Stocks Edge Higher Amid Choppy Week
Stocks nudged higher on Friday, wrapping up a volatile week.
UK Economy on the Rise With Strongest Growth in Nearly Three Years
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.
Home Equity Loans Could Supercharge the U.S. Economy
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.
Offshore Wind Farm Project Terminated Due to Economic Challenges
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.
2023 Showcased Mixed Economic Shifts in the United States
In 2023, the U.S. economy saw a combination of positive and negative trends.
Harry Dent Predicts Imminent Market Crash in 2024
Economist Harry Dent is making a dire prediction for the markets in 2024, citing overvalued markets and excessive stimulus spending as causes for concern.
San Francisco Gears Up for APEC Conference Amidst Homelessness Challenge
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 Soars in the U.S. in 2022, Hitting Crisis Levels Amid Economic Challenges
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.
Strong Q3 Economic Growth in the U.S. Driven by Consumer Spending Surpasses Expectations
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 CEO Jamie Dimon Warns of Global Impact Amid Middle East Conflict Escalation
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.
There Is Soaring Growth in the Global Logistics Market
The Global Logistics Market is on a significant growth trajectory, with projections indicating a substantial increase in its size.
US Inflation Falls, but Challenges Persist in Reaching Fed's 2% Target Amid Economic Pressures
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.
Resilient U.S. Job Market Defies Recession Predictions Amid Cooling Conditions
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.
Is a 'Rolling Recession' or 'Richcession' a Potential Savior for the US Economy?
Despite warnings of an impending recession, the U.S. economy is showing signs of acceleration.
The US has not gone through a recession
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.
Declining Cargo Revenue Signals Optimistic Travel Industry Recovery for Airlines as Travel Demand Rebounds
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.
Potential UPS Strike Threatens Supply Chain Chaos and Economic Impact
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.
Fast-Growing States Drive $100 Billion Wealth Migration and Economic Shift
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.
Dockworker Strike in Canada Threatens Economy and Reputation as Exports Are Impacted
A prolonged strike by dockworkers on Canada's west coast has raised concerns among business groups about the country's economy and reputation.
The South Emerges as the New Economic Powerhouse with a US$100B Wealth Migration
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.