The world economy faces a potential crisis as Iran reconsiders its status as a regional troublemaker, and the cartoon reflects on these developments.
The number of initial jobless benefit claims in the US decreased to the lowest level since mid-October, indicating a healthy labor market and supporting economic growth.
Shortages of chickens and eggs have caused rapidly rising prices and long lines at stores in Russia, with Putin blaming it on the rising incomes of Russian citizens.
The US is reducing its imports from China, with Mexico surpassing China as the largest exporter to the US, as the two countries try to reduce dependencies on each other in the face of growing tensions.
Nearly 30% of Americans in the nation's 100 largest metros were behind on at least one debt payment in the third quarter of 2023, with serious delinquencies exceeding 90 days past due or more, according to a study by LendingTree.
Fresh inflation data is expected to show a continued slowdown in the US, but certain details may indicate challenges, emphasizing the need for caution in declaring victory over rapid price increases. However, the progress in lowering inflation is welcome news for policymakers and President Biden, as it eases the strain on household budgets and could lead to a reduction in interest rates. Nonetheless, inflation and mortgage rates will remain key concerns for the Federal Reserve in the upcoming election year, as they impact the strength of the American economy and can influence voter sentiment.
U.S. oil production is at its highest level ever, and energy exports are increasing, but the U.S. is not expected to achieve oil independence due to factors like a potential decrease in demand and inadequate pipeline capacity.
America's economic growth is surpassing expectations while inflation continues to decrease, raising questions about how long the trend will last; Japan's geishas are adapting to modernize their trade and ensure its survival.
U.S. stocks closed little changed after hotter-than-expected inflation data and signs of labor market strength dampened hopes for early interest rate cuts by the Federal Reserve, though a fall in Treasury yields limited declines.
Palm Beach County in Florida experienced a net gain in adjusted gross income of $7 billion during the pandemic, making it the county with the highest affluence increase in the US, driven by an influx of wealthy individuals from other states, according to IRS data.
President Biden has yet to benefit from moderating inflation, as the upcoming release of data on the Consumer Price Index could complicate the White House's efforts to show progress on rising prices, despite "core" inflation expected to have dropped below 4 percent for the first time since May 2021.
Former President Trump's statement that he hopes for an economic crash within the next year has drawn criticism from Democrats, but it may have little impact on his campaign as he continues to defy traditional political norms.
Argentina is on track to surpass Venezuela as the country with the fastest price increases in Latin America due to its spiraling inflation crisis, with economists predicting annual inflation to surge past 200% in December.
US inflation slowed in December, with the consumer price index expected to show a 3.2% increase from the previous year, raising concerns about ongoing price pressures despite recent rate hikes by the Federal Reserve.
The Bank of England may have to move up its first interest rate cut as three leading forecasters predict inflation will drop to 2% by April, faster than expected due to a slump in energy prices and oil costs.
Saudi contracting firm Nesma & Partners is looking to expand into the mining and renewables sectors to diversify its income streams and capitalize on the growth potential of these industries. The company's CEO, Samer Abdelsamad, highlighted their interest in mining and their focus on renewables, as well as their involvement in major projects in Saudi Arabia. He emphasized the importance of being prepared for future opportunities and expressed the desire to find the right resources and partners to ensure success.
Fairfax Financial Holdings chairman, Prem Watsa, has reaffirmed the company's commitment to India and plans to double its $7 billion investment in the country over the next five years, citing India's consumer-oriented economy and the leadership of Prime Minister Narendra Modi as key factors for its attractiveness as an investment destination. Watsa also highlighted India's advantage over other countries in terms of economic stability and potential for growth. Additionally, he mentioned the company's plans to expand its investments in airports and warned about the high PE ratios of big global tech stocks.
U.S. consumer debt has reached an all-time high of $5 trillion, with credit card debt increasing by $19.1 billion in November alone, raising concerns about rising delinquencies and high interest rates.
US emissions dropped 2 percent in 2023, despite economic growth, attributed to a mild winter and reduced coal power, while emissions from transportation rose by 1.6 percent, according to a new analysis.
China's central government is expected to take on more responsibility for public infrastructure spending in order to stabilize economic growth, as local governments continue to struggle with debt and the property market remains unstable.
Despite the current belief in a soft landing for the economy, MKM Partners Chief Economist Mike Darda warns that recession risks are still high due to historical patterns and uncertain impacts from the Federal Reserve, cautioning investors to consider potential downsides rather than relying on optimistic scenarios.
India's strength and stability in the face of uncertainties are inspiring hope and making it a trusted global partner, according to Prime Minister Narendra Modi at the Vibrant Gujarat Global Summit, where significant investments in green energy and semiconductors were announced. Modi also highlighted India's potential to become one of the world's top three economies and its role as a technology hub for finding solutions.
Nebraska Gov. Jim Pillen and Mayor Jean Stothert have announced a multi-million dollar grant for the redevelopment of north Omaha, including the Omaha Airport Business Park and Levi Carter Park Community Center.
Wall Street is close to reaching a record high as investors eagerly await an inflation report to determine if the recent surge in stock prices is justified.
As inflation slows down, companies are finding it more difficult to justify price increases, leading to a decrease in "tactical price increases" in various markets.
