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The Latest Breaking News from Economy

US Retail Sales Surge, Rents Fall, Mortgage Rates Dip!

U.S. retail sales jump, fueling economy's growth. Rents fall by 2%, mortgage rates dip below 7% - promising trends for renters and first-time homeowners.

Top News

The gig economy has been steadily booming over the last decade. Millennials and Gen Zers helped it reach new heights in 2023

64 million Americans freelanced this year—an all-time high since freelancing platform Upwork began looking at such data a decade ago.

Fortune

With interest rate hikes in Jerome Powell’s rearview mirror, Wall Street starts a new guessing game: Timing when the Fed will cut

With Powell touting “progress” on inflation, the Fed predicted three rate hikes next year—but many on Wall Street see four or even five.

Fortune

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Is the spectre of inflation finally fading – and what could it mean for Biden?

For three years central banks in the US and Europe have been struggling to rein in price growth unseen in a generation

The Guardian - US

Argentine Economy Plunges into Recession, Analysts Declare

As I waltz my thoughts across the financial dance floor of Argentina, it becomes painstakingly evident that their economy may have been dipping its toes in the murky waters of a recession. Like a Tango, fraught with improvised moves and uncertain steps, the Argentine economy is said to be dancing…

Top News

Trump's 2024 Election Interference Case Paused by Federal Judge

Explore the pause on Donald Trump's election interference case, its impact on the 2024 campaign, Trump's strategies for Iowa caucuses, & shifting economy v...

Top News

BOE Douses Rate Cut Speculation; Stands Firm on England's Economy

Stepping into a dance with destiny, the Bank of England waltzes past whispers of a rate cut. Their sleek financial moves are leaving speculators in the swi...

Top News

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November Sees US Import Prices' Second Consecutive Drop

A playful twist on the US Economy! November exhibited a sassy back-to-back decline in US import prices. The economic rollercoaster continues!

Top News

Federal Reserve Announces Rate Cuts, Economy Heads Positive Direction

Fed plans for a decisive rate hike, aiming to avoid recession. The decision, promising rate cuts, leads Dow to a record high, hinting economic relief.

Top News

Kasaragod to host 36th Kerala Science Congress in Feb.

The 36th Kerala Science Congress will be held at the Government College, Kasaragod, from February 8 to 11 on the theme ‘Transforming Kerala’s economy through the One Health approach’.

The Hindu

US Retail Sales Bloom 0.3% Amid Festive November Splurge

Discover a splendid sprinkle of holiday cheer as US retail sales rise by 0.3% in November. Shoppers paint the town red, driving the economy forward!

Top News

Five major outcomes from the latest UN climate summit

The latest UN climate summit, COP28, was always going to be controversial. It was held in a state whose economy is heavily dependent on oil and gas – the United Arab Emirates. The summit president, Sultan Al Jaber, remains head of the Abu Dhabi National Oil Company and recently declared…

The Conversation

Mourning and worrying about the future in rural Egypt

As Egyptians worry about the economy, a rural family torn apart by tragedy faces a crisis without their main earners.

Al Jazeera

DIW Institute Slashes German GDP Predictions Post-Budget Cuts

Dance of numbers descends, as DIW Institute curbs German GDP forecasts in a striking symphony of budgetary trimmings. German economy, to the rhythm of change!

Top News

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Fortune

Vladimir Putin’s war in Ukraine has cost Russia’s economy 5% in growth, U.S. Treasury says

Russia plans big defense spending with inflation running high. But Vladimir Putin thinks the economy is doing great as it grows and keeps unemployment low.

Top News

Bank of England Holds Rate High Amid Economic Concerns

Unfazed by darkening economic clouds, the Bank of England bravely holds interest rates at a towering 15-year high. Economic forecast: cloudy with a chance ...

The Independent UK

Bank of England holds interest rates at 15-year-high as economy flirts with recession

The Bank of England has held interest rates at 5.25 per cent for the third consecutive time

The Guardian - UK

Bank of England holds rates at 5.25% as it gives inflation warning

Threadneedle Street says Britain faces tougher job to crush inflation than other advanced nations

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The Hindu

Five guarantees will boost economic growth in short run, says Mid Year Review of State Finances in Karnataka

Karnataka's guarantee schemes to support underprivileged positively influencing economy & boosting GSDP.

The Guardian - UK

It’s easy to condemn ‘eat out to help out’, but Sunak’s motivations were justified

The then chancellor was worried about the impact of lockdown on the economy and society. And who can say he was wrong? says the Guardian’s economics editor, Larry Elliott

The Independent UK

Stock market today: Asian shares are mostly higher after the Dow hits a record high, US dollar falls

Shares are mostly higher in Asia after a powerful rally across Wall Street sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year

The Independent UK

China's economy is forecast to slow sharply in 2024, the World Bank says, calling recovery 'fragile'

The World Bank is forecasting that China's economy will slow next year, with annual growth falling to 4.5% from 5.2% this year

Top News

November Inflation Nudges Up to 1.7% in Saudi Economy

Ta-da! Saudi's inflation rates take a minute hop, skip and jump in November, reaching 1.7%. A slight wrench in the gears, or cunning economic dance?

The Independent UK

With inflation down, people are talking rate cuts. The European Central Bank may say not so fast

The inflation plaguing European shoppers has fallen faster than expected

The Independent UK

Bank of England is set to hold interest rates at a 15-year high despite worries about the economy

The Bank of England is set to join its peers in the U.S. and Europe in keeping borrowing rates unchanged despite mounting worries over the state of the British economy

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