the WIX Marketplace to shed light on the broader funnel. They did not indicate any improvement. Failure of the funnel to return puts his 2H'22E and…

Andrew Bailey said inflation would persist for longer than previously expected as petrol prices soar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit.  Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government stimulus and a robust pipeline of residential building constructions. 

‘Biggest protest is disrupting the economy’

For the first time since the start of the COVID-19 pandemic in 2020, the Bureau of Economic Analysis has reported a decrease in real gross domestic product –— GDP. 

A new poll shows an overwhelming and growing majority of Americans say the U.S. is heading in the wrong direction, including nearly 8 in 10 Democrats

Savers talk of devastating losses as assets such as bitcoin and ‘stablecoins’ like terra fell sharply

Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market

C4ADS report says crackdown on patronage networks was a contributing factor to last October’s coup.

President Xi Jinping is set to finally leave mainland China after 893 days at home, even as he still trumpets a COVID zero policy that has isolated the world’s No. 2 economy diplomatically amid rising geopolitical tensions.

President Kais Saied looks on course to tighten his grip on Tunisia through a constitutional referendum in July, but it could prove to be a poisoned chalice as the economy sinks deeper into crisis and opposition to his rule widens.