The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows th...
Tag: GDP
Bitcoin, Ethereum Flip Bullish Despite Negative GDP Numbers
Key Takeaways Bitcoin and Ethereum have jumped more than 4% in the last six hours. The upswing coincides with news that the U.S. economy contracted. BTC and ETH now trade around crucial resistance le...
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 “...
The U.S. Had 6 Months Of Economic Decline. So What’s The Definition Of A Recession?
TOPSHOT – Traders work on the floor at the opening bell of the Dow Industrial Average at the New … [+] York Stock Exchange on March 18, 2020 in New York. – Wall Street stocks resumed...
Stocks Rally Despite U.S. GDP Shrinking For A Second Quarter In A Row—But Experts Say No Recession Yet
Topline The stock market moved higher on Thursday despite U.S. economic growth contracting for the second quarter in a row, a significant recession indicator which spooked markets—though most experts ...
U.S. Enters Recession Territory With Second-Quarter GDP Falling 0.9%
Key Takeaways The U.S. second-quarter Gross domestic Product growth has come in at -0.9%. The latest data shows a second consecutive quarterly contraction, meaning the U.S. economy is technically in a...
US Officially in Recession as GDP Shrinks 0.9% – Trustnodes
The United States economy has contracted for the second quarter in a row according to the just released data by the Bureau of Economic Analysis. “Real gross domestic product (GDP) decreased at an annu...
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domest...
Bitcoin Awaits US GDP After Biggest Single-Day Gain in 6 Weeks
“Nice uptick on Bitcoin after the FOMC raise rates by 75 bps, meeting expectations,” Secure Digital Markets, a Toronto-based digital assets brokerage, said in a Telegram-based research cha...
Fed hikes rates by 75 bps; reaches twin milestones ahead of GDP data
In line with market expectations, Chairman Powell and the members of the FOMC, raised the federal funds rate by 0.75%, for a second consecutive time. In a unanimous vote, the policy corridor was raise...
Ethereum Shows “Quite a Few” Anomalies Ahead of FED and GDP Info
Arman Shirinyan Ethereum’s on-chain activity is showing some strange activity ahead of two major events Contents Fees remain calm Active address anomaly At least two fundamental events are going...
FOMC Meeting, GDP Reports, and More!
After flashing green for the last seven days, the cryptocurrency market has fallen prey to bears yet again. The bears seem to be having the upper hand since the start of 2022, primarily after May, owi...
Weekend reads: Prepare for a big week — a crucial Federal Reserve decision, tech-company earnings and a GDP report
It was mostly a week for stocks, particularly a rebound in the tech-heavy Nasdaq Composite Index, as companies topped expectations on second-quarter earnings. The coming week brings a heavy dose of t...
China’s Domestic Tourism Shrinks Amid Covid Lockdowns
The Great Wall of China has long been a popular tourist attraction in the country. (AP Photo/Ng Han … [+] Guan) Copyright 2020 The Associated Press. All rights reserved. A global focus of China’...
FTX’s Home Country Adopts Crypto To Solve GDP Woes
The Bahamas, homeland of Sam Bankman-Fried’s FTX crypto exchange, has turned its attention towards crypto to solve its GDP issues. Bahamas Prime Minister Philip Davis plans to recover damages due to c...
China’s Second-Quarter GDP Growth Plunges To Less Than 1% On Covid Hit
Health workers in protective gear walk out from a cordoned area after spraying disinfectant in Shanghai’s Huangpu district on January 27, 2021. STR/AFP via Getty Images China’s economic growth s...
Bahamas PM says the country will turn to crypto for innovation and offsetting GDP losses
As the cryptocurrency industry flourishes around the world and digital assets like Bitcoin (BTC) become more adopted, some nations are turning to them as they seek to solve certain problems plaguing t...
Japan’s ‘Womenomics’ Needs Reboot To Boost GDP By 15%
Female passengers board a “Women Only” carriage at a metro station on in Tokyo, Japan. Junko Kimura/Getty Images As Japan mulls how to reinvigorate its economy in the post-Shinzo Abe era, ...
GBP/USD analysis as sterling ignores strong UK GDP data
The GBP/USD price moved sideways on Wednesday morning as investors reacted to the relatively strong UK GDP numbers. The pair is trading at 1.1893, which is slightly above this week’s low of 1.1810. Th...
Millions get jobs as GDP falls
This story was originally published on TKer.com. When we were younger, there was a point when someone told us that a recession was defined as two consecutive quarters of negative GDP growth, as measur...
3 takeaways from the US real GDP Q1 2022
The Final GDP release in the United States for the first quarter of 2022 was not on the list of the main events to watch yesterday for a couple of reasons. First, the highlight of the day was a panel ...
U.S. stock futures struggle for gains ahead of GDP data
U.S. stock futures struggled for direction on Wednesday, leaving Wall Street potentially on course for a third consecutive day of losses, as investors fret that soaring inflation is damaging the world...
China’s 5.5% GDP Obsession Has $8 Trillion Dark Side
Chinese President Xi Jinping chairs the High-level Dialogue on Global Development via video link in Beijing, China, on June 24, 2022. Li Tao/Xinhua via Getty Images China is going to grow 5.5% this ye...
Here’s How Abortion Bans Will Hurt State Economies And The GDP
Topline The Supreme Court overturned Roe v. Wade Friday, a monumental ruling for reproductive rights that’s also expected to broadly impact the economy, as a study from the International Women’s Polic...
ARK’s Cathie Wood Sees 50% GDP Increase Over Next Decade
Cathie Wood said investors could look forward to a 50% increase in global GDP over the next decade, driven by artificial intelligence. In a wide-ranging interview with Bloomberg’s Ed Ludlow at the inv...
Estonia commits the highest aid to Ukraine by GDP share, dwarfing Germany by over 10x
Since the onset of war in Ukraine, the country continues to receive massive aid from allied nations to repel the unprovoked Russian invasion. The need to support Ukraine has resulted in countries comm...
Taiwan Covid Deaths Hit Daily Record 127, GDP Growth Slowing
Shoppers wearing protective masks walk through a market in Taipei on May 23. Photographer: I-Hwa … [+] Cheng/Bloomberg © 2022 Bloomberg Finance LP Taiwan, home to many of the world’s largest tec...
U.S. Economy Shrank 1.5% Last Quarter In Worst Showing Since Covid Recession, New GDP Estimate Shows
Topline The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said in an updated release Thursday, blaming an unexpected decline in ...
Recession Risks Are Contagious As Japan’s GDP Stumbles—Again
Prime Minister Fumio Kishida has very few options to avoid a recession that may be all but inevitable. Getty Images Japan’s economy shrank…Typing these words is maddeningly familiar for long-time Toky...
Goldman Sachs cuts its China GDP forecast on Covid controls
Since March, mainland China has struggled to contain its worst Covid outbreak in two years. Notably, the metropolis of Shanghai, pictured here on May 18, only started this week to begin discussing res...