The Latest Breaking News from Economy

Biden Calls On Senate To Act As The Rail Strike Looms To Daily Economic Damage

The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a deal 

Zenger · Dec 2, 2022

2 Dow Stocks You Can Always Buy and Hold Onto

After the Fed Chair's assurance about the eventual rate hike slowdown, the Dow gained substantially and entered a new bull market. Moreover, the U.S. economy seems resilient enough to withstand any potential growth reduction. Therefore, investors could consider buying fundamentally sound Dow stocks Johnson & Johnson (JNJ) and Cisco Systems…

StockNews.com · Dec 2, 2022

EXPLAINER: 5 key takeaways from the November jobs report

For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control

The Independent UK · Dec 2, 2022

Biden signs bill to avert rail strike and says fight for paid sick leave ‘isn’t over’

President touted the “historic” 24 per cent wage increase the deal will provide workers over the next five years

The Independent UK · Dec 2, 2022

The Week Ahead: Why ‘isms’ are test for investors and the Federal Reserve

Investing is full of “isms.” Capitalism, optimism and pessimism are the three most common.

Miami Herald · Dec 2, 2022

Global economy must start bracing for low inflation, says Raghuram Rajan

The global economy could go back to a low inflation regime and central bankers pursuing restrictive monetary polices should keep that in mind, said Raghuram Rajan, a former governor of Reserve Bank of India (RBI).

The Times of India · Dec 2, 2022

Central bankers fear more volatile inflation

The global economy may be headed for a new era of volatile inflation, making it even more crucial to anchor expectations about where prices are headed, top central bank governors meeting in Bangkok warned on Friday.

Bangkok Post · Dec 2, 2022

U.S. economy adds 263,000 jobs in November

The figures are the latest signal of a roaring labor market that continues to defy fears of a recession.

Axios · Dec 2, 2022

How China's response to zero-COVID protests could affect global business

The recent protests in China against the country’s zero-COVID policy have been unprecedented in their scale, intensity and distribution. Protestors numbering in the thousands were reported in dozens of cities. Not since 1989’s Tiananmen Square protests has there been such widespread civil disobedience.

The Conversation · Dec 2, 2022

Malaysian PM Anwar will also hold finance post

KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim has appointed himself as finance minister, betting he’s the best person to sustain the country’s fragile post-pandemic recovery as the economy heads for a slowdown next year.

Bangkok Post · Dec 2, 2022