U.S. President Joe Biden delivers remarks on the U.S. economy from an auditorium on the White House campus in Washington, U.S. October 26, 2022. Jonathan Ernst | Reuters The White House is working to ...
Tag: Economic
Dow Jones Rallies After Key Economic Data; Tesla Stock Dives On Lowered China Prices
The Dow Jones Industrial Average briefly rallied 350 points Monday, looking to add to Friday’s powerful stock market gains ahead of a week of key earnings reports. Tesla stock dived more than 5%...
China NEV sales forecast for October down 10% MoM as economic picture remains obscure
The China Passenger Car Association (CPCA), on October 24, released its sales expectations for the month of October. The release indicates that 550,000 new energy vehicles (NEV) are expected to be sol...
Over 40 new challenger banks emerged in the last year globally despite economic meltdown
The demand for challenger banks has surged in recent years, a phenomenon mainly triggered by the pandemic when consumers increasingly embraced digital solutions. With the global economy attempting to ...
Deep-dive into the Mango Markets economic attack
In light of DeFi’s recent lending market economic attacks, risk monitoring and management has become a key factor for success within the ecosystem. Appropriate procedures need to be taken into account...
LSEG is keeping ‘resilient’ in the face of U.K.’s economic turmoil
London Stock Exchange Group plc (LON: LSEG) ended in the red on Friday even though the financial information company reported a strong Q3 in the face of economic turmoil in the United Kingdom. Notable...
Yen Hits 150 On The Way To Economic Infamy
Haruhiko Kuroda is grappling with a yen in virtual free-fall AP Photo/Pat Roque The biggest monetary policy experiment in modern history is clearly not going well as the Japanese yen plunges to 32-yea...
What Every Marketer Should Know About Women’s Economic Power
Women drive the majority of consumer spending through a combination of buying power and influence. Here’s what you need to know now. Women are the world’s most powerful consumers getty Women are...
An often-overlooked economic measure is signaling serious trouble ahead
Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday that a recession is looming — and that the Fed...
MicroStrategy’s Saylor hails Bitcoin an ‘economic engine’ set to become a ‘freedom machine’
MicroStrategy executive chairman and former CEO Michael Saylor has extended his praise for Bitcoin’s (BTC) features, terming the flagship cryptocurrency as a channel towards freedom. According to Say...
Voters’ Economic Outlooks Are Bleak—And More Trust Republicans Than Democrats To Handle The Issue
Topline More voters trust Republicans to handle their most important issues—the economy, inflation and crime—a new poll found, though they don’t seem to have a clear advantage at the voting booth. The...
Multigenerational Hispanic households feel rising economic pressure
Juan Espinoza, far left, with his family. A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well a...
7 US economic events to move financial markets before Christmas
Like it or not, the trading year is about to end in less than 2.5 months. So besides the US dollar’s strength, 2022 has brought only pain to US equity and bond investors. So is there scope for financi...
Xi Outlines Superpower Ambitions Amid Tensions With U.S. And Economic Woes
President Xi Jinping waves as he arrives at the opening ceremony of the 20th Communist Party … [+] congress in Beijing on October 16. AP Photo/Mark Schiefelbein Chinese President Xi Jinping vowe...
Optimistic outlook for BTC amid shaky economic times
It may not have been tulip season in the Netherlands, but there was a palpable buzz at the picturesque Westerpark, which played host to the Bitcoin Amsterdam 2022 Conference. Prominent speakers from a...
U.K. Finance Minister Kwasi Kwarteng Fired After Economic Policy Fallout
Topline Kwasi Kwarteng, the U.K.’s Chancellor of the Exchequer, was sacked by Prime Minister Liz Truss on Friday morning after her government’s recent mini-budget—which promised large tax cuts for the...
The past two decades of low inflation and near-zero interest rates were an ‘aberration,’ BofA says. Get ready for an economic ‘regime change’
Inflation and higher interest rates may be here to stay as a new paradigm has emerged for the global economy. At least that’s what Bank of America’s team of investment strategists argued this week. An...
