The possibility of a 50% crash in the S&P 500, a recession next year, and falling house prices are predicted by Jeremy Grantham, who also criticizes bitcoin as a scam and advises against investing in US stocks or real estate.
India and Canada are facing increasing diplomatic tensions over the killing of Khalistani extremist Hardip Singh Nijjar, causing concerns from other countries including the UK, which has called for de-escalation and respect for the rule of law.
Despite positive economic indicators such as job growth and low unemployment, the perception of a healthy economy is overshadowed by the high cost of living, including inflation, rising housing prices, and increased interest rates.
Illegal activities such as black market currency trade, gold smuggling, and oil smuggling are costing Pakistan's economy USD 23 billion per year, leading to currency devaluation, inflation, and a loss of government revenue.
Canadian homeowners awaiting mortgage renewal notices are expecting a steep rise in interest rates due to a global bond rally, potentially pushing up average mortgage rates by several hundred dollars per month and leading to more distress sales in the property market.
The handwritten notebooks of a Buenos Aires barber chronicle the devastating impact of Argentina's 19,900% inflation over several decades, with current President Alberto Fernandez overseeing the fastest price rises in the past 30 years, driving up poverty rates and causing a decline in purchasing power.
The notebooks of a Buenos Aires barber chronicle 19,900% inflation in Argentina over three decades, with current President Alberto Fernandez experiencing the fastest price rises of any administration, creating a cost of living crisis and driving voters towards a right-wing radical.
Foreign portfolio investors (FPIs) withdrew a significant amount of money from Indian equities in September due to concerns of higher inflation and tighter monetary conditions, with the power and metals and mining sectors experiencing the highest outflows, while capital goods continued to attract inflows as investors remained positive about India's macroeconomic conditions in the medium to long term.
Turkish Treasury and Finance Minister Mehmet Simsek has pledged to increase currency reserves as the International Monetary Fund predicts slower growth and a narrower current-account deficit for Turkey in 2024.
The US economy is predicted to slow down by mid next year, which will have a negative impact on global GDP, according to Neelkanth Mishra, Chief Economist for Axis Bank. Mishra also mentioned that China will grow slowly but not collapse, while India will be affected through various pathways such as a decline in services growth, goods demand, dumping of products, and financial market volatility. However, he believes that India's trajectory looks good in the next 5-7 years.
The Reserve Bank of Australia (RBA) may cut interest rates in the second half of 2024, according to major bank economists, but the interest rate futures market does not anticipate any rate cuts until March 2025; historical data suggests that rate cut cycles following periods of high inflation have led to varying impacts on housing prices and unemployment, and it remains to be seen how the current economic conditions will affect these indicators.
The Cold Dew, also known as Han lu, marks a busy farming time and the vibrant colors of autumn.
Indian startups have played a pivotal role in India's push towards a $5 trillion economy, with sectors like electric vehicles, fintech, jobs creation, technology, bilateral trade, and healthcare contributing significantly to their growth and success.
The Biden administration is closely monitoring a dispute between Canada and India, as it could impact its strategy in the Indo-Pacific region, and there are concerns that India's actions may be similar to tactics used by Russia, Iran, Saudi Arabia, and North Korea to silence opposition figures on foreign soil.
Sri Lanka is facing a challenging situation as it struggles to meet the demands of the International Monetary Fund (IMF) while also rebuilding its society, with professionals considering emigration due to the impact of austerity measures and tax reforms on their incomes. The IMF is urging the country to implement tax policies and reforms and strengthen tax administration to bridge the gap between revenue and expenditure. Failure to comply with the IMF program could result in social unrest and a loss of stability.
Chinese tourists fueled a temporary boost in tourism revenues during the recent national holiday, reaching pre-pandemic levels and contributing to the country's economy, despite concerns over a real estate crisis and high youth unemployment.
Pakistan is expected to receive approximately $3.4 billion out of the $10.9 billion pledged by the international community for flood victims, with a major chunk of the funding going towards commodities financing and an oil facility, leaving a net amount of $3.4 billion for the execution of development projects in the flood-affected areas.
China, Brazil, and Saudi Arabia are reducing their US Treasury holdings, with China selling nearly $500 billion in US Treasuries over the past decade.
Energy firms in the UK held £8.1 billion of customers' bill overpayments at the start of 2023, prompting criticism from MP Angus MacNeil for holding "too much money" and "sitting on a nest egg," with one customer reporting it took six weeks to get a refund.
Consumers perceive inflation as much higher than official figures indicate at the moment, largely due to sharp increases in the price of things like restaurant dining, hotel accommodation, and gasoline.
Emerging economies, including Pakistan and Egypt, are facing financial challenges and potential default risks as they gather for the World Bank and IMF meetings, amidst uncertainties in US fiscal policies and China's slowing economy, compounded by the impacts of extreme weather and climate change.
There are various Fox Business and Fox News programs scheduled to air, including Maria Bartiromo's Wall Street and Fox & Friends Saturday, with a live stream of a Hamas militant group attack on Israel.
Diesel prices are expected to decrease after Russia lifted a ban on oil exports, causing a drop in global supplies and a decrease in fuel costs.
The average interest rate for new credit card offers has reached its highest level in 30 years at 22.75%, costing consumers over $163 billion in annual interest.
The stock and bond markets are struggling due to a lack of leadership in the House and concerns over a government shutdown, following the removal of House Speaker Kevin McCarthy and a downgrade of U.S. credit by Fitch Ratings.
The slow recovery of foreign tourism in China due to visa obstacles and fears of the country is hindering the nation's economy and its ability to attract foreign investment.
