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

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