Baltimore sees first population growth in a decade, aided by sanctuary policies, immigration
BALTIMORE, MD — Baltimore’s population has increased for the first time since 2014, according to new estimates released by the U.S. Census Bureau. The city’s population grew from 565,271 in 2023 to…
Bank of Italy sticks to 0.7% 2023 GDP growth forecast despite expected weak Q4
ROME (Reuters) – Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country’s central bank said on Monday. Italy’s economy stagnated in the third…
APEC’s growth to slow as persistent inflation, US-China tensions weigh-report
By David Lawder SAN FRANCISCO (Reuters) – Economic growth among Asia Pacific Economic Cooperation countries is expected to decline next year and remain below the global average as higher interest rates slow…
China can raise 2024 budget deficit ratio to spur growth – central bank adviser
BEIJING (Reuters) – China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central government to issue more debt, Wang Yiming,…
Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
(Reuters) – Cloud service provider Twilio on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. The company’s shares rose 8.4% to $60.50 after the…
Camden’s Urban Enterprise Zone Boosts Small Business Growth with Over $2M Investment
TRENTON, NJ — The Urban Enterprise Zone Authority (UEZA), under the New Jersey Department of Community Affairs, has announced significant advancements in Camden’s economic landscape, propelled by an investment exceeding $2 million…
US holiday sales growth to slow as inflation pinches wallets – report
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) – U.S. holiday sales in 2023 are expected to rise at the slowest pace in five years, data from the National Retail Federation…
Fox Corp tops quarterly revenue estimates on growth in television segment
(Reuters) -Fox Corp beat first-quarter revenue estimates on Thursday, as it benefited from higher affiliate fees in its television segment that includes its news network. The Fox News parent posted quarterly revenue…
PayPal allays growth fears after raising annual profit forecast
By Manya Saini (Reuters) -PayPal Holdings raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday, with executives striking an optimistic tone for the payments giant’s long-term growth strategy.…
Prudential Financial’s third-quarter profit boosted by US unit growth
(Reuters) – Prudential Financial reported a rise in third-quarter adjusted profit on Wednesday, as the insurer’s U.S. unit logged strong growth driven by higher net investment spread and lower expenses. The insurer…
Factbox-The U.S. African Growth and Opportunity Act (AGOA)
By Nellie Peyton (Reuters) – South Africa will host the annual African Growth and Opportunity Act (AGOA) Forum in Johannesburg from Nov 2-4 to discuss the United States’ flagship trade programme for…
Assurant Q3 profit surges on growth in global housing unit, investment returns
(Reuters) – Insurer Assurant reported a surge in third-quarter adjusted profit on Tuesday, helped by the strong performance of its global housing unit and higher investment returns, sending shares up 2.7% in…
US annual home price growth accelerates again in August
(Reuters) -U.S. annual home price growth accelerated for a third straight month in August, underscoring the recovery of the housing market after a period of softening, data showed on Tuesday. Home prices…
Euro zone Q3 GDP growth weaker than expected
BRUSSELS (Reuters) – Euro zone economic growth was weaker than expected in the third quarter, a flash estimate showed on Tuesday, with gross domestic product contracting slightly quarter-on-quarter and the year-on-year growth…
South Korea economic growth to exceed potential rate in 2024, Yoon says
SEOUL (Reuters) – South Korean President Yoon Suk Yeol said on Tuesday the economy in 2024 would exceed the potential growth rate after picking up pace in the second half of 2023,…
Public Storage raises forecast for full-year revenue growth on higher occupancy
(Reuters) – Public Storage on Monday raised its full-year outlook for revenue growth and core funds from operation (FFO) per share, on higher move-in volumes and improved occupancy in its self-storage facilities.…
Taiwan Q3 economic growth seen picking up pace on domestic consumption- Reuters poll
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the third quarter than the second thanks to resilient domestic consumption and a tentative rebound in exports, a Reuters poll showed on…
Spotify posts quarterly profit, user growth beats expectations
By Supantha Mukherjee STOCKHOLM (Reuters) – Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that…
China Jan-Sept fiscal revenue growth slows amid shaky recovery
BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its economic recovery remained on shaky ground. Fiscal…
Stellantis aims to rival Ford in commercial vehicles with sales growth
By Giulio Piovaccari BALOCCO, Italy (Reuters) – Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch up with global market leader Ford, the…
Marketmind: US growth topping China as megacaps report
A look at the day ahead in U.S. and global markets from Mike Dolan The two biggest economies in the world are both beating forecasts but U.S. economic growth looks to have…
Analysis-China’s growth surprise is not tempting investors
By Rae Wee and Summer Zhen SINGAPORE (Reuters) – September data from China offered plenty of welcome surprises, with faster-than-expected growth, falling unemployment and a glimmer of momentum in consumption, but investors…
IMF says China property slowdown will weigh on Asia’s growth
By Xinghui Kok SINGAPORE (Reuters) – The International Monetary Fund (IMF) downgraded its 2023 and 2024 growth forecasts for China, saying its recovery was “losing steam” and citing weakness in its property…
China’s Q3 GDP seen slowing as Beijing races to revive growth
By Kevin Yao BEIJING (Reuters) – China’s economy likely slowed in the third quarter, data is expected to show on Wednesday, weighed by persistently weak demand, although increased stimulus has improved the…
US retail sales beat expectations in boost to third-quarter GDP growth expectations
WASHINGTON (Reuters) -U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic growth accelerated…
Bank of England’s Dhingra sees weaker wage growth, lower inflation
By David Milliken LONDON (Reuters) – Recent labour market data shows a softening economy which is likely to lead to slower wage growth and reduced inflation pressure, Bank of England policymaker Swati…
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