Economic News
- US weekly jobless claims...on December 19, 2024
US weekly jobless claims fall; third-quarter GDP growth revised higher ReutersUS applications for unemployment benefits come back down after last week's big rise ABC NewsUS Jobless Claims Fell Last Week During Holiday Season Volatility BloombergJobless claims subside after Thanksgiving pop and give off good vibes for U.S. economy MarketWatchSpot gold tests support at $2,600/oz after U.S. weekly jobless claims fall to 220k Kitco NEWS
- U.S. economic growth revised...on December 19, 2024
U.S. economic growth revised up to 3.1% in third quarter AxiosUS GDP Revised Up to 3.1% on Stronger Consumer Spending, Exports BloombergU.S. economy grows at 3,1% pace in third quarter, an upgrade from previous estimate The Associated PressThe latest U.S. GDP report card suggests Trump is about to inherit a healthy American economy before making sweeping changes to it Fortune
- Bank of England Holds Rates...on December 19, 2024
Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty The New York TimesUK economy shrinks for second month, contracting 0.1% in October CNBCBritain and European Economic Growth Sputters Investing.comAnalysis: Reeves faces recession fears but shrinking industry could offer a bigger problem The IndependentLiam Dann: Don’t panic about worse-than-expected recession New Zealand Herald
- Don't blame inflation for the...on December 19, 2024
Don't blame inflation for the price of new cars AxiosNew Car Sticker Shock: Average Price Nears $50,000 MSNThe average car price in America is $50K — just $9,000 shy of the national annual salary. So why can’t US automakers make cheaper cars? MSN
- China’s youth-unemployment...on December 19, 2024
China’s youth-unemployment pressure is easing – for now, at least South China Morning PostChina youth jobless rate falls for third straight month ReutersCore Inflation Rate MoM for Nov in United Kingdom is 0.0%, lower than the previous value of 0.4%. AASTOCKS.comChina's job market remains stable in January-November China DailyUnemployment continues to plague China’s youth in 2024 VOA Asia
- Kittiratt: Rate cuts needed...on December 19, 2024
Kittiratt: Rate cuts needed to avert ‘disaster’ in Thailand Bangkok PostMonetary Policy Committee’s Decision 6/2024 bot.or.thBank of Thailand under pressure to slash rates Bangkok PostThai economy on track for 3-3.5% growth, says finance minister Nation ThailandThai rates should be cut quickly and sharply, former finmin says Reuters.com
- Is Germany to blame for...on December 19, 2024
Is Germany to blame for rising electricity prices in Europe? DW (English)'Furious with the Germans': was power price surge 'Dunkelflaute' or dodgy dealing? RechargeEuropean electricity prices increase on winter demand pv magazine InternationalGerman Probe Into Alleged Power Market Abuse to End Early 2025 BloombergGermany’s ‘Dunkelflaute’ is causing an energy crisis in Europe UnHerd
- America is one big casino now...on December 19, 2024
America is one big casino now Business InsiderView Full Coverage on Google News
- Macao’s casino boom brings...on December 19, 2024
Macao’s casino boom brings wealth but at a cost, 25 years since China’s takeover The Associated PressXi Jinping urges Macau to avoid complacency, attract talent and take global role South China Morning PostXi Jinping visits Macau to mark 25 years of Chinese rule ReutersForeign Ministry Spokesperson Lin Jian’s Regular Press Conference on December 18, 2024 MFA China
- Food inflation is approaching...on December 19, 2024
