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,…
SHEFFIELD: Democrats Prove Yet Again Why They’re The Masters Of Torpedoing America’s Economy
SHEFFIELD: Democrats Prove Yet Again Why They’re The Masters Of Torpedoing America’s Economy Carrie Sheffield on August 11, 2022 We received another sign today that the astronomical inflation not seen in 40…
Thailand’s tourism-reliant economy likely gathered pace in Q2 – Reuters poll
By Anant Chandak BENGALURU – Thailand’s economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living…
Sick again, Argentine’s economy eats away at nation’s mental health -study
By Lucila Sigal BUENOS AIRES – Argentines mired in their country’s latest economic meltdown are experiencing a growing sense of hopelessness, according to a landmark mental health study that points to boom…
Canadian home buyers return to fixed-rate loans as economy wobbles
By Nichola Saminather TORONTO – Canadian home buyers are shifting to fixed-rate mortgages at the fastest pace in a year, on bets that more rate hikes from the central bank are in…
India could emerge as Asia’s strongest economy in 2022-23, says Morgan Stanley
(Reuters) – India could emerge as Asia’s strongest economy in 2022-2023 as it is best-positioned to generate robust domestic demand, helped by economic policy reforms, a young workforce and business investments, Morgan…
Malaysia’s economy likely grew at the fastest pace in a year in April-June – Reuters poll
By Anant Chandak BENGALURU – Malaysia’s economy grew at its fastest pace in a year last quarter, thanks to a strong rebound in private consumption and buoyant exports, but a global economic…
U.S. power use to reach record high in 2022 as economy grows, EIA says
(Reuters) – U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.…
POLL: Americans Haven’t Been This Pessimistic About The Economy Since The Housing Crisis
POLL: Americans Haven’t Been This Pessimistic About The Economy Since The Housing Crisis Harold Hutchison on August 8, 2022 Pessimism about the economy has reached its highest point since 2008, according to…
Argentina’s economy chief names new energy secretary
BUENOS AIRES – Argentina’s economy chief Sergio Massa appointed on Sunday a new head of the energy secretariat, which in recent years has doled out multi-million dollar subsidies that have led to…
Japan’s economy likely rebounded in Q2 with unleashing of consumers: Reuters poll
By Kantaro Komiya TOKYO – Japan’s economy likely rebounded in April-June from contraction in the previous quarter thanks to solid consumer spending in face-to-face services no longer hindered by coronavirus curbs, a…
BofA lowers 2023 forecast for Mexico economy, cites potential recession
MEXICO CITY – Bank of America has downgraded its 2023 growth forecast for Mexico’s economy to 0% from 1% amid a potential U.S downturn, analysts said in a research note, predicting the…
Argentina’s economy superminister appoints top advisers
BUENOS AIRES – Argentina’s new economy superminister appointed his top advisers on Monday, vowing to stop high inflation and the deterioration of the South American country’s economy. Sergio Massa appointed Eduardo Setti,…
The Fed’s Preferred Inflation Metric Just Surged In Another Warning Sign For The Economy
The Fed’s Preferred Inflation Metric Just Surged In Another Warning Sign For The Economy Max Keating on July 29, 2022 The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price…
China to use effective investment, not flood-like stimulus, to boost economy: state media
BEIJING -China will use effective investment to help the economy recover and will not resort to flood-like stimulus, state media said on Friday, following a cabinet meeting chaired by Premier Li Keqiang.…
Yellen says U.S. economy slowing, but still shows job, spending strength
WASHINGTON – U.S. Treasury Secretary Janet Yellen said on Thursday a second quarter contraction of U.S. economic output was a sign of an inevitable slowdown but there was still broad strength in…
The U.S. economy is shrinking. The Fed’s rate hikes may have only just begun to bite
By Ann Saphir and Lindsay Dunsmuir (Reuters) – The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates…
Meta and others tumble after hours as results point to weak economy
By Noel Randewich (Reuters) – Shares of several major U.S. companies tumbled in extended trade on Wednesday following poor quarterly results and forecasts that underscored fears about a potential recession. Meta Platforms…
Fed’s Powell does not believe U.S. economy is in recession right now
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he did not believe the U.S. economy is currently in a recession but it is softening and the path for the Fed…
Russian economy declines 4% y/y in Q2 after 3.5% y/y increase in Q1 -econ ministry
MOSCOW – The Russian economy declined by 4.0% year-on-year in the second quarter of 2022 after a 3.5% rise in the previous three months, the economy ministry said on Wednesday. The first…
Europe’s banks flash some good news but downbeat on economy
By Tom Sims and Sinead Cruise FRANKFURT/LONDON – European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of…
Thai economy to improve further in H2 on consumption, tourism – central bank
BANGKOK – Thailand’s economy improved in June and the momentum should continue into the second half thanks to increased tourism and domestic consumption as pandemic curbs ease, a central bank official said…
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two decades the previous year amid U.N. sanctions…
Argentina’s economy chief touts spending adjustment to investors
By Walter Bianchi BUENOS AIRES – Argentina’s new economy minister told a gathering of investors in the United States on Tuesday she had begun an adjustment to government spending supported by all…
Factbox-Signs of a Tunisian economy in trouble
TUNIS – Public finances are under strain and prices are soaring in Tunisia, presenting big economic challenges to President Kais Saied as he plans to overhaul the political system in a constitutional…
Argentina’s new economy chief to meet IMF head on Monday
BUENOS AIRES – Argentina’s newly appointed economy minister Silvina Batakis will meet on Monday with the head of the International Monetary Fund in Washington, the government said, as Argentina’s economy struggles with…
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