💰 It’s no secret that the global economy is on unsteady ground.
The International Monetary Fund (IMF) is downgrading its economic output predictions for the end of 2022 and 2023, dropping to 3.2% and 2.7% declines respectively. It’s about a 25% chance that global growth could steeply decline past its historical low of 2%, but many remain hopeful.
The UK's economy experienced its strongest growth in almost three years, with a 0.6% expansion in the first quarter of 2024, according to the Office for National Statistics.
Meredith Whitney, the once-celebrated financial forecaster, is eyeing a potential game-changer for the U.S. economy, and it doesn't involve government spending.
Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.
In 2023, the U.S. economy saw a combination of positive and negative trends.
Economist Harry Dent is making a dire prediction for the markets in 2024, citing overvalued markets and excessive stimulus spending as causes for concern.
Workers in San Francisco are preparing the city for the Asia-Pacific Economic Cooperation (APEC) conference, where politicians, executives, and journalists from around the world are expected to gather.
Food insecurity in the United States surged in 2022, reaching levels not seen since the aftermath of the financial crisis, according to government data from the U.S. Department of Agriculture.
The U.S. economy saw stronger-than-expected growth in the third quarter, expanding at a 4.9% annualized rate, driven primarily by robust consumer spending.
JP Morgan's CEO, Jamie Dimon, has expressed concerns about the escalating conflict in the Middle East, particularly Israel's expected ground offensive on Gaza.
The Global Logistics Market is on a significant growth trajectory, with projections indicating a substantial increase in its size.
Inflation in the US has dropped from 9% to 3% over the past year, but reducing it to the Federal Reserve's 2% target rate proves to be a tougher task.
The job market in the United States has shown signs of cooling over the summer, but it remains strong enough to dispel fears of a recession despite higher interest rates.
Despite warnings of an impending recession, the U.S. economy is showing signs of acceleration.
According to a recent report by ISS ESG, a full-blown recession has not occurred, but there has been a lackluster performance in a low-growth environment, coupled with high inflation, interest rates, and tighter liquidity due to a recent banking crisis.
Airlines' cargo revenue is experiencing a significant slump, with Delta, United, and American reporting year-over-year declines of about 40% in their second-quarter cargo revenue.
With the July 31 strike deadline approaching for Teamsters at UPS, concerns are growing about the potential impact on the supply chain and the economy.
Six fast-growing states in the South, including Florida, Texas, Georgia, the Carolinas, and Tennessee, are now contributing more to the national GDP than the Northeast, according to Bloomberg.
A prolonged strike by dockworkers on Canada's west coast has raised concerns among business groups about the country's economy and reputation.
The Southeastern region of the United States, known as the "New New South," is experiencing a significant economic shift with the rise of electric-vehicle factories and battery plants.
Troubling data released by the Department of Commerce reveals that the economy has experienced a decline in gross domestic income (GDI) over the past six months, contradicting President Joe Biden's assertion of a "strong as hell" economy.
Federal Reserve Chair Jerome Powell reaffirmed the likelihood of raising interest rates at least once more this year due to persistent inflation in the service sector and a tight job market.
Federal Reserve officials expect to raise interest rates further this year to combat excessive inflation in the United States, according to Chair Jerome Powell.
Major retailers Macy's and Costco have raised concerns over changing consumer behavior and a pullback in spending, signaling potential economic challenges for the US.
As global supply chains face disruptions caused by factors like the Ukraine conflict and China's economic slowdown, a growing number of companies are opting to bring their production back home.
A key measure of US prices, closely monitored by the Federal Reserve, showed an increase in April, indicating persistent inflationary pressures in the economy.
The Republicans, led by McCarthy, are insisting on spending cuts in exchange for raising the debt limit, arguing that the current national debt is unsustainable.
The escalating debt crisis in the United States is raising concerns about an impending recession that could have far-reaching consequences, not only for the US but for the global economy as a whole.
Since March 2022, there has been a streak of 10 consecutive interest rate hikes.
The Group of Seven (G-7) advanced economies held closed-door financial talks in Japan, focusing on issues such as bank runs, cybersecurity, and building more reliable supply chains for economic security.
Stocks nudged higher on Friday, wrapping up a volatile week.