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The Latest Breaking News from Economy

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…

StockNews.com

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.

Fortune

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.

Tribune News Service

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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'

Daily Mirror

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…

StockNews.com

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?

Fortune

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…

Asharq Al-Awsat

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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.

Al Jazeera

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.

The Times of India

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…

Newslaundry

Inflation may now have peaked. The RBA must tread carefully

The next worry for Philip Lowe is he’ll have to apologise for raising interest rates longer than needed

The Guardian - AU

Layoffs mount: Twitter, tech, biotech firms chop 900-plus Bay Area jobs

SAN JOSE, California — Twitter and other companies have unveiled plans to chop more than 900 Bay Area jobs in a fresh round of tech and biotech layoffs that could jolt the region’s increasingly wobbly economy.

Tribune News Service

2 Stocks That Have Wall Street's Stamp of Approval

Despite rampant market volatility ahead of the November jobs data, and possible recession fears, experts believe the U.S. economy is resilient enough to handle a potential growth slowdown. Given the possibility of a year-end rally, quality stocks Pfizer (PFE) and AT&T (T) could now be ideal additions to your portfolio.…

StockNews.com

Indian economy grows 6.3% in Q2 of FY23; services shine, manufacturing & mining sectors drag

NEW DELHI: India's gross domestic product (GDP) for the period July-September 2022 grew by 6.3% , data released by the government showed on Wednesday.

The Times of India

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The Times of India

Government targets to cross 1 crore job-mark from digital economy in next 2 years: Ashwani Vaishnaw

NEW DELHI: The government has set a target to cross 1 crore job-mark in the next 2 years in three main segments of digital economy - electronics, startups and IT, and IT-enabled services, minister for IT and communications Ashwani Vaishnaw said on Wednesday.

Asharq Al-Awsat

Türkiye’s Economic Growth Slows to 3.9% in Q3 as Foreign Demand Falls

Türkiye’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a global slowdown put a drag on exports, but the tourism sector remained strong. Gross domestic product (GDP) contracted 0.1% from the previous…

Tribune News Service

Eduardo Porter: Migrant workers face worse choices than building World Cup stadiums

The global financial crisis of 2008 dealt a blow to thousands of Indian laborers. They were set to join hundreds of thousands of compatriots providing the workforce for a construction boom in Dubai. Then the world economy spasmed, the price of oil tanked and international finance dried up. Hundreds of…

The Times of India

Investors want more of India, says Goldman Sach’s Sengupta

NEW DELHI: Foreign investors are showing increased interest in India, as Asia’s third-largest economy ramps up its manufacturing capacity and improves infrastructure, said Santanu Sengupta, chief India economist at Goldman Sachs Group Inc.

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The Guardian - UK

Bulb Energy takeover by Octopus cleared; anger over HSBC branch closures; food inflation at record – as it happened

The UK’s sale of collapsed Bulb Energy to Octopus Energy will go ahead after it was approved by a London judge this afternoon

Tribune News Service

Congress poised to pass resolution to avoid rail strike

WASHINGTON — Aiming to avert a Dec. 9 railroad work stoppage estimated to cost the economy $2 billion a day, House and Senate leaders of both parties promised to pass legislation soon that would enact the White House’s rail union agreement that is opposed by most rail union workers.

The Independent UK

Britain and Ukraine sign digital trade agreement

Officials said the deal will guarantee Ukraine access to UK financial services as it rebuilds its shattered economy.

Los Angeles Times

Michael Hiltzik: Greedy railroads are to blame for rail strike threat. Why should Congress help them?

The prevailing take on the looming national rail crisis is that a few recalcitrant railroad unions are poised go on strike Dec. 9, provoking an industrywide labor walkout that would inflict a "crippling" blow to the U.S. economy.

The Independent UK

Railroad unions decry Biden's plan to block possible strike

President Joe Biden’s call for Congress to intervene in the railroad contract dispute undercuts efforts to address workers’ quality of life concerns and unions decried the move

Bangkok Post

Green energy, economy, equity are key

The challenge of climate change and environmental degradation is an existential threat which is increasingly recognised in all corners of the globe. Its urgency is all the more pressing because it harbours ill for our children and the next generations in terms of their survival and modus vivendi, unless comprehensive…

Bangkok Post

China's Economy Faces Challenges Despite Moves to Stimulate Growth

China's recent steps to adjust Covid-19 controls and revive activity in the beaten-down property market stirred hopes that Chinese leader Xi Jinping is putting fresh emphasis on measures to support the economy, potentially leading to a strong rebound in growth next year.

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