The Latest Breaking News on Economy

Jobless rate likely still below 4pct

The next set of jobless and employment numbers due this week are likely to show the labour market remains tight ahead of next month's central bank meeting.

AAP · Jan 14, 2023

​​The Stats Guy: Battle of the population forecasters: Yes, size matters

The Centre for Population’s annual statement suggests a more bullish population forecast for 2032 than the UN Population Division did last year.

The New Daily · Jan 14, 2023

Debt limit battle set to dominate 2023 fiscal agenda

WASHINGTON — Lifting the statutory debt ceiling is set to dominate this year’s budget agenda. Republicans first need to agree among themselves on what to ask for in exchange.

Tribune News Service · Jan 13, 2023

Can US avoid a recession? As inflation eases, optimism rises

For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging

The Independent UK · Jan 11, 2023

The 4 Most Attractive Long-Term Stock Picks

With the Fed expected to keep rates higher throughout this year, the odds of the economy tipping into a recession are rising. Amid ongoing macroeconomic uncertainties, investors may consider buying companies with reliable performance over the years for solid long-term returns. To that end, Pfizer (PFE), Johnson & Johnson (JNJ),…

StockNews.com · Jan 11, 2023

California Gov. Newsom proposes cuts to climate change programs amid cloudy economic outlook

SACRAMENTO, Calif. — Facing a projected $22.5 billion budget deficit in the upcoming fiscal year, Gov. Gavin Newsom on Tuesday announced plans to reduce investments in the state’s move to zero-emission vehicles, make cuts to other climate change programs and delay funding for 20,000 new child-care slots as California transitions…

Los Angeles Times · Jan 10, 2023

World Bank warns of trigger to global recession as economies on the brink

The world is teetering on the brink of recession — the first time in more than 80 years that two global recessions have occurred within the same decade,

The New Daily · Jan 10, 2023

World Bank warning: Global economy is at risk of recession

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warns

The Independent UK · Jan 10, 2023

Global economy risks second recession within three years, warns World Bank

Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war

The Guardian - UK · Jan 10, 2023

2 Stocks That Can Protect Your Portfolio From a Recession

Amid widespread macro headwinds, recession odds are rising. Moreover, the latest job report shows signs of decelerating payroll growth. Therefore, we think reliable dividend-paying stocks Pfizer (PFE) and Walmart (WMT) could be ideal buys to protect your portfolio amid the recessionary pressures. Keep reading….

StockNews.com · Jan 9, 2023