In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching. A stocks rally fizzled out Read more
Tag: economic news
Construction spending rises by 0.2% in November
Outlays for construction projects rose 0.2% in November to $1.81 trillion, the Commerce Department reported Tuesday. Wall Street was expecting a drop of 0.4%. Spending in October fell a revised Read more
‘Rogue Russia’ is 2023’s most dangerous threat: Eurasia Group
An isolated and humiliated Russia is the biggest danger of 2023, political-risk consulting firm Eurasia Group said Tuesday, unveiling its annual list of top geopolitical risks. “A humiliated Russia will Read more
One-third of world economy expected to be in recession in 2023, says IMF chief
This year is going to be tougher on the global economy than 2022, the International Monetary Fund’s chief, Kristalina Georgieva, has warned. “Why? Because the three big economies, U.S., EU, Read more
Trump warns sharing his tax returns will ‘lead to horrible things for so many’
“‘The Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people.’” That was former Read more
Trump’s tax returns are now public
The U.S. House Ways and Means Committee released six years of former President Donald Trump’s tax returns on Friday. Experts will be looking closely at large business losses reported by Read more
Stock-market investors face 3 recession scenarios in 2023
With the U.S. stock market on track for its biggest annual decline in over a decade, fears that efforts by the Federal Reserve and other major central banks to bring Read more
Good riddance 2022. Here are five key themes for investors heading into the new year, according to BNY Mellon.
And so we reach the last trading day of 2022. Good riddance. Thankfully at this time of year there is no shortage of analysts and investors wishing to look ahead. Read more
Dow up 300 points as jobless claims data deemed ‘welcome news for the Fed’
U.S. stocks bounced back in early trading on Thursday, after the Nasdaq nearly hit a 30-month low a day earlier, as the market looked set to erase some of its Read more
U.S. jobless claims move higher in latest week
The numbers: Initial jobless claims rose by 9,000 to 225,000 in the week ended December 24 , the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal Read more