U.S. economy shrank in the first half of 2022, updated GDP figures confirm
admin The numbers: The U.S. shrank in the first six months of the year, revised government…
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U.S. jobless claims drop to lowest level since April
The numbers: Initial jobless claims fell by 16,000 to 193,000 in the week ended September…
Read MoreTreasury yields rebound as inflation concerns resurface
Bond yields rose on Thursday as the impact of Bank of England intervention faded and…
Read MoreEurozone Economic Sentiment Continues Its Steep Decline
By Maria Martinez Economic sentiment in the eurozone deteriorated again in September, weighed by high…
Read MoreCitadel’s Ken Griffin says inflation may have already peaked, though recession risk still looms
Ken Griffin, the billionaire founder and chief executive of the hedge fund Citadel, thinks the…
Read MoreGDP update may help solve a mystery on if a U.S. recession has already started
Using an old rule of thumb, the U.S. arguably fell into a recession earlier this…
Read More‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023
Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end…
Read MoreMark Mobius: ‘Disastrous’ Brexit decision is hurting the UK during pound crisis
Emerging markets veteran Mark Mobius says the UK is now feeling the “disastrous” effects of…
Read MoreLeading indicator of U.S. home sales weakens for third straight month
The numbers: U.S. pending-home sales fell 2% in August, for the third straight monthly drop,…
Read MoreU.S. trade deficit in goods shrinks fifth month in a row. Strong dollar dings exports
The numbers: The U.S. trade deficit in goods narrowed for the fifth month in a…
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