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The Latest Breaking News from GDP

Recession Fears Grow But Could This Be Bullish For Bitcoin?

US GDP contracted by 1.4% in Q1 2022 as recession fears heighten. This is bullish for risk assets like Bitcoin and equities in my opinion, as the Federal Reserve may become less hawkish to avoid a recession.

Benzinga

Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Guardian - UK

Bitcoin, Ethereum Struggle To Hit Key Levels, Dogecoin Slips: Why This Analyst Thinks US GDP Fall Could Boost Apex Crypto

Bitcoin traded in the green on Thursday evening but failed to cross the key $40,000 barrier in intraday trading, as the global cryptocurrency market cap rose 1.2% to $1.8 trillion.

Benzinga

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Apple warns of potential $US8 billion hit to earnings, Amazon shares plunge, ASX recovers

Apple and Amazon shares tumble in after-hours trade as they warn of inflation and supply constraints, while Australian shares follow Wall Street higher as investors shrug off downbeat GDP figures in the United States.

ABC News

Markets Surge Despite Drop In US GDP

U.S. indices traded higher Thursday despite a drop in U.S. GDP. Strength in stocks is possibly due to better-than-expected quarterly earnings from multiple companies as well as a rebound following a selloff earlier in the week.

Benzinga

Drop in US GDP challenges Biden's pitch to voters

The latest report on gross domestic product is complicating President Joe Biden’s pitch that the U.S. economy is strong

The Independent UK

'Warning Sign': Experts React To Surprise 1.4% Drop In US GDP

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.

Benzinga

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What's Going On With Apple Shares Today?

Shares of several companies in the broader tech sector, including Apple Inc (NASDAQ: AAPL), are trading higher despite a drop in U.S. GDP.

Benzinga

Surprise Negative GDP Report Could Hurt Premarket Rally

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

Benzinga

US economy posts surprise contraction, belying solid consumer picture

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to solid consumer demand.

Tribune News Service

Economy shrinks for first time in nearly two years

But the details are not as alarming as the headline would suggest.

Axios

Economic Data Scheduled For Thursday

Gross Domestic Product report for the first quarter will be released at 8:30 a.m. ET. Analysts expect Q1 GDP slowing sharply to 1.1% annualized growth from Q4 growth of 6.9%. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims…

Benzinga

Jim Chalmers says the current government has taxed, borrowed and spent more than Labor did. Is that correct?

Shadow Treasurer Jim Chalmers says the current government has taxed, borrowed and spent more than the previous Labor government. RMIT ABC Fact Check takes a look at his claim.

ABC News

April 28th is Pivotal Day for Stock Market

Bulls and bears have been squabbling over the direction of the stock market (SPY) since the start of the year. Right now the bears are winning. But the bulls have not lost hope because the economy seems to be in fine shape. That may all change Thursday morning, April 28th…

StockNews.com

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Newsroom.co.nz

Is NZ's economic growth uneconomic?

GDP is a seriously flawed indicator of human wellbeing. We have been conditioned to mistake dollar value for things that really matter, argues Jack Santa Barbara

The Hindu

The goal of an energy-secure South Asia

While universal coverage can catalyse the region’s economic growth, energy trade must be linked to peace building

The Guardian - UK

The key to winning the climate debate isn’t economics: it’s health

The environment ranks low in polls of the public’s fears, while sickness ranks top. Yet we will all get more ill as the planet heats

Reuters

Shanghai's economy slows as COVID deals blow to industry, retail

The economy of Shanghai, China's most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country's most serious COVID outbreak.

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ABC News

The Prime Minister's failure to establish a federal ICAC looks like a broken promise

The Prime Minister blamed a lack of "bipartisan support" for his government's failure to establish a federal anti-corruption body. But the evidence suggests it's a broken promise.

Bangkok Post

What is S Korea's president-elect facing?

Last month, South Korean voters elected Yoon Suk-yoel as their next president. It was a hotly contested race, which Mr Yoon won by a razor-thin margin of just 0.7%. What will the conservative People Power Party candidate's victory mean for South Korea and East Asia?

The Guardian - AU

Factcheck: the Coalition says Labor always ‘takes China’s side’, but are the parties’ positions so different?

Did the opposition call Scott Morrison a ‘racist’ for shutting the border to China at the start of pandemic? Let’s look at the record

Bangkok Post

Global tourism to recover from Covid-19 pandemic by 2023

The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on Thursday.

Benzinga

Tourism Industry Growth Rate To Surpass Global GDP Growth: Reuters

According to World Travel and Tourism Council (WTTC), the global travel and tourism sectors are projected to return to pre-pandemic levels in 2023, and the growth rate will outpace global gross domestic product (GDP) growth.

Bangkok Post

Global tourism to recover by 2023, post 10-year growth spurt

MANILA: The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on Thursday.

Asharq Al-Awsat

Saudi GDP Expected to Grow to $895 Bln in 2025

A Saudi economic indicator announced on Wednesday its estimates that the Kingdom's GDP will reach SAR 3 trillion ($895 billion) in 2025, emphasizing the balanced growth of the national economy during the last period. The index, run by the Research and Information Center at the Chamber of Commerce and Industry…

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