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The Latest Breaking News from GDP

Fitch Cuts China's 2022 GDP Forecast on COVID Hit

Fitch said on Tuesday it has cut China's GDP growth forecast for 2022 to 4.3% from 4.8%, saying pandemic-related disruptions have had an impact on the country's economy in the first two quarters of the year. The rating agency said it stills expects a quarter-over-quarter GDP contraction in the second…

Asharq Al-Awsat

Why Today’s Market Differs from the Stagflationary Stock Market Seen in the 70s

Monday stocks retested the S&P 500’s (SPY) lowest levels of the 2022 correction. Yes, shares bounced higher into the open. Unfortunately that tells us nothing about what comes next. So let's explore what is causing stocks to push to new lows...what the tea leaves say about where stocks go from…

StockNews.com

Anthony Albanese says debt and deficit have never been higher. Is that correct?

Opposition Leader Anthony Albanese says that debt and deficit in Australia have never been higher. RMIT ABC Fact Check takes a look at the history books.

ABC News

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Saudi Economy Grows by 9.6% in 1st Quarter of 2022, its Highest Since 2011

The General Authority for Statistics (GASTAT) published flash estimates of the Saudi Gross Domestic Product (GDP) growth rate for the first quarter of 2022, reported the Saudi Press Agency. The figures reveal that the GDP has made the highest growth rate in 10 years, achieving a growth of 9.6% during…

Asharq Al-Awsat

China’s financial, logistics and manufacturing giant struggles to get back on its feet as Covid lockdowns snarl logistics and restrict the workforce

Caixin Global

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

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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

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

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

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Tribune News Service

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.

Axios

Economy shrinks for first time in nearly two years

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

Benzinga

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…

ABC News

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.

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100's of premium titles.
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StockNews.com

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…

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.

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?

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