The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wa...
Tag: Economic events
JPM earnings 1Q 2022
JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year earlier, driven by increased costs for bad loans and market upheaval caused by the Ukraine war. Here are the numbers: A...
Inflation fears force Americans to rethink financial choices: Survey
Surging inflation has Americans reconsidering how they spend their money. The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months p...
Most Americans are worried about a recession hitting the U.S. in 2022
Rate hikes, soaring energy prices and geopolitical risks have combined to stoke fears of a possible recession. Credit Suisse however, thinks that is an unlikely scenario. Michael Nagle | Bloomberg | G...
Stock futures are flat after S&P 500 notches third straight week of gains
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE U.S. stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures ...
Why Russia’s invasion of Ukraine could spark a NATO spending spree
The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on its ...
Citi raises its forecast for China’s GDP growth
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much...
Stock futures bounce as investors assess start of new quarter, bond market recession indicator
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasolin...
Dow futures are little changed ahead of last day of March
Stock futures were slightly higher in overnight trading Wednesday ahead of the last trading day of the month and quarter. Futures on the Dow Jones Industrial Average was near flat. S&P 500 futures...
Why Russia’s invasion of Ukraine could spark a NATO defense spending spree
The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on mili...
Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in pl...
Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “Th...
Retail sales February 2022 come up short as inflation puts dent in consumer spending
An Amazon Prime truck pulls away after a delivery in Washington, DC, on February 17, 2022. Nicholas Kamm | AFP | Getty Images Consumers continued to spend in February through at a slower pace than exp...
How the US and allies cut off Russia from the global economy
As Russia stepped up its aggression against Ukraine to the point of a full-fledged invasion, the U.S. and its allies unleashed a series of historic and unprecedented economic sanctions. “It̵...
There’s ‘nowhere to hide’ for consumers as inflation hits food, gas, housing
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making ...
China watches as Ukraine war makes U.S., EU and Japan show unity
Chinese President Xi Jinping and Russian President Vladimir Putin attend a meeting during the BRICS (Brazil, Russia, India, China, and South Africa) summit in Brasilia on November 14, 2019. Pavel Golo...
Russia-Ukraine war could cut auto production by millions of vehicles
The 111,111th Ford Transit car manufactured at the Ford Sollers car factory in the town of Yelabuga in Russia’s Republic of Tatarstan. Yegor Aleyev | TASS | Getty Images Russia’s invasion ...
China defense spending to rise by 7.1% in 2022, says finance ministry
Chinese President Xi Jinping inspects troops during a parade on October 1, 2019, to celebrate the 70th Anniversary of the founding of the People’s Republic of China at Tiananmen Square in 1949, ...
China on deck to reveal its 2022 GDP target
Workers weld at a workshop of an automobile manufacturer in Qingzhou, East China’s Shandong Province, on March 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is sl...
Big raises may be coming back down to earth
A ‘help wanted’ sign is posted in front of restaurant on Feb. 4, 2022 in Los Angeles. Frederic J. Brown | AFP | Getty Images The big raises that many Americans got over the past year are s...
February jobs report expected to show strong labor market continuing with solid wage gains
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The economy was likely to have added jobs at a healthy...
Stock futures inch lower as Russia-Ukraine tensions weigh
U.S. stock index futures were modestly lower during overnight trading Wednesday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine. Futures contra...
Homeowners hold record equity. What to know if you want to borrow
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equi...
Stock futures are steady ahead of first trading day of March, Russia-Ukraine conflict in focus
Traders on the floor of the NYSE, Feb. 24, 2022. Source: NYSE U.S. stock futures were steady in overnight trading on Monday before the first trading day of March as investors continue to monitor the f...
Stock futures inch higher after S&P 500 closes in correction
U.S. stock market futures were modestly higher in overnight trading Tuesday after the S&P 500 closed in correction territory amid escalating tensions between Russia and Ukraine. Futures contracts ...
central bank governor on inflation, tourism recovery
Inflation in Thailand will largely be “contained” because the price pressures in the country are not as broad-based compared to some developed markets, said the governor of Bank of Thailan...
Wage growth may be slowing from ‘breakneck’ pace
A Now Hiring sign hangs in front of a Winn-Dixie grocery store on Dec. 3, 2021 in Miami. Joe Raedle | Getty Images The rapid pace of pay increases that characterized the labor market for much of last ...
Stock futures are steady as investors juggle Fed comments and policy
Traders on the floor of the NYSE, March 17, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed in overnight trading on Tuesday as investors continue to digest revelations from the...