The hydrogen industry has faced setbacks recently, but it may find success by focusing on specific applications such as fertilizer production and heavy industry decarbonization.
Zambia has reached an agreement in principle to restructure $3 billion of its international bonds, proposing the issuance of two new bonds maturing in 2035 and 2053, offering cash flow relief during its IMF program.
MarketWatch provides live coverage of the Q3 GDP report, which reveals a 4.9% growth in the economy.
Tech sector gloom, pressure on Treasury yields, and a warning of an imminent market crash from money managers are setting up for a tough session, as hopes turn to Amazon.com for positive news after the close.
Wall Street stocks continue to decline due to bond market turbulence and Middle East tension, with tech giants like Facebook and Google-parent Alphabet experiencing drops in stock prices, while the Nasdaq suffers its biggest one-day loss since February; the global stocks index reaches its lowest point since March, and the dollar surges as Israel prepares for a potential ground invasion of Gaza.
The selloff in Wall Street stocks accelerates as bond market turbulence and Middle East tension weigh on investor sentiment, with even megacap tech companies experiencing significant drops in stock value.
American households are facing increasing delinquency rates on credit cards, mortgages, and auto payments as savings decline and interest rates rise, with credit card debt surpassing $1 trillion and delinquency rates reaching record highs, according to data from Equifax and Fitch Ratings. However, economists believe that this uptick in delinquencies is a result of the economy re-normalizing after the pandemic rather than signaling an impending downturn.
The Federal Reserve's upcoming meeting sparks speculation about interest rate hikes, but few consider if the central bank knows how to combat inflation, which is addressed in this episode of What's Ahead.
China's once largest homebuilder, Country Garden, has defaulted on an international bond for the first time, signaling a potential debt restructuring and financial collapse that could impact China's real estate sector and economy.
The U.S. economy grew more than twice as fast in the third quarter, despite rising interest rates, with strong consumer spending and exports contributing to the growth, according to the latest GDP figures. However, Americans remain unhappy about the economy, likely due to lingering effects of high inflation.
The retirement crisis in America could lead to a $1.3 trillion cost for the government by 2040 due to a shortfall in retirement funding driven by demographics, with an expected 43% increase in households aged 65 or older that have less than $75,000 in annual income; the US also ranks 22nd out of 47 countries in terms of its retirement income system.
The Office for National Statistics in Britain has introduced new "experimental" labor market data to address issues with the reliability of older data-collection methods, but concerns have been raised about the usefulness of the information, particularly as policymakers at the Bank of England are relying on the employment data to determine the level of monetary policy needed in response to inflation.
Wall Street is mixed as reports show a strong U.S. economy despite high interest rates and big-name companies warning about the uncertain global economy.
Russian President Vladimir Putin claims that the BRICS alliance, of which he is a member, is surpassing the G7 bloc in terms of financial strength and challenging their dominance in the global financial system, and is looking for new ways to reduce reliance on the US dollar.
The European Central Bank will likely keep interest rates unchanged as it considers a quicker reduction of its government debt portfolio to combat inflation and a possible recession, shifting the focus to when rates should be cut rather than raised.
Sri Lanka's cash-strapped government faces the challenge of balancing financial constraints with public welfare as it prepares a budget presentation amid growing frustration with tough IMF bailout conditions and upcoming elections.
Nearly two-thirds of economists in a Reuters poll predict that the Bank of Japan will end its negative interest rate policy next year, as the central bank moves closer to phasing out ultra-accommodative monetary policy.
The number of households falling behind on mortgage payments has risen, with mortgage arrears increasing by 13% in the second quarter of the year, as homeowners and buy-to-let borrowers struggle to keep up with rising interest rates and financial challenges.
Young Americans are experiencing increasing unhappiness, with the exact causes unclear but likely exacerbated by the Covid-19 pandemic.
Argentina serves as a cautionary tale for unsustainable spending and debt, and the UK is heading in a similar direction, with rising debt, interest payments, and demands for spending, particularly in the NHS, creating a growing burden on the economy, risking a fiscal crisis in the future.
The U.S. economy is expected to have grown at its fastest pace in almost two years in the third quarter, driven by strong consumer spending and rebounding residential investment, defying fears of a recession and showcasing the economy's resilience; however, growth could slow in the fourth quarter due to factors such as auto strikes and the resumption of student loan repayments.
Indian consumer spending during this year's festival season is predicted to be slightly better than last year, but not enough to significantly boost the country's already fast-growing economy, according to a poll of economists by Reuters.
The US dollar strengthens as long-term yields rise, while market movements are influenced by geopolitics and interest rates rather than earnings.
Retrenchments in Singapore rose in the third quarter of 2023, but the labor market expanded and unemployment rates remained low, indicating that retrenched workers have found new jobs quickly. Total employment grew for the eighth consecutive quarter, with growth in both residents and non-residents, but the pace of unemployment growth slowed compared to last year. The government encourages employers and workers to adapt to the changing environment and make use of available programs to remain competitive.
China is making efforts to transition to a consumption-centered economy to boost domestic consumption and increase income levels, according to investment guru Fang Fenglei, who believes it could take a decade for the process to fully unfold. The government aims to increase affordable housing for citizens and address issues such as local government debts and the discrepancy in interest rates between the US and China.
