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,…
Argentina’s economy chief frontrunner pitches Milei’s ‘shock’ therapy to banks – sources
By Jorgelina do Rosario and Jorge Otaola BUENOS AIRES (Reuters) – Argentine former central banker Luis Caputo, frontrunner to be the new economy minister, met local and international bank officials on Friday…
Germany’s economy shrinks slightly in third quarter
BERLIN (Reuters) -Germany’s economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The figure confirmed an initial estimate, published in…
OECD: German budget crisis could slow down EU economy
BERLIN (Reuters) – The Organisation for Economic Cooperation and Development (OECD) warned on Thursday that Germany’s budget crisis, which has called into question billions of euros in planned spending, could hamper the…
Thai economy in ‘crisis’ and needs major stimulus – PM
BANGKOK (Reuters) – Thai Prime Minister Srettha Thavisin said on Thursday the country’s economy was in “crisis”, stressing the need to forge ahead with his controversial 500 billion baht ($14.23 billion) digital…
Japan cuts view on economy for first time in 10 months
TOKYO (Reuters) – Japan’s government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak demand weighed on capital spending and consumer…
Greek economy seen growing by 2.9% next year on strong investment
By Lefteris Papadimas ATHENS (Reuters) – Greece expects its economy to grow faster in 2024 on the back of strong projected tourist inflows, higher investment and domestic demand, the government’s 2024 final…
‘Slow-Moving Train Wreck’: There’s A Powder Keg Inside The American Economy — And It Might Blow Up
‘Slow-Moving Train Wreck’: There’s A Powder Keg Inside The American Economy — And It Might Blow Up Will Kessler on November 19, 2023 The commercial real estate sector is facing the possibility…
Brazil’s economy enters negative territory in Q3, shows central bank data
BRASILIA (Reuters) -The Brazilian economy ended the third quarter in negative territory, central bank data showed on Friday, reversing a performance that had been surprisingly positive due to a booming farming sector.…
Marketmind: Treasury yields dive as oil craters, economy softens
A look at the day ahead in U.S. and global markets from Mike Dolan A cratering of oil prices and more signs of a cooling economy have seen Treasury yields plumb their…
Biden Admin Doubles Down On Climate Cooperation With China As Xi’s Economy Goes On Coal Binge
Biden Admin Doubles Down On Climate Cooperation With China As Xi’s Economy Goes On Coal Binge Nick Pope on November 15, 2023 The Biden administration announced on Tuesday that it is doubling…
Peru economy chief: improvement possible despite months of contraction
By Marco Aquino LIMA (Reuters) – Peru’s economy contracted for a fifth consecutive month in September, landing well below forecasts, but the country’s economy minister argues the downturn can be reversed with…
Hollywood strikes sap economy as industry readies for revamp
By Dawn Chmielewski, Danielle Broadway and Lisa Richwine LOS ANGELES (Reuters) – While Hollywood celebrates the end of strikes by writers and actors, the multibillion-dollar economic toll on everyone from crew members…
German economy to resume growth after 2023 contraction -EU Commission
BERLIN (Reuters) – The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and the tightening of financing conditions are weighing…
German economy, auto sector face risks from exposure to China, fund manager says
By Christoph Steitz FRANKFURT (Reuters) – Germany’s heavy economic exposure to China carries significant risks for Europe’s top economy, the country’s second-largest fund manager said, singling out the market for electric vehicles…
IMF sees Greek economy growing by 2.5% this year, 2% in 2024
ATHENS (Reuters) – Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary Fund said on Tuesday. Growth will slow…
EJ ANTONI: Janet Yellen Fiddles While America’s Economy Burns
EJ ANTONI: Janet Yellen Fiddles While America’s Economy Burns E.J. Antoni on November 10, 2023 America’s ruling class lives in a fantasy world. Treasury Secretary Janet Yellen recently said the United States…
Colombia’s economy expected to have grown 0.5% in third quarter: Reuters poll
BOGOTA (Reuters) – Colombia’s economy expanded 0.5% on a year-on-year basis in the third quarter, according to a Reuters poll on Friday, a slightly more optimistic figure than estimated by the central…
Italian economy likely to slow in next few months – stats bureau
ROME (Reuters) – The Italian economy is likely to slow further in the next few months after stagnating in the third quarter, national statistics bureau ISTAT said on Friday. In its monthly…
Reuters NEXT-BofA CEO expects soft landing for US economy
(Reuters) – Bank of America CEO Brian Moynihan on Wednesday reiterated his expectation of a soft landing for the U.S. economy, saying the lender was seeing a slowdown in consumer spending. Here…
Crack in US dollar strength to spread as economy slows: Reuters poll
By Hari Kishan BENGALURU (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who also said…
‘A Disconcerting Picture’: Reagan Economist Says Latest Jobs Numbers Spell Trouble For Economy
‘A Disconcerting Picture’: Reagan Economist Says Latest Jobs Numbers Spell Trouble For Economy Harold Hutchison on November 3, 2023 Former Reagan administration official Art Laffer said Friday that the latest jobs numbers…
DoubleLine’s Gundlach expects interest rates to fall as US economy worsens
(Reuters) – DoubleLine Capital CEO Jeffrey Gundlach expects interest rates are about to trend lower as the U.S. economy deteriorates further and tips into a recession in early 2024, he said in…
Fed leaves rates unchanged, acknowledges strong economy
NEW YORK (Reuters) – The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the…
Italy’s economy stagnates in Q3, but inflation slows sharply
By Gavin Jones and Antonella Cinelli ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months, preliminary data showed on Tuesday, a weaker reading than expected following…
Americans Are Burning Through Savings To Keep Biden’s Economy Afloat, Experts Say
Americans Are Burning Through Savings To Keep Biden’s Economy Afloat, Experts Say Will Kessler on October 22, 2023 The U.S. has recently seen consistent economic growth that has been fueled by strong…
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