Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
U.S. power use to reach record high in 2022 as economy grows, weather hotter -EIA
(Reuters) – U.S. power consumption will rise to a record high in 2022 due to rising economic activity and hotter summer weather, the U.S. Energy Information Administration (EIA) said in its Short-Term…
Indonesian president to order stress test for economy amid global uncertainty
JAKARTA (Reuters) – Indonesian President Joko Widodo said he will order his administration to run a stress test to determine whether Southeast Asia’s largest economy could withstand significant economic shocks amid fears…
UK finance minister says growth plan will address challenges as economy shrinks
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said on Wednesday that the government’s growth plan will address the challenges faced by the country after the latest data showed the economy had…
JPMorgan Chase CEO Issues Another Warning On US Economy: ‘This Is Serious’
JPMorgan Chase CEO Issues Another Warning On US Economy: ‘This Is Serious’ Harold Hutchison on October 10, 2022 JPMorgan Chase CEO Jamie Dimon warned Monday that a major stock market could…
Uber, Lyft slump as U.S. proposal on workers a potential blow to gig economy
(Reuters) – Shares of Uber Inc, Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a U.S. proposal to deter companies from treating workers as independent contractors would…
Bridgewater’s Dalio warns of a ‘perfect storm’ for economy
By Carolina Mandl GREENWICH, Conn. (Reuters) – Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world’s biggest hedge funds, said a “perfect storm” is forming that will…
Vietnam economy seen growing 8% in 2022, beating official target – govt
HANOI (Reuters) – Vietnam’s economy is expected to grow 8% this year, beating an official target for an expansion of 6.0%-6.5%, the government said on Tuesday. The country’s exports are forecast to…
ORTIZ: America’s Economy Is Approaching The Point Of No Return. Here’s How To Save It From The Biden Admin
ORTIZ: America’s Economy Is Approaching The Point Of No Return. Here’s How To Save It From The Biden Admin Alfredo Ortiz on October 7, 2022 The job market continues to cool…
OPEC oil cuts bad for global economy, says U.S.’s Yellen -FT
(Reuters) – U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was “unhelpful and unwise” for the global economy, especially emerging markets, the Financial Times…
Ukraine’s economy shrank by 30% in first three quarters of 2022
(Reuters) – Ukraine’s economy shrank by an estimated 30% in the first three quarters of 2022 compared with the same period in 2021, largely due to Russia’s invasion, the economy ministry said…
Italy business lobby cuts 2023 economy growth forecast to zero on energy concerns
MILAN (Reuters) – The Italian economy will grow more than expected in 2022 but will stagnate in 2023, the country’s main business lobby said on Saturday, warning that tensions between the European…
‘Dirty Stuff’: Steve Forbes Accuses Biden Of Undermining The Economy To Win Midterm Votes
‘Dirty Stuff’: Steve Forbes Accuses Biden Of Undermining The Economy To Win Midterm Votes Harold Hutchison on October 7, 2022 Former Republican presidential candidate Steve Forbes accused President Joe Biden of…
Biden’s Treasury Department Creates ‘Racial Equity’ Task Force To Look For Racism In The Economy
Biden’s Treasury Department Creates ‘Racial Equity’ Task Force To Look For Racism In The Economy John Hugh DeMastri on October 4, 2022 The Treasury Department announced the formation of the Treasury…
Greek economy to grow by 2.1% in 2023 from 5.3% this year – fiscal council report
ATHENS (Reuters) – Greece’s economy is expected to grow by 2.1% in 2023 from 5.3% this year, according to a report by the country’s fiscal council which was published on Monday. The…
Malaysia’s weakening ringgit not reflecting state of economy – cenbank
KUALA LUMPUR (Reuters) – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor said on…
Explainer-How worried should we be about Pakistan’s economy?
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Concerns are rising again over the health of Pakistan’s economy as foreign reserves run low, the local currency weakens and inflation stands at decades-high levels…
Japan warns market fluctuations could impact economy
By Daniel Leussink TOKYO (Reuters) – Japan’s government on Friday warned that attention should be paid to any possible impact of financial market fluctuations on the economic outlook, while affirming its view…
Exclusive-JPMorgan to hire about 2,000 engineers even as economy softens
By Lananh Nguyen PLANO, Texas (Reuters) – JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information…
UK Economy In Shambles As Central Bank Tries To Stop A Full-Blown Financial Crisis
UK Economy In Shambles As Central Bank Tries To Stop A Full-Blown Financial Crisis John Hugh DeMastri on September 28, 2022 Following sweeping tax cuts Friday that led to collapsing prices…
Swedish economy set to grind to a halt as inflation bites
STOCKHOLM (Reuters) – Sweden’s economic growth will grind to a halt next year amid soaring inflation and interest rate rises, casting a pall over households and businesses as they prepare for rough…
Soaring power costs leave Slovakia economy at risk of collapse, PM tells FT
(Reuters) – Slovakia’s Prime Minister Eduard Heger said that soaring electricity costs had left the country’s economy at risk of “collapse”, the Financial Times reported on Wednesday. Heger said that the increase…
White House’s Deese says strong dollar reflects strength of U.S. economy
WASHINGTON (Reuters) – Now more than ever, the strength of the U.S. dollar reflects the relative strength of the U.S. economy, White House economic adviser Brian Deese told reporters on Tuesday. “In…
Fed’s Daly: do not want to tip economy into downturn
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently…
SHEFFIELD: Despite Rising Consumer Confidence, Biden’s Economy Still Can’t Hold A Candle To Trump’s
SHEFFIELD: Despite Rising Consumer Confidence, Biden’s Economy Still Can’t Hold A Candle To Trump’s Carrie Sheffield on September 27, 2022 Consumer confidence is still far below the record highs set under…
German economy facing recession, Ifo surveys head says
BERLIN (Reuters) – The German economy is facing recession and almost all sectors are in the red, the Ifo surveys head Klaus Wohlrabe told Reuters on Monday. Energy intensive industries are particularly…
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