Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout...
Tag: Economic events
Wall Street’s fear gauge hits highest level since June
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters A measure of fear in stocks just hit the highest level in three months a...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
How China workers stack up against the US, UK and Brazil
Unemployment among China’s youth aged between 16 and 24 has surged to nearly 20%, according to an official survey for July. Pictured here is a job fair in Beijing on Aug. 26, 2022. Jade Gao | Af...
4 big factors impacting markets and the economy right now
Avalon_studio | E+ | Getty Images HUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating challenges for investor...
Euro-dollar exchange rate yields steep discount for Americans
Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative t...
How to deal when you’re stressed out about credit card debt
london, uk Peter Muller | Image Source | Getty Images Few things cause more financial distress and anxiety than a large slug of high-interest rate credit card debt. Millions of Americans of all income...
Economists are divided on the risk of a U.S. recession
Is the U.S. economy showing no signs of a recession or hurtling inescapably towards one? Is it in fact already in one? More than a month after the country recorded two successive quarters of economic...
How ‘quiet quitting’ became the next phase of the Great Resignation
“Quiet quitting” is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or sk...
August 2022 jobs report:
Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported F...
Nio August EV deliveries grow while Xpeng, Li Auto fall; shares drop
Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions fo...
Why the U.S. military faces a growing recruiting crisis
The U.S. military faces a growing recruiting shortfall — one so large that legislators are getting concerned. “The Army has to recognize that there’s been an evolution in that young popula...
China’s heatwave could have knock-on effect on its economy: Economist
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by ...
Financing a new car? How much you can save with excellent credit score
By now, you probably know that prices for new cars have been climbing at a brisk pace, along with many other consumer goods, in the midst of high inflation. The average cost of a car is an estimated $...
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the governme...
The easing of inflation pressures is giving the economy some breathing room, for now
A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to U.S....
Consumers’ expectations of future inflation decreased significantly in win for the Federal Reserve
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The consumer outlook for inflation decreased significantly in July amid a sharp drop in...
Is the economy in a recession? Top economists weigh in
‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than...
Here are both sides of the argument on why a recession is debatable
If you’re unsure if the U.S. economy is in a recession, you’re not alone. Gross domestic product has declined in back-to-back quarters this year, which is a common signal to market watcher...
Indian rupee weakness, hitting fresh lows amid global headwinds
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
4.2 million people quit in June despite recession worries
A cooldown in the job market is underway: The number of job openings dropped in June while near-record numbers of people continued to quit and get hired into new roles, according to the Labor Departme...
How HIMARS could change the Ukraine-Russia war
Artillery has quickly become the most important weapon in Ukraine’s war with Russia. Ukrainian forces have begun to use newer Western artillery, like the M777 Howitzer, in the battlefield. But a...
Growth accelerates for euro zone
Growth in the euro zone economy accelerated in the second quarter of the year, but the region’s prospects could be hit as Russia continues to reduce gas supplies. The 19-member bloc registered a...
Yellen says the economy is not in a recession despite GDP slump
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth. Recession, Yellen insisted, is a “...
Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession
Federal Reserve Chairman Jerome Powell said Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. “I do not think the U.S....
When to buy euros, other currency for a trip abroad
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currenci...