Rep. Cori Bush voted against a resolution supporting Israel, describing it as "one-sided" and failing to acknowledge the violence and bloodshed on both sides.
China's electrical generation reached a seasonal record in September 2023 due to the economy's recovery, with hydro-electric generation and thermal plants playing a significant role, while renewable generation struggles to keep up with consumption.
The St. Louis Blues are making changes to their lineup after a loss, including shaking up their bottom two forward lines and their bottom defensive pair.
Omega Advisors billionaire CEO and chairman Leon Cooperman warns of a potential recession in 2024 due to inflated energy prices, quantitative tightening, and the impact of Federal Reserve rate hikes. However, he believes the U.S. economy is currently "doing fine." Cooperman attributes the current economic situation to both political parties and predicts that the S&P 500 index will stagnate. Additionally, he expresses concern about rising inflation and its effect on market selloffs.
Despite a significant decrease in annual inflation growth in Australia, there are calls for the Reserve Bank to raise interest rates, which would be unjustified and detrimental to low- to middle-income earners.
Even in today's economic circumstances, higher interest rates can offer greater returns on savings accounts, with a $20,000 CD deposit potentially earning $1,000 or more in one year.
Rates on 10- and 30-year Treasury inflation-protected securities rose to their highest levels in almost 15 years as investors sold off long-term government debt.
The manufacturing industry, particularly smaller firms, is burdened by the growing cost of federal regulations, which amounts to over $50,000 per employee annually, according to a study by the National Association of Manufacturers (NAM). The total cost of federal regulations across the economy in 2022 was nearly $3.1 trillion, equivalent to about 12% of the U.S. economy’s gross domestic product, with the regulatory cost to manufacturers increasing by 26% over a decade. These costs not only hinder hiring and compensation but also threaten the growth of the industry.
As China's economy continues to grow, its demographic challenges, including an aging population and declining fertility rate, may hinder its ability to overtake the U.S. as the world's largest economy, according to Chinese scientist Yi Fuxian.
The Bank of Canada kept interest rates unchanged but hinted at the possibility of more tightening despite a projected slowdown in economic growth and signs of easing price pressures.
A Department of Agriculture report reveals that food insecurity has increased significantly in the US, with 17 million households experiencing problems finding enough food in 2022 due to high inflation and the expiration of pandemic assistance measures.
A new report from Bankrate shows that a majority of households feel behind on saving for emergencies, with only 19% increasing their emergency savings balances since the beginning of the year, citing inflation and high household expenses as the main obstacles.
Humanity is at a critical juncture in energy production and consumption, as small changes and policy shifts can have significant impacts on the energy economy, with the International Energy Agency predicting that a slight drop in China's economic growth could result in a reduction in coal use equivalent to Europe's consumption, highlighting the need for transformative policy changes to meet climate goals and limit warming to 2°C or below.
The US economy is heading towards a recession that is likely to be milder than previous ones, as it is being "engineered" by the Federal Reserve and they have the ability to reverse the measures that slowed growth.
The combination of increased concert ticket sales and record-breaking air travel during the summer is expected to contribute to a significant jump in third-quarter GDP, with estimates ranging from 4.3% to 4.5%, although there are concerns about a slowdown in the fourth quarter due to tightening lending standards and consumer delinquency rates.
U.S. officials addressed areas of disagreement with China during a meeting of a new financial working group, discussing financial stability, supervision, and regulation.
The US cannot rely on economic growth to solve its $33 trillion debt problem, as the debt-to-GDP ratio is projected to reach a record high by 2029, which could lead to unsustainable debt servicing costs due to higher interest rates.
Australia is rapidly moving towards becoming a cashless society, raising concerns about government and bank control over citizens' lives and the potential dangers of relying solely on digital payments.
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers discussed government spending, housing supply, negative growth, recession, higher bond yields, Middle East conflict and energy prices, movement in the Canadian dollar, import inflation, and relying on interest rate hikes to tackle inflation.
The demand for new vehicles in Kenya has reached its lowest point since the pandemic due to factors such as surging prices, inflation, and rising credit costs, with local vehicle sales in the first nine months of 2023 falling to 8,715 units, a decrease of 11.68% compared to the previous year, according to industry data from the Kenya Motor Industry Association (KMIA).
The benchmark U.S. 10-year Treasury yield rose after news of increasing new home sales in September reaffirmed expectations of high interest rates into 2024.
Credible Operations, Inc. provides tools and resources to help improve your finances, including information on mortgage rates, how they work, how to compare rates, and how to apply for a mortgage or refinance.
Former President Donald Trump was fined $10,000 for violating a gag order in his civil fraud trial, marking the second time he has been penalized for out-of-court comments.
Approval of Brazilian President Luiz Inacio Lula da Silva's performance has dropped as concerns over the country's economy worsen, according to a recent poll, with 42% of respondents rating his job performance negatively and 32% believing the economy is deteriorating.
The newly implemented Carbon Border Adjustment Mechanism (CBAM) in the European Union is causing adverse economic effects on businesses and needs to be re-evaluated due to its unknown administrative and economic impacts.