The Latest Breaking News from Economy

Ukraine creditors group: provides assurances to support IMF steps to help Ukraine

The Group of Creditors of Ukraine (GCU) body said on Friday that it had provided financing assurances to support the International Monetary Fund's (IMF) approval for an upper credit tranche programme to help restore Ukraine's economy.

Reuters · Mar 24, 2023

A fed official just said abandoning the 2% inflation target would be a 'disaster' that would send the world back to the '70s despite banking crisis

St. Louis Fed president Bullard told Bloomberg Friday he fears '70s-style inflation will hit the global economy if the Fed changes its inflation target.

Fortune · Mar 24, 2023

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Barchart · Mar 24, 2023

Biden Approval Dips Near Lowest Point, Finds Poll

Approval of President Joe Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration tries to project a sense of stability while confronting a pair of bank failures and inflation that remains stubbornly high. That’s according to a new poll by The…

Asharq Al-Awsat · Mar 24, 2023

Put entrepreneurs front and centre to revive global economy post-pandemic

Entrepreneurship brings jobs, turns ideas into new goods and services, and hastens structural change

Birmingham Post · Mar 24, 2023

Northern Ireland economy stagnating and outlook poor, accountants' body says

Chartered Accountants Ulster Society's survey blamed political instability and inflationary pressures but said opportunities from Windsor Framework exist if Executive gets back to work

Birmingham Post · Mar 24, 2023

3 Large-Cap Pharma Stocks to Protect Your Portfolio Through 2023

The worst banking crisis since 2008 could not stop the Fed from raising the benchmark interest rate. The possibility of further policy tightening and strict lending standards for banks might push the economy into a recession this year. Therefore, investing in large-cap pharma stocks Johnson & Johnson (JNJ), Merck &…

StockNews.com · Mar 24, 2023

Volcker slayed inflation. Bernanke saved the banks. Can Powell do both?

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.

Tribune News Service · Mar 24, 2023

4 Best Pharma Stocks to Buy for the Long Haul

With the persistent rise in lifestyle diseases, the pharmaceutical industry is well poised for strong growth in the long term. Also, with the Fed likely to keep increasing the interest rates, the economy is likely to enter a recession, making pharma stocks attractive investment options. Therefore, investors could look to…

StockNews.com · Mar 24, 2023

Retail sales bounce points to resilience of UK economy but reveals shifting shopping patterns

Valentine’s Day bargain hunters help power stronger-than-expected sales rise

Evening Standard · Mar 24, 2023