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The Latest Breaking News from GDP

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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read the most diverse news in one place.

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

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'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

Stock Market Up Despite GDP Decline; Facebook, PayPal Gain On Earnings

The stock market gained as Facebook and PayPal rose on earnings, in spite of GDP falling.

Investors Business Daily

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 sees surprise Q1 contraction despite solid spending

Washington (AFP) - The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered activity and companies bought more foreign products to rebuild depleted inventories, in the latest complication for a country already struggling with record inflation.

AFP

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

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The Street

Stock Market Today - 4/28: Stocks Bounce Back, Tech Boost; GDP Disappoints, Apple In Focus

The Dow finishes up 600 points as the tech sector helps markets rebound from heavy losses.

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.

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…

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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

Crikey

By what measure is Australia’s economy leading the world? We went searching

The Coalition’s repeated claims that Australia’s economy is one of the world’s strongest can be refuted by simply looking at the numbers.

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

Crikey

University sector at a crossroads: report

The federal government is being urged to increase funding to save the higher education sector, badly hit by the COVID-19 pandemic.

The Street

Stocks Slump on China Covid, Rate Worries, Twitter May Talk to Musk, Tesla, AT&T and Week Ahead In Focus - 5 Things To Know

Stock futures slump on China Covid worries, fed rate bets; Week Ahead: earnings, inflation and GDP in focus; Twitter shares higher on report of takeover talks with Elon Musk; Tesla shares slip as Shanghai extends Covid lockdown, Beijing orders testing and AT&T shares edge higher on Goldman 'buy' rating

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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Arnold Schwarzenegger

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