UK GDP Shrinks by 0.3% Raising Economic Downturn Concerns
8 hours ago | 2 mins read Bitcoin News Concerns over a potential economic downturn are sure to rise in light of these figures. According to the World Bank, a severe recession in the global economy is ...
IMF Reduces Expectations of Global Economic Growth for 2023, Alarms for Recession
Recently the International Monetary Fund came up with a crucial insight which is sufficient to put the market into distress. The IMF expected a slump in the growth of the global economy for the upcomi...
Fed Acknowledges Rate Hikes Will Fuel Unemployment—But Warns Inflation Could Cause ‘Far Greater Economic Pain’
Topline Ahead of a critical inflation reading, the Federal Reserve on Wednesday indicated it would continue an aggressive interest rate hiking campaign until there was more clear evidence that inflati...
IMF Cuts Economic Outlook And Warns Global Inflation Still Hasn’t Peaked
Topline The International Monetary Fund on Tuesday downgraded its forecast for the global economy next year and warned inflation will be worse than previously expected due largely to the ongoing disru...
Cathie Wood just wrote an open letter to the Fed accusing it of stoking ‘deflation’ and looking at the wrong economic indicators
The Federal Reserve has raised interest rates at the fastest pace since the 1980s this year in an attempt to cure America’s inflation problem. But now, many economists and business leaders are beginni...
Three US Economists Nab This Year’s Nobel Prize for Economic Sciences
The winners of the Nobel Economics prize are not just experts in their respective spheres but are renowned authorities whose positions and views about current global economic turmoil remain very respe...
Trader Flips Bullish on XRP and One Additional Altcoin, Says Economic Data This Week To Spark Crypto Market Shift
A popular crypto trader says XRP and one other mid-cap altcoin have the most bullish-looking price action on the market right now. Pseudonymous trader Kaleo tells his 535,000 Twitter followers that cu...
ARK’s Cathie Wood issues open letter to the Fed, saying it is risking an economic ‘bust’
Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. David Swanson | Reuters The Federal Reserve likely is...
‘Real Danger’ Of Global Recession Intensifies As Rate Hikes Threaten $4 Trillion In Economic Losses, World Bank Warns
Topline Ahead of a meeting between global finance heads, leaders of the World Bank and International Monetary Fund warned of a growing risk of an economic slowdown next year as central banks around th...
Allianz Chief Economic Adviser El-Erian believes core inflation ‘is still going up’
Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS’ “Face The Nation” Sunday that he predicts headlin...
Seattle Mariners’ Playoff Return Could Jump-Start An Economic Resurgence
Pinch-hitter Cal Raleigh’s walk-off homer last Friday sent the Mariners to their first postseason since 2001. Getty Images When the Seattle Mariners step to the plate against the Toronto Blue Ja...
Cramer says economic data can’t capture one huge driver of inflation
CNBC’s Jim Cramer on Thursday said that a huge driver of inflation is the consumer’s desire to spend money in the reopening economy – a fact that isn’t reflected in the data that the...
Recession? Apparently Not. Downturns are Psychological, Not Economic
Recession? There isn’t evidence that we are in a recession, or even close, says Laurence Kotlikoff. Kotlikoff is a Professor of Economics at Boston University. He said recently that during adverse eco...
Taiwan Businesses Support Reduction In Economic Dependence On Mainland China – CSIS Survey
Apple supplier Hon Hai Precision Industry is one of the largest Taiwan investors in the mainland. … [+] Photographer Lam Yik Fei/Bloomberg © 2022 Bloomberg Finance LP Taiwan companies support a ...
Dow Jones Sells Off 300 Points After Jobs Data, Key Economic Data; OPEC Meeting On Tap
The Dow Jones Industrial Average sold off more than 300 points Wednesday after a stronger-than-expected ADP employment report. ADP’s payrolls report previews Friday’s jobs report from the ...