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The Latest Breaking News from GDP

While India is set to become the third largest economy in the world in 2028, 80 crore Indians will still be receiving free foodgrains to stave off hunger

The Hindu

Are These 3 China Stocks Buying Opportunity?

China's economy is staged for significant growth, buoyed by robust GDP growth, elevated forecasts, and proactive government measures to spur recovery. Amid this, could Chinese stocks New Oriental Education & Technology (EDU), JD.com (JD) and FinVolution (FINV) make ideal buys? Let's find out.

StockNews.com

BBC Scotland editor changes Grangemouth report over 'incorrect' data

THE BBC has updated a story about the closure of Grangemouth oil refinery after an “incorrect” statement was included ...

The National (Scotland)

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Living standards, tax levels and other historical benchmarks

Disposable income is likely to be 3.5% lower in 2024/25 than before the Covid-19 pandemic.

The Independent UK

OPINION - Jeremy Hunt cuts taxes – but they're still going up

There is only one activity less productive than watching the Autumn Statement, and that is watching the prime minister's questions that precedes it. Every question even tangentially related to tax and spend receives the rote reply: "I would not want to pre-empt my honourable friend the chancellor". Perish the thought.

Evening Standard

UK tax burden remains set for post-war record high, despite cuts

Nearly four million additional workers are likely to be brought into the tax system between 2022/23 and 2028/29.

The Independent UK

Sluggish economic growth on the cards until 2027 says OBR

Watchdog says GDP will only advance by 0.7% next year compared with its previous projection of 1.8%

Evening Standard

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What to expect in the autumn statement 2023

From Whitehall to welfare and pay to pensions, here is what Jeremy Hunt is likely to announce

The Guardian - UK

Outdoor recreation contributed over $1 trillion to the US economy in 2022

Outdoors adventures accounted for 2.2% of the US’s GDP in 2022 – more than oil/gas extraction and mining combined

Advnture

AVIXA Report: Sales Growth Rebounds as U.S. GDP Stuns

The expansion is solid, but integrators are still being impacted by nagging supply chain issues and other economic factors.

AVNetwork

The claim of India’s GDP reaching the $4 trillion mark is bogus and fake, says Congress

Congress alleges Union Ministers shared "fake news" that India's GDP crossed $4T to generate euphoria. Unverified screenshot shared by BJP leaders, but sources claim news incorrect as India's GDP yet to achieve landmark. Live tracking of GDP figures difficult due to data time lag.

The Hindu

State government working towards empowering cooperatives, says Chief Minister

CM Siddaramaiah says State govt taking steps to empower co-ops. Incentive for milk farmers raised to ₹8/litre, zero-interest farm loans up to ₹5 lakh. Membership fees paid for SC/ST/women members. Suggestion to deposit govt funds in co-ops to be seriously considered. 8.5 lakh co-ops, 46,500 in Karnataka, can lead to…

The Hindu

Consumers Have $1 Trillion More Savings Post-Pandemic: The Kiplinger Letter

GDP data show Americans have more savings than they did pre-pandemic.

Kiplinger

State of the economy — temper the euphoria

If official spokespersons enlarged the frame of economic assessment, a few stark facts come into focus

The Hindu

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Barchart

Dollar Finds Support on Better-Than-Expected U.S. Economic News

The dollar index (DXY00 ) on Wednesday rose by +0.34%. The dollar Wednesday rose moderately and found support on better-than-expected U.S. economic news on Oct retail sales and the Nov Empire manufacturing survey. Also, higher T-note yields on Wednesday benefited the dollar. Wednesday’s rally in stocks curbed liquidity demand for...

PC Gamer

There's a new naming scheme for future PCIe cables but PCI-SIG hasn't really explained what it's all about

We might know more details about it all fairly soon but don't hold your breath.

Barchart

Stocks Push Higher on Improved Soft-Landing Prospects

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.35%. Stocks this morning extended Tuesday’s sharp gains, with the...

Barchart

Markets Today: Stocks Extend Tuesday’s Gains on a Soft U.S. Oct PPI Report

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.23% at a 2-month high, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.42% at a 3-3/4 month high. Stock index futures are moderately higher this morning, adding to Tuesday’s gains on signs that price pressures eased...

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The National (Scotland)

'Minimum wage is destroying jobs and must be cut', Liz Truss's economy group claims

A group of economists brought together by former prime minister Liz Truss says the minimum wage should be frozen and then cut.

The Independent UK

Truss-backed economists say minimum wage is ‘destroying jobs’ and call for cut

Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission.

Barchart

Stock Index Futures Climb as Bond Yields Retreat

December S&P 500 futures (ESZ23) are up +0.38%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.34% this morning as U.S. Treasury yields retreated after Thursday’s surge on the back of hawkish remarks from Federal Reserve Chair Jerome Powell and a disappointing 30-year note auction.

Barchart

Stock Index Futures Mixed as Powell’s Hawkish Comments Weigh on Sentiment

December S&P 500 futures (ESZ23) are up +0.08%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.16% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.

Barchart

Stock Index Futures Drop as Powell’s Hawkish Comments Weigh on Sentiment

December S&P 500 futures (ESZ23) are down -0.14%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.32% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.

Barchart

S&P Futures Muted as Powell’s Hawkish Comments Weigh on Sentiment

December S&P 500 futures (ESZ23) are trending down -0.04% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.

The Guardian - UK

UK a ‘stagnation nation’ after economy fails to grow; Alison Rose to lose £7.6m over Farage row – as it happened

Rolling coverage of the latest economic and financial news, as UK GDP is unchanged in July-Setptember

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