Food inflation is approaching zero Kathimerini English EditionEurostat: Inflation in Greece Drops to 3% in Nov., Remains Above EU Average tovima.comEurostat: Food inflation in Greece close to zero in November Tornos News International EditionEurostat Report: Food Inflation In Greece Approaches Zero In November GreekCityTimes.comInflation in Greece remained unchanged at 2.4% in November 2024 tovima.com
- New Zealand Suffers...on December 19, 2024
New Zealand Suffers Deeper-Than-Expected Recession; Kiwi Drops Forex FactoryNew Zealand sinks into recession, more rate cuts coming Reuters.com'Worst since 1991': NZ in deep recession after massive GDP fall New Zealand HeraldNew Zealand in Recession as Economy Contracts More Than Forecast BloombergNZ’s economy ranked almost last in OECD comparison ahead of latest GDP numbers Stuff
- South Korean won hits 15-year...on December 19, 2024
South Korean won hits 15-year low as hawkish Fed, domestic politics weigh Yahoo FinanceKorean Won Hits Level for Up to $50 Billion in Pension Sales Yahoo FinanceWon Slumps to Lowest Since 2009 on Hawkish Fed, Political Risk BloombergWon falls in value to 15-year low on hawkish Fed cut, strong dollar 코리아타임스Kospi dips nearly 2% as Fed hints at fewer rate cuts in 2025 The Korea JoongAng Daily
- A Glut of Coal in China Is...on December 19, 2024
A Glut of Coal in China Is Set to Push Falling Prices Even Lower BloombergChina's coal output hits record daily high in November Reuters.comCHINA COAL (01898.HK) Nov Production/ Sales Vol. of Commercial Coal Leap 8.2%/ 11.4% YoY AASTOCKS.comChina's raw coal production up 2% y-o-y in Nov'24 BigMintAbundant Coal Supply in China Will Depress Prices Further OilPrice.com
- India may cut duties on some...on December 19, 2024
India may cut duties on some products to avoid Trump tariff war: Report MoneycontrolIndia gears up for a potential trade deal as Trump targets China, say government sources Reuters IndiaAfter Mexico, Canada, and China, Trump trains tariff gun on India The Indian ExpressTrump threatens India with reciprocal tariffs The Tribune IndiaIndia moves to guard against Trump’s likely tariff strike The Economic Times
- Bank of Japan stands pat in...on December 19, 2024
Bank of Japan stands pat in bow to sluggish economy Nikkei AsiaYen Weakens Past 155 Against Dollar After BOJ Stands Pat BloombergJapanese Yen accelerates the downtrend after BoJ Governor Ueda's comments FXStreetUS futures, Bank of England, Micron's disappointment - what's moving markets Investing.comBank of Japan holds rates at 0.25%, yen weakens to over four-month low CNBC
- BOJ will want more clarity on...on December 19, 2024
BOJ will want more clarity on Trump 2.0 tariffs before they start raising rates: Strategist CNBC
- ATO text making Aussies very...on December 19, 2024
ATO text making Aussies very angry news.com.au$400 HECS refunds hit Aussie accounts in surprise ATO Christmas cash boost Yahoo Finance AustraliaRelief for university students as cuts to student debt take effect Oz Arab MediaMillions of Australian students receive $1,200 relief before Christmas Sky News AustraliaGraduates to save hundreds on student debt Bendigo Times
- NZD/USD: Kiwi Craters as Deep...on December 19, 2024
NZD/USD: Kiwi Craters as Deep Recession Fuels RBNZ Rate Cut Bets Forex FactoryNZDUSD Technical Analysis – Awaiting the FOMC decision ForexLiveNZ dollar plunges after hawkish Fed, soft NZ GDP MarketPulseThe NZDUSD price declines strongly – Forecast today - 19-12-2024 Economies.comElliott Wave view expects NZD/USD to extend lower [Video] FXStreet
- Fed chair Jerome Powell...on December 19, 2024
Fed chair Jerome Powell issues warning on inflation, weak housing market TheStreetDow plunges more than 1,100 points and marked its longest losing streak since 1974 CNN
- Americans under 40 are richer...on December 19, 2024
Americans under 40 are richer than ever but still feeling money woes AxiosView Full Coverage on Google News
