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,…
Ukraine’s total export value fell 18.7% in 2023, to lowest in a decade – economy minister
(Reuters) – Ukraine’s export value fell 18.7% in 2023 compared with 2022, totalling $35.8 billion, the lowest figure recorded in a decade, the country’s Economy Minister Yulia Svyrydenko said on Thursday. Maritime…
Oil Giant’s Massive Impairment Could Be The Latest Sign Of Trouble For California’s Economy, Experts Say
Oil Giant’s Massive Impairment Could Be The Latest Sign Of Trouble For California’s Economy, Experts Say Nick Pope on January 2, 2024 Chevron announced Tuesday that it is anticipating up to $4…
UK company bosses turn gloomier about economy – IoD survey
LONDON (Reuters) – British business leaders have turned more pessimistic about the outlook for the country’s economy and they are holding back on investment decisions, according to a survey published on Wednesday.…
US profit growth to accelerate in 2024 despite economy risks
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates come down, analysts predict, but worries about slowing economic…
Russian economy shrank by 1.2% in 2022, less than previously thought – stats service
MOSCOW (Reuters) – Russia’s economy contracted by 1.2% last year, less than the 2.1% decline previously estimated, the state statistics service Rosstat said on Friday. Western countries imposed sweeping economic sanctions on…
‘What People Feel And Know’: Legendary Economist Explains Why Corporate Media Is Misreading Voters’ Views On Economy
‘What People Feel And Know’: Legendary Economist Explains Why Corporate Media Is Misreading Voters’ Views On Economy Harold Hutchison on December 27, 2023 Economist Art Laffer said on Wednesday that corporate media…
Cuba’s economy still shrinking, minister says
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Cuban economy minister Alejandro Gil said on Wednesday that the country’s economy likely shrunk this year and a hoped-for turnaround was still proving…
Japan ups assessment on business mood, holds to view of overall economy
TOKYO (Reuters) – Japan’s government upgraded its view on business sentiment for the first time in two months in December as a central bank survey showed broad recovery in the corporate mood…
‘They Will Juice The Economy’: Former Trump Official Says Fed Will Try To Boost Biden In 2024
‘They Will Juice The Economy’: Former Trump Official Says Fed Will Try To Boost Biden In 2024 Harold Hutchison on December 18, 2023 A former Trump administration official predicted the Federal Reserve…
Sri Lanka’s economy returns to growth, led by agriculture
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as the country claws its way back from…
US says Ukraine conflict is damaging Russian economy – FT
(Reuters) – The conflict in Ukraine is significantly impacting Russia’s economy, raising domestic prices, and forcing Moscow to devote a third of its budget on defense, the Financial Times reported on Thursday,…
Top US official Pyle visits Argentina, discusses economy and private investment
By Kanishka Singh WASHINGTON (Reuters) – A top U.S. official from the National Security Council met senior members of the administration of Argentine President Javier Milei on Wednesday and discussed plans for…
New Zealand economy unexpectedly contracts in third quarter
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s economy unexpectedly contracted in the third quarter as a number of industries including manufacturing and construction saw activity slow and household spending eased. Official…
Developing Asia to end 2023 on brighter note as China’s economy recovers – ADB
MANILA (Reuters) – Developing Asia will likely end the year on a brighter note, the Asian Development Bank said on Wednesday, with growth in the region expected to be stronger than previously…
US public’s downbeat view of economy is real, Chicago Fed research shows
By Howard Schneider WASHINGTON (Reuters) – Whether it’s the “collective trauma” cited by the American Psychological Association (APA) or the bad “vibes” noted by internet analysts, there has been a clear break…
The rise and stagnation of Russia’s economy during Putin’s tenure
MOSCOW (Reuters) – Russians have enjoyed a dramatic increase in living standards over the course of President Vladimir Putin’s nearly 24 years at the helm of Russian politics. On Friday, Putin said…
Yellen says Fed performance strong, U.S. economy robust
MEXICO CITY (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday the U.S. Federal Reserve is performing strongly and that she was feeling very satisfied about the path that the U.S.…
India to be world’s third-largest economy by 2030 -S&P Global Ratings
BENGALURU (Reuters) – India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s third-largest economy by 2030, S&P Global Ratings…
Canadian banks prepare for shaky economy, more bad loans
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) – Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions,…
German budget crisis ‘stings’ already weak economy -ZEW president
By Christoph Steitz and Tilman Blasshofer FRANKFURT (Reuters) – Germany’s budget crisis has dealt another blow to an already battered economy, the president of the ZEW economic research institute said on Monday,…
Here’s Where Americans Are Feeling The Greatest Pain Under Biden’s Economy
Here’s Where Americans Are Feeling The Greatest Pain Under Biden’s Economy Will Kessler on December 2, 2023 Prices across the economy have skyrocketed since President Joe Biden first took office, hurting Americans…
Swedish economy in recession as Q3 GDP shrinks more than expected
By Johan Ahlander STOCKHOLM (Reuters) – Sweden’s economy entered recession in the third quarter, which contracted 0.3% from the previous one, as higher interest rates hit consumer spending and investments. “GDP decreased…
Vietnam to extend VAT cut until mid-2024 to support economy
HANOI (Reuters) – Vietnam’s parliament on Wednesday decided to further extend a reduction in value-added tax (VAT) on goods and services until the end of June 2024. The VAT cut to 8%…
Euro zone corporate lending contracts as economy shrinks: ECB data
FRANKFURT (Reuters) -Bank lending to businesses across the euro zone fell for the first time since 2015 last month, data from the European Central Bank (ECB) showed on Tuesday, as growth faltered…
India to remain fastest-growing major economy, but demand uneven – Reuters poll
By Milounee Purohit and Devayani Sathyan BENGALURU (Reuters) – India’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a…
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