Fox News Channel is currently broadcasting various news programs on America's Newsroom and The Faulkner Focus, while Fox Business Channel is airing Varney & Company; in addition, Fox News Radio is providing live coverage, and there is a live stream awaiting the verdict in the trial of James Crumbley, the father of the Michigan school shooter.
Higher interest rates in Japan will have wide-ranging impacts on the government, companies, banks, households, and the overall economy, with potential winners including financial institutions, importers, and power-intensive businesses, while potential losers may include the government, homeowners, low-profitability companies, and the tourism sector.
S&P Global Ratings downgraded Argentina's local debt to selective default after the government implemented a distressed debt swap, pushing investors to exchange bonds for new notes with later maturities.
Americans are taking out more hardship withdrawals from their 401k retirement accounts, with 1 in 7 Americans now having a loan against their 401k, as household debt reaches a record high and credit card debt continues to rise.
Two in three Americans feel guilty when dining out, with tighter budgets making eating out less enjoyable, according to a survey of 2,000 American adults, with creative money-saving measures such as ordering from the kids' menu and using coupons becoming popular.
Treasury Secretary Janet Yellen expresses regret for describing inflation as "transitory," acknowledging that it has lasted longer than initially anticipated, but remains optimistic about the overall downward trend in price pressures.
High borrowing costs have had an overlooked impact on consumer sentiment, according to a working paper co-authored by economist Lawrence H. Summers, with the analysis uncovering similar gaps in other countries.
Prices in the Atlanta metro area rose faster than the national average, primarily due to increases in the cost of housing, according to the latest bi-monthly regional inflation measure.
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Dollar Tree Inc.'s low-income customers at Family Dollar Stores are shopping less, leading to the closure of 970 Family Dollar locations, while the retailer is experiencing growth in higher-income households at its Dollar Tree stores.
The Bank of Japan will consider ending its negative interest rate policy as pay hikes by major companies bring the central bank's price stability target closer, with the outcome of annual wage negotiations playing a key role in the decision.
Opening a certificate of deposit (CD) is a viable option for counteracting the negative effects of inflation, as CD interest rates are currently higher than the inflation rate and are likely to remain high for longer.
A new poll has found that the majority of US renters and homeowners believe that the American Dream of owning a home is dead, reflecting a negative perception of the economy and the unaffordability of the housing market.
The prices of nonprescription drugs have risen by 9.3% year-over-year due to inflation, increased demand, manufacturing labor costs, and inflationary pressures, according to a Yahoo Finance report citing Bayer's statement.
The video is playing in picture-in-picture, featuring various shows on Fox Business Channel, Fox News Channel, and Fox News Radio throughout the day and evening.
Inflation increases due to rising gas prices and housing costs, leaving the Fed uncertain about rate cuts, while consumer confidence falters amid recession fears.
The combination of the ISM Manufacturing New Orders Index and the yield curve has been warning of an upcoming recession since September 2023, but the new high for the SPX in March 2024 suggests that a recession will not start any sooner than May 2024.
US stock market indexes have a mixed start to the day, but positive economic data, including the Consumer Price Index (CPI), is boosting hopes for US economic growth, leading to strategist forecasts for broadening market rallies.
The United States has achieved energy independence for the first time in 40 years, becoming a net exporter of fossil fuels, which reduces the risk of fuel shortages and price fluctuations due to global conflicts and market fluctuations.
More people under 25 in the UK are now considered "economically inactive" than ever before, leading many young influencers on TikTok to joke about not having jobs, despite concerns about worker shortages and unfilled job vacancies in the country.
The price of kenkey is gradually reducing due to the abundance of maize on the market, according to Minister for Food and Agriculture, Dr Bryan Acheampong.
Shanghai is implementing an action plan to boost foreign investment and reinforce its position as a global innovation hub, with promises to improve cross-border data flows and protect intellectual property rights; however, foreign businesses are calling for more concrete action rather than just promises.
Canadian household net worth increased by 1.8% to $12.2 trillion in Q4 2023, driven by a 5% rise in household financial assets, despite a decline in real estate values, according to Statistics Canada.
Despite increasing pessimism about Canada's economic future, economist Tyler Cowen argues that Canadian GDP per capita has been rising since 2014, indicating that the economy is better than it appears; BMO chief strategist Brian Belski believes a broadening of market performance will benefit Canadian equities; Wells Fargo equity analyst Christopher Harvey notes that momentum-driven stocks are affected by quarterly equity index rebalancing; and there are growing concerns about the resurgence of measles.
China's Generation Z, also known as "Zoomers," are driving innovation in e-commerce, fintech, and digital services, making the digital sector an increasingly important part of the country's economic growth, according to a survey by China Trading Desk. Zoomers are at the forefront of technology adoption and their consumption habits are influenced by new technologies, making them as influential as their millennial predecessors. They prefer experiences over material goods, have diverse travel preferences, and are more open to disclosing their sexuality and addressing environmental concerns.
Men's increasing pessimism about the economy has contributed to the "vibecession," highlighting the persistent gender gap in economic perceptions and the ongoing challenges faced by women in the workforce and caregiving.
Pakistan Stock Exchange shares traded in the red for the second consecutive session as the benchmark index declined by 753 points due to uncertainty surrounding the upcoming Monetary Policy Committee meeting and concerns about the depreciating rupee and clearance of circular debt.
India's booming economy is driven by investment, with economists at Morgan Stanley stating that the country's current expansion resembles that of the mid-2000s and has room for further growth due to increased capital expenditure, rising exports, and economic stability.
