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,…
Japan April report raises view on consumption, economy, despite inflationary pressures
TOKYO – Japan’s government upgraded its view of the economy for the first time in four months in April as authorities turned more optimistic about the outlook for private consumption following the…
Russia to spend over $32.3 billion to support economy under sanctions
(Reuters) – Russia plans to spend over 2.5 trillion roubles ($32.3 billion) on supporting its economy that has been targeted by unprecedented western sanctions, Finance Minister Anton Siluanov said on Tuesday. Russia…
IMF official says split into competing systems would be ‘disaster’ for global economy
WASHINGTON – The world is on a path to a more multipolar world given the rise of emerging markets in the global economy, but it would be disastrous if the global economy…
JPMorgan Stashing Away Hundreds Of Millions In Fear Of ‘Powerful Forces’ Shaking US Economy
JPMorgan Stashing Away Hundreds Of Millions In Fear Of ‘Powerful Forces’ Shaking US Economy Harry Wilmerding on April 14, 2022 JPMorgan Chase stashed away hundreds of millions of dollars in cash amid…
Reducing inequality, hiking minimum wage could boost U.S. economy -White House
By Andrea Shalal WASHINGTON – Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S. economic growth, a new report by President…
Outlook for Afghan economy ‘dire’ as household incomes shrink – World Bank
(Reuters) – The outlook for Afghanistan’s economy is dire with per capita income having fallen by over a third in the last four months of 2021 after the Islamist Taliban seized power…
Russia can boost economy by $97 billion without inflationary risks, official says
(Reuters) – Russia can boost its economy by 7-8 trillion roubles ($85-97 billion) without stoking significant inflationary risks, a senior official said on Wednesday, as Moscow deals with supply curbs, a fall…
U.S. power use to rise in 2022 as economy continues to grow -EIA
(Reuters) – U.S. power consumption will rise in 2022 and 2023 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The…
Beaten-down growth stocks alluring as Fed slows U.S. economy
By David Randall NEW YORK – Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as the Federal Reserve fights to slow the US economy…
China will step up policy support for the economy – state media
BEIJING – China will step up policy measures in timely way to support the economy while studying new stimulus plans, state media on Friday quoted Premier Li Keqiang as saying. China’s worst…
Chile announces $3.7 billion recovery plan to aid struggling economy
SANTIAGO – Chile’s President Gabriel Boric announced on Thursday a $3.7 billion economic recovery plan that includes a hike in the minimum wage, subsidies and financing for sectors of the economy still…
Brazil real to keep close to pre-pandemic levels despite feeble economy: Reuters poll
By Gabriel Burin BUENOS AIRES – Brazil’s real will keep trading close to its pre-pandemic levels in coming weeks, still riding a wave of positive sentiment that is strikingly at odds with…
Does Anyone Actually Believe The Fed Can Tame Inflation Without Tanking The Economy?
Does Anyone Actually Believe The Fed Can Tame Inflation Without Tanking The Economy? Harry Wilmerding on April 6, 2022 Leading economists and financial institutions said they are not confident in the Federal…
China’s cabinet flags more measures to support economy
BEIJING – China’s cabinet on Wednesday held out the prospect of more measures to support an economy under pressure from a slowing global recovery, volatile commodity markets and COVID-19 outbreaks. State media…
‘Relic Of The Past’: Democrats Cheer Biden’s Fuel Economy Standards That Will Make Cars More Expensive
‘Relic Of The Past’: Democrats Cheer Biden’s Fuel Economy Standards That Will Make Cars More Expensive Thomas Catenacci on April 5, 2022 President Joe Biden’s Transportation Department outlined stringent new fuel economy…
‘Challenges At Every Turn’: Billionaire CEO Warns Of Massive Risks For US Economy
‘Challenges At Every Turn’: Billionaire CEO Warns Of Massive Risks For US Economy Harry Wilmerding on April 4, 2022 JPMorgan Chase chief executive officer Jamie Dimon highlighted three potential risks facing the…
Williams: Must watch how economy responds as it presses toward neutral rate
WASHINGTON – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases accordingly, New…
Ukraine’s economy could contract 40% in 2022, ministry says
(Reuters) – Ukraine’s economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia’s invasion, the economy ministry said in a…
Mexican economy seen growing 3.4% in 2022, says finance ministry
(Reuters) – Mexico’s government forecast economic growth of 3.4% for 2022, far below what the nation’s President was aiming for, a finance ministry document showed on Friday, as Latin America’s second-largest economy…
IMF sees Greek economy growing at slower pace due to Ukraine
By Lefteris Papadimas ATHENS – Greece’s economy is expected to expand 3.5% this year due to higher energy prices and the Ukraine crisis, the International Monetary Fund said on Friday, lowering a…
Swedish govt sees economy slowing this year amid high inflation
STOCKHOLM – Sweden’s economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said in a pre-budget forecast on Friday. The…
OPEC+ says prolonged Ukraine conflict would be major blow to global economy
LONDON – OPEC+ has warned the global economy would see a major blow from a prolonged conflict in Ukraine, the oil producing group said in an internal report, seen by Reuters. “Consumer…
China to roll out policies to stabilise economy as fast as possible: CCTV cites cabinet meeting
BEIJING – China will roll out policies to stabilise the economy as soon as possible as the downward pressure in the economy increased, state media CCTV quoted a cabinet meeting as saying…
S&P Global forecasts 8.5% contraction in Russia’s economy in 2022
(Reuters) – S&P Global cut its 2022 GDP growth estimate for Russia by more than 11 percentage points to an 8.5% contraction, while its forecasts for Poland and Turkey were shaved by…
EU should have its own full budget to stabilise economy, survey suggests
By Jan Strupczewski BRUSSELS – The European Union should, like national governments, have a proper budget it could use to stabilise the bloc’s economy if needed, a European Commission survey of academics,…
Breaking News
