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The Latest Breaking News from Economy

Jiang Zemin propelled China's economic rise in the world, leaving his successors to deal with the massive inequality that followed

By the summer of 1989, a series of problems were threatening China’s stability. Soaring inflation was undermining the economy at home while the violent suppression of Tiananmen Square demonstrations had left it largely a pariah state abroad. Yet within a few years the nation rebounded – beginning two decades of…

The Conversation

3 Stocks That Can Help Ease Your Recession Fears

Major macroeconomic headwinds have heightened recessionary fears in the economy. Moreover, the Fed will likely keep raising rates next year as well. Amid fears of a downturn, fundamentally strong stocks PepsiCo (PEP), Humana (HUM), and Weis Markets (WMK) might be ideal investments based on their stable and consistent dividend history.…

StockNews.com

An inflation gauge tracked by the Fed slows to still-high 6%

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices

The Independent UK

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‘Sand is like gold.’ The pricey race to restore Florida beaches before the next hurricane

MIAMI — Florida’s sandy beaches aren’t just beautiful and one of the biggest money-makers in the state’s tourism-based economy. They’re also the first line of defense against storm surge flooding during hurricanes.

Miami Herald

The 5 Best ETFs to Buy Now for December 2022

While the stock market witnessed a rally with Fed chair Powell hinting at slower interest rate hikes, many experts believe the economy will slide into a recession next year. Therefore, equities will likely remain under pressure. Amid an uncertain market outlook, we think dividend-paying ETFs SPDR Dow Jones (DIA), iShares…

StockNews.com

One of us is a millionaire, the other a care worker. The cruel divide between rich and poor disgusts us both

This cost of living crisis is disastrous for one of us and will barely touch the other. The best answer is a wealth tax, say millionaire investor Julia Davies and care worker Winsome Hill

The Guardian - UK

Tory MSP calls for government action to halt decline of Lanarkshire's town centres

Graham Simpson's call follows the publication of a report by the Scottish Parliament’s Economy and Fair Work Committee

Daily Record

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2023 will be a 'bad year' and energy prices will get higher but economy should recover, budgetary watchdog says

Irish Fiscal Advisory Council (Ifac) chairman Sebastian Barnes warned there are a number of factors that could “tip” the country into a much weaker economic situation

Irish Mirror

Asian shares gain after Fed chair signals slower rate hikes

Shares have advanced in Asia after a rally on Wall Street spurred by the chair of the Federal Reserve's comments on easing the pace of interest rate hikes to tame inflation

The Independent UK

Zero-Covid: five charts that show how restrictions are throttling the Chinese economy

Three years into the pandemic, China is still relying on snap lockdowns and mass testing – and that could spell trouble for the global economy

The Guardian - AU

Australians are worried about govt corruption: here are three ways to help fix it

Every year the global economy loses billions to corruption. Measures to combat it have a mixed track record.

360info

Is the Bear Market Over???

The S&P 500 (SPY) quickly dispensed with 2 key levels of resistance on Wednesday following statements by Fed Chairman Powell. Now more people are contemplating that the 2022 bear market may be over and time to get more bullish. 40 year investment veteran Steve Reitmeister weighs in on this timely…

StockNews.com

How are Thais spending so much now?

Third-quarter GDP growth for 2022 (Q3/2022) is 4.5% -- substantially higher than the expected 4%. The main driving factor is robust private consumption -- not tourism income -- which expanded 9% in real terms and 15.7% in nominal terms, compared to the same quarter last year. On the surface, this…

Bangkok Post

BoT hikes policy rate as recovery gathers steam

The Bank of Thailand believes the country's economy will take off in the final quarter of this year and return to pre-pandemic growth levels.

Bangkok Post

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Fortune

Aging boomers are making it harder to tame inflation

Older Americans aren’t returning to the workforce, and that has major implications for inflation and the U.S. economy long term.

StockNews.com

2 Defensive Stocks That Deserve a Spot in Your Portfolio

Despite widespread market volatility and rising recession fears, the U.S. economy looks resilient enough to deal with a palpable growth slowdown. Experts are hopeful that the broader markets will stabilize eventually. Amid this, investors should exercise caution and consider adding fundamentally strong and defensive stocks Altria Group (MO) and Sprouts…

Fortune

Elon Musk just accused the Fed of ‘massively amplifying’ the risk of a severe recession

The Tesla and Twitter CEO has suffered major stock dips this year, but there’s little chance of a Fed pivot.

Tribune News Service

US job openings fall to 10.3 million in hopeful sign for Fed

U.S. job openings fell in October, reversing a surprise jump in the prior month, in a hopeful sign for the Federal Reserve as it seeks to curb demand across the economy.

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Daily Mirror

Louis Theroux reveals moment he saw 'behind the veil' working for the BBC

Louis Theroux had a two-decade-long partnership with the BBC. He spoke about flying economy while the execs 'lived the highlife'

StockNews.com

2 Stocks You'll Be Glad You Bought at These Prices

With inflation finally showing signs of cooling down and the Fed hinting at less aggressive interest rate hikes, the stock market is experiencing a modest rally. Analysts believe the economy is resilient enough to avoid a recession and attain a soft landing. Therefore, investors could now invest in attractively priced…

Fortune

Tech’s latest gold rush is selling influencers the tools they need to influence you

Providing social media influencers with tech tools and services is a hot industry. Can it survive the cooling economy?

Asharq Al-Awsat

Jordan’s Draft 2023 Budget Forecasts Lower Deficit, Steady Economic Growth

Finance Minister Mohamad Al Ississ said on Wednesday that Jordan's draft 2023 budget forecasts 11.4 billion dinars ($16 billion) in state expenditure as the economy's recovery gathers pace. Al Ississ said in a statement the budget deficit was expected to fall to 2.9% of GDP next year from 3.4% this…

Al Jazeera

US revises up last quarter’s economic growth to 2.9 percent

Wednesday’s data shows that last quarter’s GDP uptick was led by solid gains in exports and consumer spending.

The Times of India

India on track to achieve 6.8-7% GDP growth this fiscal: CEA Anantha Nageswaran

NEW DELHI: The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, chief economic advisor (CEA) V Anantha Nageswaran said on Wednesday.

Newslaundry

Using data to tell the story of India’s infrastructure issues, and the way ahead

In October 1963, while inaugurating the Bhakra dam on the Sutlej river in Himachal Pradesh, then prime minister Jawaharlal Nehru used the evocative phrase “temples of modern India” to describe the infrastructural milestones in the formative years of India’s post-Independence economic rebuilding. The dam, which took nearly 15 years to…

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