- These jobs may be hot in the...on December 19, 2024
These jobs may be hot in the next 10 years … or not MarketplaceAn economist explains where the U.S. job market is heading in 2025 Fast CompanyAn economist’s predictions for the 2025 job market Greater Baton Rouge Business ReportRecruitment is on an exciting growth trajectory, but these factors will determine its continued success in 2025 OnrecFuture-Proof Your Career: BLS Forecasts Fastest-Growing Jobs MSN
- North American tariffs would...on December 18, 2024
North American tariffs would spell disaster for Minnesota’s economy Star TribuneAmericans may have to actually brace for stagflation with Trump tariffs CNNTrump tariffs would cut deficits but hike consumer prices, CBO says AxiosThree possible futures for the global economy if Trump brings in new trade tariffs The ConversationEffects of Illustrative Policies That Would Increase Tariffs Congressional Budget Office
- IMF Reaches Agreement with El...on December 18, 2024
IMF Reaches Agreement with El Salvador for $1.4 Billion Loan BloombergThe IMF Just Improved El Salvador’s Bitcoin Law Bitcoin MagazineCrime’s Plunge and Bitcoin’s Boom Still Leave El Salvador Chasing Economic Miracle BloombergIMF 1 - El Bitcoin 0 Financial Times
- Can China Shield the Biggest...on December 18, 2024
Can China Shield the Biggest Uninsured Economy From Floods? BloombergView Full Coverage on Google News
- Americans urged to check if...on December 18, 2024
Americans urged to check if they’re owed cash as $20 billion in uncashed paychecks and refunds is up for g... The US Sun
- Sweden is a nearly cashless...on December 18, 2024
Sweden is a nearly cashless society. Here's how it affects people who are left out Phys.org
- Fed cuts again, but mortgage...on December 18, 2024
Fed cuts again, but mortgage rates climb on 2025 inflation worries InmanHow the Fed rate cut affects your bank accounts, loans, credit cards, and investments Yahoo FinanceWhat it means after the Fed cut interest rates again CBS NewsMortgage Rates Jump Abruptly Higher After The Fed's Rate Cut Mortgage News DailyThe Fed Cut Rates. Why Are Mortgage Rates Higher? | Mortgages and Advice U.S News & World Report Money
- Double dip of good economic...on December 18, 2024
Double dip of good economic news in Washington MyNorthwest
- "Trump Effect": CEOs,...on December 18, 2024
"Trump Effect": CEOs, investors bullish on global economy, survey finds AxiosCEOs expecting ‘Trump Effect’ to boost increased hiring, greater investment: Survey The HillBusiness Owners Excited as Trump Returns to the White House Inc.The Irish Independent Features Teneo’s Vision 2025 CEO and Investor Outlook Survey Teneo
- US single-family housing...on December 18, 2024
US single-family housing starts rebound; tariffs an obstacle Yahoo FinanceView Full Coverage on Google News
- Lawmakers fund a trio of...on December 18, 2024
Lawmakers fund a trio of economic development projects — but balk at U.P. mine money Crain's Detroit BusinessMichigan lawmakers sign off on $247M for 3 economic development projects Detroit NewsMSF Concludes 2024 with Support for Seven Projects Supporting Business Investments, Housing Across Michigan Michigan Economic Development CorporationUniversity Of Michigan, LANL To Jointly Develop Michigan-Based AI Research Center Los Alamos Reporter
- The Federal Reserve’s...on December 18, 2024
The Federal Reserve’s housing recession dilemma HousingWire
- 'Wrong-headed': Energy...on December 18, 2024
'Wrong-headed': Energy industry leaders blast Biden admin report on natural gas exports Fox News‘Unfettered’ Gas Exports Would Harm U.S. Economy, Energy Secretary Warns The New York TimesBiden throws up a last-minute obstacle to Trump’s natural gas plans The Washington Post
