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The Latest Breaking News from Economy

Top Biden advisor says the U.S. economy has a 'fighting chance' of avoiding a recession with a 'soft landing'

Heather Boushey says big government is on the recession case: Just pay attention to all the legislation the White House has passed.

Fortune

1 Stock That Stands to Benefit From a Potential Chinese Stimulus

After bottoming out in November, iron-ore prices have witnessed a solid recovery, driven by the reopening of the Chinese economy and the possibility of a government stimulus to aid the country’s revival. Hence, investing in major Rio Tinto (RIO) would be opportune. Read on….

StockNews.com

Peru launches $1.6 billion economic recovery plan after protests

Peru's finance minister on Thursday announced a $1.55 billion plan to revive the economy, impacted by weeks of protests that have followed the ouster of former President Pedro Castillo.

Reuters

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3 Hot Stocks on Wall Street’s Radar Right Now

While the Fed’s aggressive rate hikes this year have led to inflation colling in recent months, it is far beyond the Fed’s target rate. Moreover, amid mounting layoffs and recessionary concerns in the economy, it could be wise to invest in fundamentally strong stocks Broadcom (AVGO), Fortinet (FTNT), and Advanced…

StockNews.com

Applications for US unemployment aid rose slightly last week

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring

The Independent UK

1 Cybersecurity Stock You Can Depend on in 2023

Thanks to the growing digital economy, cybersecurity is becoming increasingly important. Cybersecurity company Fortinet (FTNT) is attempting to expand its market presence and might be a dependable buy for 2023. Read on….

StockNews.com

India Can Be $40 Trillion Economy By 2047: Mukesh Ambani

This goal is realistic and achievable because India is blessed with… The power of young demography; The power of a mature democracy; And the newly acquired power of technology. Read on for details:

Dynamite News

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Indian economy presents a picture of resilience amid global shocks: RBI governor Shaktikanta Das

MUMBAI: Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI governor Shaktikanta Das said on Thursday.

The Times of India

China's Xi solidified grip on power during tumultuous 2022

Xi Jinping secured an historic third leadership term in October, emerging as China's most powerful ruler since Mao Zedong, bolstered by a Politburo Standing Committee stacked with allies and no successor-in-waiting to challenge him.

Reuters

Bolivia to protect big-state economic model, plans ‘aggressive’ gas push: minister

Bolivia is committed to protecting its subsidy-reliant, big-state economic model despite deficit risks and is planning an "aggressive" push into gas exploration, the economy minister told Reuters.

Reuters

Saudi Arabia Approves Energy Supply Law

The Saudi Council of Ministers approved on Tuesday the Energy Supply law, which complements the sector’s legislative system based on the best international practices. In this regard, Saudi Energy Minister Prince Abdulaziz bin Salman noted that the law “aims to enable the efforts of restructuring the energy sector, in order…

Asharq Al-Awsat

Global Alarm Grows over China's Covid Surge

The United States is the latest in a growing number of countries to impose restrictions on visitors from China after Beijing abruptly removed a major impediment to overseas travel despite surging Covid cases at home. Hospitals across China have been overwhelmed by an explosion of Covid cases following Beijing's decision…

Asharq Al-Awsat

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Bangkok Post

Mergers shake up the landscape

Amid economic challenges and rapid changes in various sectors, the strategic approach of mergers and acquisitions (M&A) was used to help businesses stay afloat and elevate their competitiveness, in addition to partnership agreements.

Bangkok Post

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Fortune

Goldman Sachs economists keep doubling down on their call that we’ll avoid a recession. Their boss disagrees.

What a difference 30% makes. Goldman’s chief economist sees about a one-in-three chance of the economy shrinking, but CEO David Solomon sees it the other way.

Fortune

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

StockNews.com

2 Starter Stocks New Investors Should Consider Buying

Following a painful year, the stock market is expected to stabilize in the near term, given the cooling inflationary pressures. Moreover, economists expect a soft landing is possible for the economy. However, as uncertainties remain, new investors could consider investing in fundamentally strong stocks, Verizon Communications (VZ) and Campbell Soup…

Fortune

2022 killed the cheap money era. Here's what the next decade has in store

“I think you occasionally get a turning of the investment and economic age, and we're at one of those now after over a decade of near-zero interest rates,” said George Ball, chairman of Sanders Morris Harris.

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news in one place.

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The Independent UK

Ukraine news – live: No place in Bakhmut ‘not covered with blood’, says Zelensky

Vladimir Putin’s forces increasingly diminished at epicentre of fighting in Donbas, analysts believe

StockNews.com

3 Hyper-Growth Stocks to Buy for Big Gains

With recent economic data showing promise, the chances of a soft landing for the economy are increasing. Hence, it could be wise to invest in fundamentally sound stocks CVS Health (CVS), Ooma (OOMA), and Neurocrine Biosciences (NBIX), which possess solid growth attributes. Read on….

Dynamite News

Amid Pak Terror Threat, Locals, Migrants Work Jointly To Drive Kashmir's Economy

Migrant workers have become a prime force that drives Kashmir's economy and development, according to the latest report. Read on for details:

Insider UK

Scotland’s international outlook ‘vital’ to help the country's economy, Angus Robertson says

Nine international agencies will keep working to attract jobs and investment

The News Lens

What’s in Store for Emerging Asian Economies in 2023?

Many economies in the region could be in for a bumpy ride next year, but some may also be set to benefit as companies diversify investments from the Chinese market.

Zenger

Researcher: As Inflation Rises, World Faces A Recession In 2023

The global economy breached $100 trillion in 2022 but will stall in 2023 in the backdrop of policymakers fighting inflation.

Al Jazeera

From China to inflation, 5 economic trends to watch in 2023

The global economy is facing risks and opportunities next year from rising interest rates to China’s reopening.

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