Topline The U.S. economy grew more than economists expected in the third quarter—officially signaling the economy has emerged from a so-called technical recession earlier in the year, but the largely ...
Tag: GDP
BTC, ETH Consolidate Ahead of United States GDP Data – Market Updates Bitcoin News
Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today’s session, with the global market cap ...
‘Recession’ Is Every Bit as Foolish As the GDP Calculation That Informs It
A recent Wall Street Journal headline lamented a scenario in which “Europeans Don’t Spend, Auguring a Recession.” Are journalists the problem, or sub-editors writing the headlines, or might it be that...
China GDP Poised To Outperform World Average In 2023 – PwC
A woman has her routine COVID-19 throat swab at a testing site despite authorities starting to ease … [+] some of the anti-virus controls in Beijing on Dec. 8. China is the last major country st...
Digital assets could add $40B a year to Aussie GDP: Tech Council report
Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses acco...
U.K. lags OECD average with pandemic GDP recovery
LONDON — U.K. growth has lagged the world’s biggest economies since the Covid-19 pandemic and is substantially below the OECD average, according to a new report from the influential Paris-based ...
Ethereum (ETH) Sees High Volatility as U.S. Records Higher-Than-Expected GDP Growth
Alex Dovbnya Ethereum (ETH) and Bitcoin (BTC) see more volatility after most recent U.S. GDP report Major cryptocurrencies experienced sharp volatility after a gross domestic product (GDP) report from...
An Abundance Agenda For America
Statue of Liberty and New York City Skyline with Manhattan Financial District, Battery Park, Water … [+] of New York Harbor, World Trade Center, Tourboat and Blue Sky. getty Third quarter GDP gr...
Why to prepare your finances for recession despite strong GDP report
Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness looms under the surface and households shouldn...
Bitcoin, Ethereum Prices Soar Amid ECB Rate Hike And US GDP Report
On Thursday, the European Central Bank (ECB) raised interest rates by another 75 bps. The ECB expects to raise interest rates further to hit the medium-term inflation target of 2%. Volatility increase...
GDP Better Than Expected Despite Tech Stocks Falling
U.S. Economy: On Thursday the U.S. disclosed that gross domestic product (GDP) grew in the third quarter (Q3) by 2.6%, the highest growth since Q4 of 2021, after recording two consecutive quarters of ...
Volatile net trade propels US Q3 Real GDP to 2.6%; Recession threat looms large
In its advance GDP estimate released earlier today, the US Bureau of Economic Analysis announced that the real GDP for Q3 grew at 2.6% adjusted for inflation, on an annualized basis. This was a dramat...
Stocks mixed after GDP data, more earnings on tap
U.S. stocks were mixed Thursday as investors braced for another batch of tech earnings from Amazon (AMZN) and Apple (AAPL) and dissected a better-than-expected U.S. GDP report. The Dow Jones Industria...
Big Day For Bitcoin As Investors Eye ECB And US GDP Numbers
The Bitcoin price has woken up from its Snow White slumber over the past two days. As NewsBTC reported, the price rally started shortly after the Dollar Index (DXY) showed weakness and suffered a shar...
U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positive
The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday. GDP, a sum of...
Markets Fear Worst As Mainland Investors Buy Foreign Selling
China Last Night KraneShares Key News Asian equities were largely higher though Hong Kong and Mainland China underperformed while multiple markets were closed for Diwali, the five-day Hindu religious ...
Web3 to inject $1.1T in India’s GDP by 2032, following 37x growth since 2020
The global Web3 boom is expected to add $1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups, including CoinDCX, Poly...
Markets Shocked as China Postpones Release of GDP Data – Trustnodes
Market analysts have been surprised by the decision of China’s National Bureau of Statistics (NBS) to postpone the release of Q3 GDP data which was due on Tuesday. A spokesperson said that the change ...
How Does GDP Influence The Stock Market?
| Getty Images Key Takeaways GDP is a measure of whether the economy is expanding or contracting. While this factor can’t be taken alone, negative GDP is a strong indicator of a future recession. Inve...
UK GDP Shrinks Unexpectedly, Recession Alarm Goes Off
In an unexpected turn, the UK’s GDP has shrunk by 0.3%. The monthly estimates revealed by the Office of National Statistics reveal an MoM change of -0.3% in August. The GDP was expected to be at 0% Mo...
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 ...
British GDP Grows 2% in August – Trustnodes
The United Kingdom is still seeing decent growth, with its GDP increasing year on year by 2%. The Office for National Statistics (ONS) said: “Monthly GDP grew by 2.0% between August 2021 and August 20...
Economy Shrank 0.6% Last Quarter, Final GDP Shows
Topline The U.S. economy shrank for a second quarter in a row this year, a third and final estimate from the Bureau of Economic Analysis confirmed Thursday—once again signaling the start of a technica...
Energy costs in Europe as a percentage of GDP double signaling a persistent headwind
European households seem to be bracing for a cold and expensive winter due to the worsening energy crisis that is likely to persist through the winter months. With the Russian oil and gas embargo due ...
Decades Of Human Progress Set Back By Covid, Climate Change And Ukraine War, UN Warns
Topline Global crises like the Covid-19 pandemic, worsening climate change and the war in Ukraine have started to reverse decades of human progress in education, life expectancy and standards of livin...
Eurozone’s GDP and employment grow faster than expected despite geopolitical concerns
A rise in consumer prices fueled by the energy crisis in Europe took a toll on the economies of European nations, causing growth to stall and market participants to rethink their risk appetites. Des...
Pow! Right in the ticker, Fed chair sends markets lower: This week in markets
Crypto markets fell at the end of the week in what appeared to be a reaction to Fed Chair Jerome Powell’s speech in Wyoming. Bitcoin was down 4.98% over the past seven days at the time of writi...
Stock Market’s Good News – GDP Growth Better Than Reported
GDP growth continues at high level getty The GDP news reports say, “Recession, maybe.” However, the actual news is, “Growth!” Why the difference? Over-reliance on the “re...
China’s GDP Woes Crash Fed’s Jackson Hole Party
Jerome Powell speaks during a Bloomberg Television interview during the Jackson Hole economic symposium in Moran, Wyoming, U.S. David Paul Morris/Bloomberg Not since 1997 have central bankers gatherin...
Xintiandi Developer Shui On Sees Possible “Golden Era” After Profit Drops By 58% Amid Shanghai Lockdowns
Xintandi office buildings located in central Shanghai. (Photo by Ryan Pyle/Corbis via Getty Images) Corbis via Getty Images Profit at Shui On Land, the Hong Kong-headquartered developer of Shanghai’s ...