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Tag: economy

Nasdaq Wanes Amid Weak Big Tech Earnings
(Reuters) — The Nasdaq index fell on Wednesday, Oct. 26 as disappointing results and warnings from Microsoft...
US Consumers Confidence Ebbs as Housing Prices Slow
WASHINGTON (Reuters) — U.S. consumer confidence ebbed in October after two straight monthly increases...
British PM Truss Vows to ‘Carry On’ Amid Dwindling Support
LONDON (Reuters) — British Prime Minister Liz Truss warned of tough times ahead after she scrapped her...
Investors Worry About Hiring Outlook, Spending Before US Earnings
NEW YORK (Reuters) — The outlook for jobs and spending may be chief among concerns for investors heading...
Oil Rises as OPEC+ Agrees Deep Cuts to Production
Oil prices rose on Wednesday, Oct 5 — building on gains in recent days as OPEC+ agreed its deepest cuts...
Goldman Hikes Third-Quarter GDP Growth Estimate to 1.9%
NEW YORK (Reuters) — Global investment firm Goldman Sachs boosted its third-quarter GDP growth estimate...
Japan’s Inflation Levels Hit 8-year High, Staying Above BOJ’s Target
TOKYO — Japan's core consumer inflation quickened to 2.8 percent in August, hitting its fastest annual...
Imports to the Port of Los Angeles, America's largest maritime shipping hub, dropped 17% in August.
Imports to America’s Largest Maritime Hub Dropped a Staggering 17% Annually in August
Imports to the largest maritime shipping hub in America fell 16.8 percent year over year and almost the...
IMF’s Georgieva Says Central Bankers Must Be ‘Stubborn’ in Fighting Inflation
WASHINGTON — Central bankers must be persistent in fighting broad-based inflation, International Monetary...
Bank of England to Raise Rates to Counteract Inflation: Poll
LONDON — The Bank of England looks set to hike borrowing costs by another 50 basis points next week,...
35 percent of US truckers say 2022 is set to be a "drastically" less profitable year than 2021, primarily because of fuel prices.
35% of Truckers Say 2022 Will Be ‘Drastically’ Less Profitable Because of Fuel Prices: Survey
Owner-operators of trucking companies are not feeling particularly optimistic in their outlook as to...
3 Evergrande Real Estate Executives Asked to Resign Over Unstable Loans
Evergrande Group, the embattled Chinese real estate giant, has once again become the focus of international...