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The Latest Breaking News from GDP

Political Pulse / Kishida aims to beef up defense, tackle bureaucratic sectionalism

Prime Minister Fumio Kishida has set several goals to bolster Japan's deterrence capability. One of these goals is to increase the defense budget over the next five years to match the North Atlantic Treaty Organization target of 2% of gross domestic product. Historically, Japan has limited its defense spending to…

The Japan News/Yomiuri

The Recession Has Been Delayed Due to Lack of Interest

In spite of gloomy forecasts, the U.S. economy managed to grow in the latest quarter.

The Street

Kiplinger GDP Outlook: Q3’s Solid Growth Pace Not Likely to Last

GDP growth was likely solid, but the economy is poised to downshift to 2.0% quarterly through 2025.

Kiplinger

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Housing is hammered in the Fed's war on inflation

New GDP data show sharp contraction in residential investment.

Axios

Even as US economic recovery rebounds, demand stalls

US economy snapped two straight quarters of GDP decline to grow 2.6 percent, but domestic demand weakened.

Al Jazeera

Latest GDP Numbers Aren't Calming Recession Fears

The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.

Reason

US Jobless Claims Rise Slightly, GDP Tops Expectations Ahead Of Fed's November Interest Rate Decision

U.S. initial jobless claims ticked higher last week, but came in below economist estimates and still remain near historically low levels.

Benzinga

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US Stocks On Track For Mixed Start As Nasdaq Futures Sag Yet Again Amid Big Tech Woes; Traders Look Ahead To Q3 GDP Data, Apple, Amazon Earnings

Trading in the U.S. index futures points to a mixed opening by Wall Street stocks on Thursday, as tech earnings continue to disappoint.

Benzinga

US Stock Futures Mostly Higher Ahead Of GDP, Jobless Claims Data; Apple, Amazon Earnings In Focus

Pre-open movers U.S. stock futures traded mostly higher in early pre-market trade on Thursday after closing mostly lower in the previous session. The Nasdaq index dipped by more than 200 points on Wednesday following weak earnings results from Alphabet Inc. (NASDAQ: GOOG).

Benzinga

Stocks Mixed, Meta, Ford, Apple And Twitter In Focus - Five Things To Know

Stocks futures higher with earnings, rates, GDP data in sight; Meta shares plunge on grim Q3 update, metaverse losses; Ford slides on narrowed profit guidance, charge to exit self-driving business; Apple slips ahead of Q4 earnings with outlook in focus and Twitter shares to be suspended as Musk takeover looms.

The Street

New GDP report shows an economic turnaround, but don't be fooled

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

WEKU

Nato ally Estonia urges Rishi Sunak to increase UK defence spending

Mr Sunak has not matched a pledge by his predecessor Liz Truss to boost defence spending from 2% to 3% of GDP by 2030.

The Independent UK

What a Positive GDP Report Means for Investors

Wall Street is expecting a positive GDP report on Thursday, which could impact the markets as investors grapple with disappointing earnings from Microsoft and Alphabet.

The Street

Alan Kohler: Jim Chalmers delivers a responsible budget, with no repair and no relief

The last time a new government brought down its first budget, in 2014, it was a disaster for all concerned.

The New Daily

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StockNews.com

2 Genius Stocks to Buy and Hold This Fall

Despite rising recession odds, the GDP growth expectations for the third quarter and improved consumer in September should bode well for the stock market. Therefore, fundamentally sound stocks Coca-Cola (KO) and Energy Transfer (ET) might be great buy-and-hold options this fall. Read on….

ABC News

Jim Chalmers just handed down his first federal budget, but did he get his facts straight?

Did the Treasurer get his facts straight in Labor's first budget speech in a decade? RMIT ABC Fact Check investigates.

The Street

Undervalued or Overvalued, Where Do Equities Stand?

During the first nine months of 2022, the S&P 500 lost a quarter of its value while the NASDAQ fell by a third. So, are equities now undervalued? The answer may come as a surprise.

The Guardian - AU

Six graphs that explain the 2022 federal budget: rosy views mugged by reality

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

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news in one place.

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The Guardian - AU

Jim Chalmers’ first budget comes amid a darkening economic outlook. Here’s what could go wrong

The federal budget forecasts growth of 3.25% this year but hints at a slowing global economy with high inflation and interest rates

Crikey

Chalmers sees a grim world ahead — or at least wants us to

If the government has so much extra revenue, why is the long-term deficit much worse now than it was in April?

The Conversation

‘The beginning of something new’: how the 2022-23 budget does things differently

Treasurer Jim Chalmers told reporters on Tuesday his first budget was “the beginning of something new and responsible”.

The Street

Stocks Edge Lower, Week Ahead, Fed Pivot, Boris Johnson And Tesla - Five Things To Know

Stocks futures slip, dollar steadies after China market slump; Week Ahead: big tech earnings, GDP, inflation data in focus; Fed begins 'pivot' messaging; traders pare bets on big rate hikes; Boris Johnson exits race for UK Prime Minister, pound jumps and Tesla shares slide after surprise China EV price cut.

Bangkok Post

China Q3 GDP growth rebounds at faster pace but risks loom

BEIJING: China's economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.

AAP

Petrol price spike looms for motorists

Some retailers are already charging more than $2 a litre as cities move into the first new fuel cycle since petrol tax relief expired.

Reuters

Australia floods to dent Dec-qtr GDP, spur inflation - Treasurer

Widespread floods that have inundated large parts of Australia's southeast will dent the country's economic growth and increase inflation, Treasurer Jim Chalmers said on Friday, ahead of next week's federal budget.

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