By David Shepardson and David Lawder WASHINGTON (Reuters) – The White House said Wednesday it is proposing to cut in half the delay before executive branch officials can comment on …
Economic
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DUBAI (Reuters) – Kuwait’s economic recovery is ongoing but risks to the oil producer’s outlook “remain substantial” and gridlock between the government and parliament continues to delay reforms, the International …
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White House: China economic data less transparent in recent months
by Reutersby ReutersBy Andrea Shalal and David Ljunggren (Reuters) – The United States on Tuesday criticized China for reducing the transparency of its reporting on basic economic data in recent months, and …
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Putin says Russia faces big economic challenges, must keep inflation in check
by Reutersby ReutersMOSCOW (Reuters) – Russian President Vladimir Putin said on Tuesday that inflationary risks were rising and he told the government and central bank to keep the situation under control. The …
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China urgently needs to address economic uncertainty – EU business group chief
by Reutersby ReutersBy Laurie Chen BEIJING (Reuters) – The head of an influential European business lobby in China said Beijing needs to send a clear message on how it plans to revive …
- Business News
U.S. stocks may start to question economic resilience, says Morgan Stanley
by Reutersby Reuters(Reuters) – The S&P 500 will likely struggle to make more headway after rallying almost 14% so far this year as investors start to question the sustainability of the U.S. …
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By Jeanny Kao and Faith Hung TAIPEI (Reuters) – Taiwan’s export-dependent economy will probably grow at its slowest pace in eight years this year, the government’s statistics office said on …
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Fed Chair Powell to give economic outlook at Jackson Hole Aug 25
by Reutersby Reuters(Reuters) – Federal Reserve Chair Jerome Powell will deliver a talk on the economic outlook on Aug. 25 at the central bankers’ confab held each year in Jackson Hole, Wyoming …
- Business News
Analysis-Bond market’s newfound economic optimism may be shortsighted
by Reutersby ReutersBy Shankar Ramakrishnan and Davide Barbuscia (Reuters) – In recent weeks, U.S. bond markets have bought into the prospect of a “soft landing,” prompting some investors to question whether they …
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Biden Asks Congress For Additional $24 Billion In Military, Economic Aid For Ukraine
Biden Asks Congress For Additional $24 Billion In Military, Economic Aid For Ukraine Micaela Burrow on August 10, 2023 The White House asked Congress for $24 billion dollars in supplementary …
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SYDNEY (Reuters) – Australian consumer sentiment slipped in August as a decision by the country’s central bank not to hike interest rates for a second month did little to soothe …
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Biden’s Burdensome Regulations Are Contributing To Lackluster Economic Productivity, Experts Say
Biden’s Burdensome Regulations Are Contributing To Lackluster Economic Productivity, Experts Say Will Kessler on August 7, 2023 Labor productivity reached 1.3% growth year-over-year for the second quarter of 2023 after …
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JPMorgan raises US economic growth estimate, no longer expects 2023 recession
by Reutersby Reuters(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth estimate as the economy expands …
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Jobs Market Cools Following Unexpectedly High Economic Growth
Jobs Market Cools Following Unexpectedly High Economic Growth Will Kessler on August 4, 2023 The U.S. added 187,000 jobs in July, less than economists expected, as the unemployment rate fell …
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Global money market funds see largest inflows since March amid US downgrade, economic woes
by Reutersby Reuters(Reuters) – Global money market funds attracted massive inflows in the week to Aug. 2 as investors sought safer assets amid a U.S. credit downgrade and weak economic data from …
- US and World News
Economic worries could cost Biden some of his 2020 supporters -Reuters/Ipsos
by Reutersby ReutersBy Jason Lange and Andrea Shalal WASHINGTON (Reuters) – Many Americans who voted for U.S. President Joe Biden in 2020 say they believe the economy has faired poorly under his …
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World Economic Forum Removes Vivek Ramaswamy’s Name From ‘Young Global Leader’ List After Lawsuit
World Economic Forum Removes Vivek Ramaswamy’s Name From ‘Young Global Leader’ List After Lawsuit Harold Hutchison on August 1, 2023 The World Economic Forum (WEF) removed Republican presidential candidate Vivek …
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China pledges financing support for small firms amid weak economic recovery
by Reutersby ReutersBEIJING (Reuters) – Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to small businesses, suggesting an urgency among policymakers to revive the private sector amid …
- Breaking News
Governor Murphy to Lead Nine Day Economic Mission to Far East
by Phil Stiltonby Phil StiltonTRENTON, NJ – New Jersey Governor Phil Murphy has announced that he will lead a nine-day economic mission to East Asia in October, with visits to Japan and South Korea. …
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Experts See Red Flags Even As Biden Takes Victory Lap On Economic Growth
Experts See Red Flags Even As Biden Takes Victory Lap On Economic Growth Will Kessler on July 31, 2023 The Biden administration is touting the unexpectedly good Growth Domestic Product …
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DeSantis Unveils Economic Policy Plan If Elected President In 2024
DeSantis Unveils Economic Policy Plan If Elected President In 2024 Mary Lou Masters on July 31, 2023 Florida Gov. Ron DeSantis announced on Monday his 10-point economic plan if elected …
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Biden heads to Arizona, other Western states to tout his economic policies
by Reutersby ReutersBy Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will travel to the key battleground state of Arizona and two other Western states next week as part of a …
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‘Hard Truths’: Nikki Haley Slams Republicans For Role In Economic Decline
‘Hard Truths’: Nikki Haley Slams Republicans For Role In Economic Decline Harold Hutchison on July 28, 2023 Former Ambassador to the United Nations Nikki Haley ripped Republicans for playing a …
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Fox News Host Says Republicans Should Prevent Biden From Having An ‘Economic Lane’ In 2024
Fox News Host Says Republicans Should Prevent Biden From Having An ‘Economic Lane’ In 2024 Harold Hutchison on July 28, 2023 Fox News host Laura Ingraham warned Republicans Friday to …
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US card companies’ wager on China travel boost hit by economic gloom
by Reutersby ReutersBy Manya Saini and Niket Nishant (Reuters) – Visa and Mastercard, which bet on China to boost travel spending, have had to contend with a disappointing first half of the …