Global Politics
- Biden pardons his son Hunter despite previous pledges not to | AP Explainsby Associated Press on December 2, 2024 at 3:18 am
- Israel-Hezbollah ceasefire: A look back at over a year of fightingby Associated Press on November 27, 2024 at 1:06 am
- Biden announces ceasefire deal between Israel and Hezbollah, calling it 'good news'by Associated Press on November 26, 2024 at 9:59 pm
- Republicans complete election sweep by retaining House controlby Associated Press on November 14, 2024 at 4:04 am
- Donald Trump has sweeping plans for his second term as US presidentby Associated Press on November 7, 2024 at 11:30 am
- Republicans take Senate majority for first time in 4 yearsby Associated Press on November 6, 2024 at 5:24 am
- Liam Payne, former One Direction member, dies at 31 in Argentina hotel fallby Associated Press on October 17, 2024 at 3:00 am
- Kamala Harris' interview with Fox News' Bret Baier gets combativeby Associated Press on October 17, 2024 at 1:15 am
- Israel says 4 soldiers killed by Hezbollah drone attackby Associated Press on October 14, 2024 at 3:30 am
- Israelis mark a year since Hamas' Oct. 7 attackby Associated Press on October 7, 2024 at 5:28 am
- A look at Gaza City before and after Oct. 7, 2023by Associated Press on October 6, 2024 at 1:53 pm
- Pro-Palestinian demonstrators clash with police in Romeby Associated Press on October 5, 2024 at 7:52 pm
- Israel military video shows troops preparing to cross into Lebanonby Associated Press on October 1, 2024 at 8:11 am
- Dockworkers at US ports go on strike over wages and automationby Associated Press on October 1, 2024 at 7:14 am
- Israel begins ground offensive against Hezbollah in southern Lebanonby Associated Press on October 1, 2024 at 2:48 am
Market Insight
- Egypt hosts Iranian and Turkish leaders for D-8 summitby Al Jazeera English on December 19, 2024 at 3:31 pm
- Cyclone Chido devastates Mozambique: At least 45 people have been killed by the stormby Al Jazeera English on December 18, 2024 at 6:58 pm
- Syria: What will happen to al-Assad’s Captagon empire now?by Al Jazeera English on December 18, 2024 at 4:04 pm
- Syria: Israeli forces seize Golan villages in buffer zone, displacing residentsby Al Jazeera English on December 18, 2024 at 2:32 pm
- US-Cuba relations: Ten years since countries reached a historic dealby Al Jazeera English on December 18, 2024 at 4:22 am
- Powerful 7.4 magnitude earthquake hits Vanuatu causing widespread destructionby Al Jazeera English on December 17, 2024 at 6:22 pm
- Israel’s war on Gaza: UNRWA's humanitarian services at breaking pointby Al Jazeera English on December 17, 2024 at 2:58 pm
- Scale of destruction: Reconstruction required in Damascus suburb Darayyaby Al Jazeera English on December 17, 2024 at 4:13 am
- 50 years of Ciclovia: Bogota marks anniversary of Open Streets initiativeby Al Jazeera English on December 16, 2024 at 7:30 am
- One dollar meal campaign: China's eateries cut prices to woo consumersby Al Jazeera English on December 16, 2024 at 7:00 am
- Germany's political future: Olaf Scholz to face confidence vote in parliamentby Al Jazeera English on December 16, 2024 at 6:30 am
- ‘Several hundred’ could be dead after Cyclone Chido hits France’s Mayotteby Al Jazeera English on December 16, 2024 at 5:45 am
- Israeli forces bomb another UN-run school in Gaza, killing dozensby Al Jazeera English on December 16, 2024 at 4:45 am
- Palestinian Authority forces raid the Jenin refugee camp in the occupied West Bankby Al Jazeera English on December 16, 2024 at 4:13 am
- Former Syrian regime soldiers gather in Hama to settle legal statusby Al Jazeera English on December 15, 2024 at 6:30 pm