Egypt's government bonds recover slightly after Moody's downgrades the country's credit rating and the IMF warns against delaying another currency devaluation, with the downgrade making it tougher to attract cash into the country.
Employers added 336,000 jobs in September, beating expectations and indicating the strength and resilience of the US labor market.
Due to climate change causing a lack of supply, the price of olive oil has soared to $9,000 per metric ton, with output in major producing countries such as Spain, Italy, and Portugal severely affected by drought and water scarcity. The United States, which imports 30 percent of the global supply, is expected to see prices rise even further.
U.S. employers added 336,000 jobs in September, potentially strengthening the case for another interest rate increase by the Federal Reserve, despite wage growth remaining muted and upcoming inflation data expected to show continued slowing.
Fox News offers live TV streaming of their shows and full episodes, providing viewers the ability to reduce eye strain and focus on the content.
The U.S. economy's job numbers appear strong on the surface, with a significant increase in non-farm payrolls, but a closer look reveals weaknesses such as a rise in part-time workers, a decrease in full-time workers, and an increase in people holding multiple jobs, indicating financial struggles for many Americans. Additionally, government jobs, rather than private sector jobs, experienced the largest increase, while manufacturing workers face affordability challenges due to rising prices outpacing wage growth. The Biden administration's economic policies have led to low favorability ratings and increased costs for groceries and gasoline. Home affordability is worsening, with high mortgage rates and negative trends in housing starts and sales. Although the economy shows resilience due to rising corporate profits, Joe Biden's proposed tax hikes threaten business success. The article criticizes Biden's claims about cutting the federal debt and achieving budget surpluses, stating that the budget deficit is expected to reach $2 trillion or more in fiscal year 2023. Overall, the analysis suggests weaknesses and concerns in the U.S. economy under the Biden administration.
Amazon has launched test satellites for its planned internet service, aiming to improve global internet coverage and compete with SpaceX.
With 336,000 jobs added to the US labor force in September, ZipRecruiter Chief Economist Julia Pollak suggests that there doesn't have to be labor market tradeoffs for the Fed to reach its inflation target, as jobs have grown and inflation has reduced.
Despite challenges such as surging Treasury yields and Federal Reserve hawkishness, the equity-investing landscape has shown resilience, with the S&P 500 posting modest gains and the Nasdaq 100 up for the week. Investors remain optimistic about the economy's ability to withstand higher borrowing costs and anticipate positive revenue and earnings growth. Credit markets have remained stable, while volatility has remained muted and profit strength in Corporate America is expected to drive stocks.
Bank of America economists warn of upcoming turbulence in the housing market due to high mortgage rates, comparing the current situation to the housing market of the 1980s rather than the crash of 2008, but they do not expect another housing crash like 2008 due to differences in housing development, mortgage debt, and legislation.
The Canadian government is establishing a "Grocery Task Force" to investigate practices such as "shrinkflation" in the food industry and monitor pricing practices, commitments, and actions taken by grocers and manufacturers.
Puglia, Italy's overlooked region known for its rusticity, is now gaining popularity among savvy travelers for its lavish resorts, charming towns along the coastline, and unspoiled places to discover. The region's luxury scene is growing with the presence of international brands like Four Seasons and Rocco Forte, and its culinary movement is centered around local ingredients such as olive oil and fresh seafood. Puglia offers a unique combination of exceptional food and wine, luxurious accommodations, and warm hospitality.
President Biden criticized the media for focusing on negative stories and claimed that the American people are better off financially, despite overseeing the highest non-pandemic annual deficit in US history and confusing the terms "debt" and "deficit."
The United States entering a deep recession could negatively impact India's services sector, bond and equity markets, causing a contraction in demand and potentially leading to a deep recession globally, warns economist Neelkanth Mishra, Chief Economist for Axis Bank and part-time chairperson of the Unique Identification Authority of India. The effects on India could include slower growth in services, a decline in goods exports, dumping of products, and increased volatility in financial markets. Mishra advises India to focus on macroeconomic stability to weather the storm.
The U.S. Treasury yield surge may continue as a strong jobs report supports the case for more tightening from the Federal Reserve, which is bad news for investors seeking relief from rising Treasury yields.
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President Joe Biden attributes Americans' dissatisfaction with the economy to negative media coverage, despite the high number of job gains in September and improved financial conditions for many individuals. The entertainment industry experienced a decline in employment amid strikes, while other sectors saw positive growth. Economists express surprise at the strong job growth, but concerns arise regarding potential interest rate increases by the Federal Reserve.
Savers can take advantage of high interest rates by opening a CD account, with the possibility of earning over $100 on a $5,000 deposit in six months, but it's important to shop around for the best rates and terms.
Diane Swonk discusses the implications of today's jobs number on the economy, the role of bond yields for the Fed, and the impact of union contract disputes on the jobs market.
President Joe Biden celebrates job growth but cautions against economic consequences if House Republicans fail to pass a funding bill to prevent a government shutdown next month.
Jaspreet Singh explains that it is still possible to become a millionaire in today's economy by focusing on personal finances and adopting a different mindset towards wealth-building and investing in oneself.
France has been gripped by hysteria over a rise in cases of bedbugs, despite the fact that they do not pose a significant health threat to humans and are relatively easy to eliminate.
The S&P 500 Index rebounded following a selloff as dip buyers found an overreaction to the blowout US jobs report, driving gains and reversing losses.
Bank of America is forecasting that $400 billion of state and local bonds will be sold next year, which is slightly higher than this year's sales.