Despite surpassing expectations in 2022 Q4, some economists are projecting that the euro zone could transit into a recession later this year. The euro zone economy report for 2022 Q4 came in better t...
Tag: Economy
Stocks making the biggest moves midday: Pentair, UPS and more
General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, ...
Employment cost index Q4 2022:
Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a baromete...
Plug Power Joins With Johnson Matthey To Push Hydrogen Economy
Plug Power Inc (NASDAQ: PLUG) has entered into a long-term strategic partnership with sustainable technologies provider Johnson Matthey Plc (OTC: JMPLF) (OTC: JMPLY) to boost the green hydrogen econom...
Euro zone GDP Q4 2022
The latest euro zone growth numbers are out as the ECB considers what to do next. Nurphoto | Nurphoto | Getty Images The euro zone beat expectations on Tuesday by posting positive growth in the final ...
Stocks making the biggest moves premarket: McDonald’s, UPS and more
Nathan Stirk | Getty Images News | Getty Images Check out the companies making headlines before the bell. McDonald’s — Shares dipped more than 1% after McDonald’s reported its latest quart...
Investors dangerously ignoring bear market impact on earnings
Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previou...
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upward its global growth projections for the year, but w...
Jim Cramer’s Investing Club meeting Monday: Dow stocks, Fed, Ford
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stick to Dow stocks Watch w...
London’s luxury home sellers turn to WhatsApp as private sales surge
A growing number of Londoners are opting for novel means of buying and selling their properties, with WhatsApp emerging as a new home for luxury listings. Bloomberg | Bloomberg | Getty Images LONDON —...
China’s $6 trillion consumer market is digging itself out of a slump
BEIJING — China’s consumption recovery from zero-Covid is getting off to a solid start – after a depressing fourth quarter. When Michelin-starred restaurant Rêver reopened Thursday from a Lunar ...
Long Covid has ‘underappreciated’ role in labor gap: study
Simpleimages | Moment | Getty Images Long Covid is keeping people out of work and may reduce on-the-job productivity for others, contributing to a labor shortage and weighing on the U.S. economy at la...
Stocks making the biggest moves midday: Carvana, AMD and more
Check out the companies making headlines in midday trading Monday. Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Colgate-Palmolive — Shares gained 2.8% aft...
U.S. Economy Shows Resilience Amid Recession Predictions For 2023
AFP via Getty Images TL;DR U.S. GDP increased at an annualized rate of 2.9% in Q4, ahead of the 2.6% which had been projected Despite the positive news, two thirds of economists at the World Economic ...
Porter Stansberry’s New Documentary Explains How Two Men Changed the US Economy – Cryptopolitan
Two men from New York have caused seismic shifts in the American economy in recent years. Their efforts have been captured in a new documentary film by financial analyst Porter Stansberry, entitled Th...
Samsung Products May Soon Offer Telehealth
Last week, famed consumer electronics and digital technology leader, Samsung, announced a new partnership with IntelliTek Health, a company that has developed a patient centered virtual assistant tool...
Blackstone Stock Is a Good Investment, Even in a Downbeat Economy
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...
Everywhere you look, the economy is in a deep freeze. But does that mean a recession is coming?
After years of cheap money helped fuel the rise of speculative investing and profitless business models in the U.S. over the past decade, stubborn inflation has forced the Federal Reserve to increase ...
Amazon’s Bold $5 Prescription Drug Program Is The Future Of Pharmacy
Amazon is taking yet another bold step into the world of healthcare, further solidifying its powerful footprint in the business-to-consumer “B2C” space. Earlier this week, the tech giant announced its...
Stablecoin Economy Sheds Another $3 Billion in 44 Days – Altcoins Bitcoin News
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has...
No Recession In 2023, New Research Shows
SAN FRANCISCO, CALIFORNIA – SEPTEMBER 16, 2018: A sign in the window of a home decor store in San … [+] Francisco, California, announces the store’s going out of business sale. (Phot...
Biden And Sunak — The Energy Policy Odd Couple
TOPSHOT – US President Joe Biden (R) and British Prime Minister Rishi Sunak hold a meeting on the … [+] sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali, Nov...
Creating self-sovereignty in the creator economy and Web3 — Is there room for both?
On this week’s episode of NFT Steez, hosts Alyssa Exposito and Ray Salmond meet with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity i...
U.S. unemployment system still plagued by delays 3 years post-pandemic
People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick T. Fallon | Afp | Getty Images These days the U.S. unemployment system is somewhat of an an...
Here’s where mainland Chinese traveled overseas for the Lunar New Year
BEIJING — Travelers from mainland China stuck close to home in Asia during the Lunar New Year, the first holiday after Beijing relaxed its Covid-related border controls. Hong Kong and Macao were the m...
2023 Predictions: A UK Retail Rollercoaster
‘Permacrisis’ was declared the word of 2022, so what might 2023 bring? There are reasons for cautious optimism here in the UK, but first retailers are going to have to buckle up and brace for more tur...
Inflation rate slows again to 15-month low, PCE shows, as U.S. economy weakens
The numbers: The cost of U.S. goods and services rose a scant 0.1% in December in yet another sign inflation is cooling off, opening the door for the Federal Reserve to stop raising interest rates soo...
Key Fed measure eased, spending also declined
Egg shelves are seen with a note apologizing to customers for the price increase after the reduction in productivity brought on by poultry fatalities caused by various illnesses, in San Mateo, Califor...
Opinion: The Fed expects a ‘soft landing’ and no recession for the economy. We could get stagflation instead.
I am especially wary of economists — that includes Federal Reserve members and well as former Fed members — who are quick to see a soft landing for the U.S. economy. Soft landings are rare. Former Fed...