Goldman Sachs’ outlook for 2024 is fairly upbeat, with the bank eyeing just a 15% chance of a recession.Lucky-photographer/Shutterstock Goldman Sachs says the economy and investing landscape is returning to a pre-2008 environment. Strategists said the global economy had outperformed expectations in 2023 and disinflation should carry on. Conditions are normalizing as the era of […]
Russian President Vladimir Putin.Contributor/Getty Images Russia’s economy is paralyzed, and its war machine survives by cannibalizing state-owned firms. That’s according to Yale professors pushing back on commentary that Vladimir Putin is one 2023’s big winners. “We cannot fall into the trap of thinking that all is good for Putin, and we cannot jettison effective measures […]
Fort Worth had a standout year in job growth and private investment in 2023. With several companies relocating to and expanding within Fort Worth, more than 4,000 new jobs are on their way to the city. It’s all part of about $2 billion the city’s economic development department helped generate this year in capital expenditures, […]
The Fed expects to lower interest rates three times next year.Liu Jie/Xinhua via Getty Images Inflation is almost at the Fed’s 2% inflation target, and interest rates are expected to fall in 2024. Many economists say the US has achieved the long-awaited “soft landing” due to a strong jobs market. GDP growth also surpassed expectations but […]
Xi Jinping, the president of China, and Narendra Modi, India’s prime minister – MANISH SWARUP/AP The world’s biggest sovereign wealth funds and public pension schemes are backing India over China as fears grow over Beijing’s interventions in companies operating in the region. India is the most popular emerging market with investors, favoured by two-fifths of […]
(Bloomberg) — Argentina’s economy posted a slight contraction in October despite a turbulent presidential election cycle that stoked policy uncertainty and yet another currency selloff in parallel markets. Most Read from Bloomberg Economic activity in October fell 0.1% from a month earlier, less than the median estimate for a 0.6% decline among economists surveyed by […]
DoubleLine CEO Jeffrey Gundlach speaking at the 2015 Delivering Alpha event on July 15, 2015.David A. Grogan/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images The 10-year Treasury yield plunged below 4% on Thursday after the Fed signaled rate cuts in 2024. That represents a “fire alarm” for Jeffrey Gundlach, who sees a recession coming next year. The […]
Anyone who has been stuck sitting in economy on a long flight knows what a miserable experience it can be. While you may think there’s nothing that can help being stuck in such an inhumanly small space, there are certain things you can bring aboard in your carry-on to make the flight more tolerable — […]
The Federal Reserve meets this week for the last time in a year that has seen the central bank play a critical role in the U.S. economy and markets. At this point last year, inflation was running at an annual pace of 6.5% and the Fed had just hiked interest rates for the fourth consecutive […]
“The demand is higher now than it ever was during the pandemic,” said Claire Babineaux-Fontenot, head of Feeding America, which works with a network of 200 food banks. “This is not just one group’s issue, it’s an American issue. Hunger is an issue in America across every demographic group, and now, growingly, across more and […]
Hong Kong CNN — China’s economy got off to a solid start in 2023, as consumers went on a spending spree after three years of strict pandemic restrictions ended. Gross domestic product grew by 4.5% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the […]
CNN — Millions of Americans could face massive consequences unless Speaker Kevin McCarthy can navigate out of a debt trap he has set for President Joe Biden that is instead threatening to capture his House Republicans. The California Republican traveled to Wall Street on Monday to deliver a fresh warning that the House GOP majority […]