The cost of producing pennies and nickels in the US continues to exceed their face value, with producing these coins costing the US Mint $179 million in 2021, while the use of cash decreases and digital payments rise, presenting challenges for lower-income individuals who heavily rely on cash for basic banking services.
The phrase "economic headwinds" has become a popular euphemism used by CEOs and executives to explain business challenges beyond their control, allowing them to avoid taking responsibility for internal failings or outdated business models, while also appeasing investors and shareholders.
Muhammad Aurangzeb, a veteran banker and political outsider, has been appointed as Pakistan's new Finance Minister, tasked with steering the country out of its economic struggles, negotiating a new IMF loan program, and implementing economic reforms.
India's current economic surge resembles the mid-2000s, with high investment-to-GDP ratios and urban demand surpassing rural, according to a Morgan Stanley report, signaling a continuing investment-driven cycle.
California's economy is expected to grow faster than the nation's, but unemployment rates will remain higher due to factors such as non-market activities and job losses in certain sectors; however, the tech industry is projected to absorb these layoffs and contribute to overall growth. The forecast also suggests that the housing market may recover with lower mortgage rates and state policies promoting new home building, although risks remain in domestic policy and international situations.
China's property crisis, already exacerbated by the collapse of Evergrande, could worsen as concerns grow over Vanke, a state-backed developer seeking debt extensions, potentially undermining confidence in all property developers in the country.
Investors in a troubled trust fund in China are facing financial ruin as the government plans to return only a fraction of their money, which is a result of the country's property industry slump and broader economic slowdown, leaving some investors deep in financial trouble.
A recently released report indicates that several U.S. cities, including Dallas, Houston, and Miami, are struggling with high inflation rates in 2024, fueled by factors such as monetary easing, supply-side shocks, and environmental issues.
Pakistan's government plans to negotiate a larger economic bailout package with the IMF, aiming to sustain macroeconomic stability, implement digitalization of the tax system, and privatize Pakistan International Airlines, among other measures.
Argentina has successfully swapped 77% of its peso debt due this year for longer-dated notes, a move that will help stabilize the economy and reduce the need for printing more pesos to cover debt payments.
Citigroup CEO Jane Fraser predicts a soft landing for major economies emerging from the "long tail of Covid" and highlights India's potential for growth and innovation, emphasizing that India's domestic economy is what excites her the most. She also discusses the importance of India to Citigroup's global strategy and predicts that India will remain a key player in multiple dimensions for the company. Fraser downplays concerns about the US banking system, stating that the recent incidents are manageable and that the reserves in larger banks are high. She also acknowledges the era of more protectionism and notes the challenges faced by China in terms of demand and overcapacity in global markets.
China's economic data needs to be more transparent and comprehensive in order to boost investor confidence and provide a fuller picture of the country's economic situation, according to a government adviser. Officials should release more frequent and diverse data sources, including micro-level statistics, to address concerns and guide enterprises in forming reasonable growth expectations. Additionally, the adviser emphasized the importance of publicizing data from powerhouse regions and expanding consumption statistics to cover a wider range of sectors.
Increasing inflation could be a critical factor in determining the choice of swing voters in the upcoming presidential election, as new data reveals a surge in the consumer price index and a decline in the average working person's standard of living.
Argentina's inflation rate slows for the second consecutive month as President Javier Milei's austerity measures aim to revive the struggling economy, although yearly inflation remains at its highest in three decades.
Argentina's inflation rate slowed down in February for a second consecutive month, reaching 13.2%, amid President Javier Milei's implementation of austerity measures and deregulation policies; however, inflation remains at a three-decade high of 276.2% year-on-year.
Joe Biden's policies and spending plans, including proposals to increase taxes and implement high levels of government spending, are likely to result in high inflation rates, increased interest rates, and a stagnating economy in the long-term.
The price of burgers in the US has risen by 5.9% compared to last year, with certain ingredients such as pickles, onions, and sesame seed buns also becoming more expensive, even as overall food inflation has remained flat, posing challenges for both burger proprietors and consumers.
Governments in Asia, including Singapore, Beijing, Tokyo, and Seoul, are grappling with declining birth rates, which pose challenges such as a shrinking workforce and reduced economic growth, despite efforts to provide monetary incentives to prospective parents. These low birth rates are influenced by institutional, cultural, and structural issues, making it difficult for monetary measures alone to fix the problem. Researchers suggest that addressing wider issues like job security and work-life balance may indirectly contribute to improving fertility rates.
China's National People's Congress (NPC) chooses caution over expansion as it grapples with weak consumption, youth unemployment, and local government debts amid a slowing economy.
Asian shares mostly rose as technology companies led a record rally on Wall Street, while speculation of Japan's central bank ending its super-easy monetary policy and raising interest rates increased.
Inflation in metro Atlanta has slightly cooled in the past two months, but remains above the Federal Reserve's target, with the consumer price index showing a 3.3% increase from a year ago for the region, according to government statistics released Tuesday.
Argentina's monthly inflation has slowed for a second consecutive time due to the fading impact of peso devaluation and austerity measures, with consumer prices rising 13.2% in February and the economy experiencing its fastest pace of annual inflation since the 1990s.
India's CPI inflation remained stable at 5.1% in February, with food inflation rising slightly but offset by a slowdown in core and fuel inflation, suggesting that the Indian economy is far from overheated at the moment.