The average American household spends over $1,000 per month on groceries, with California being the most expensive state to buy food, while Wisconsinites spend $76 less per week at the grocery store than their Californian counterparts.
Generative AI is projected to have a massive $1 trillion impact on the U.S. economy over the next decade, but it may result in significant disruption to jobs, with approximately 90% of them being affected, according to a study by Cognizant Impact and Oxford Economics.
The debate over inflation in the US reveals that while about half of it was indeed transitory, the policy prescription of the Federal Reserve was incorrect, as their projection that interest rates would not need to rise until 2023 would have been disastrous.
Investors are closely watching the upcoming release of the December Consumer Price Index (CPI) to gauge when the Federal Reserve will start cutting interest rates, as a decrease in inflation could lead to a rate cut in March and potentially lower borrowing costs for businesses and consumers. Economists expect a slight increase in annual headline inflation but a decrease in core inflation, with car prices, airfares, and shelter being key areas of focus. While markets anticipate rate cuts, Fed officials have taken a more cautious approach, stating that they are not yet at the point of cutting rates.
Cuba's government plans to increase fuel prices by over 500 percent in February, with pump prices spiking to 132 pesos per liter, in an attempt to revive the country's struggling economy, but this move, along with the opening of dollar-only gas stations, raises concerns about access to goods and services for citizens.
Ecuador is facing a wave of violence, prompting President Daniel Noboa to crackdown on gangs and drug trafficking as criminal groups take prison staff hostage and interrupt live television broadcasts.
China's crumbling real estate sector, exemplified by the bankruptcy of Zhongzhi Enterprise Group, is a systemic issue that could have global implications due to its significant contribution to the Chinese economy and its interconnectedness with global markets.
Former President Donald Trump plans to impose a 10% tariff on almost all imports if reelected, a move that could potentially trigger a trade war and worsen inflation, according to economic research.
A new analysis shows that 44 out of 50 US states worsen income inequality by making the wealthy pay a smaller share of their income in taxes than lower-income individuals, with regressive tax systems exacerbating the problem. Only six states and the District of Columbia have tax systems that reduce inequality, while the top 1% pays less in taxes than any other income group across 42 states. Various state-level policies and the lack of progressive taxation contribute to this disparity.
Fitch expects high US fiscal deficits to continue this year, with the fiscal policy and governance implications of the presidential elections being important factors for the country's sovereign rating. Despite this, Fitch predicts that the US economic outlook has improved and does not expect a recession this year. Meanwhile, Fitch also expects the Federal Reserve to cut interest rates three times in 2020.
JPMorgan CEO Jamie Dimon warns that a "Goldilocks" economy may not prevent a recession in the US due to the end of COVID-related financial aid programs and the country's mounting debt.
In a debate over billionaires' impact on the economy, a director at the American Enterprise Institute argues that billionaire innovators create immense value for the US, while others attribute their existence to policy failures and increasing inequality.
The rising cost of living and inflation are making it difficult for Americans to meet their financial goals, with 57% of respondents saying that these costs will impact their goals in 2024, according to a survey by Bread Financial. Different generations are adopting various strategies to cope with financial uncertainty, including cutting back on spending, paying down debt, and prioritizing savings for home or car purchases. Many Americans are also turning to side hustles to cover basic costs, with 45% currently having a side gig. Additionally, a significant number of individuals struggle with saving money, and a large portion of respondents blame inflation for their inability to afford basic expenses.
US greenhouse gas emissions dropped by almost 2% in 2023, while the economy grew by a similar amount, according to an analysis by Rhodium Group, with a decline in power sector emissions attributed to a mild winter and reduced use of coal power; however, emissions from transportation increased and the nation still has a long way to go to meet President Biden's emissions reduction goals.
The World Economic Forum's Global Risks report for 2024 highlights false information, rising conflicts, and economic uncertainty as the most widespread risks facing the world this year.
China's economy is expected to grow by 5.3% this year, according to the Chinese Academy of Sciences, despite concerns from international institutions and challenges such as ailing real estate market and falling global demand for exports.
Interactive Brokers Chief Strategist Steve Sosnick believes there is an asymmetric risk for investors in the upcoming release of the Consumer Price Index report, stating that good news on inflation is already priced in, but an upside surprise in inflation is not.
Treasury Secretary Janet Yellen highlighted a decrease in inflation and a resilient economy in a speech, attributing these factors to the Biden administration's policies, although acknowledging the need for further efforts to control inflation and address high prices.
Treasury Secretary Janet Yellen will emphasize in a speech the decline in inflation and the strong economy, attributing it to the Biden administration's policies such as the American Rescue Plan and several legislations, while acknowledging the need for further efforts to control inflation and reduce costs for essential goods.
Wells Fargo Investment Institute has increased its year-end target for the S&P 500 due to an improved economic outlook and expectations of interest-rate cuts, with the index expected to end the year in the range of 4,800 to 5,000; additionally, it expects the U.S. Federal Reserve to implement three interest rate cuts by mid-2024.
The Mortgage Bankers Association's index of mortgage applications rose 9.9% despite a slight increase in mortgage rates, with strong demand for home purchases and refinancing.
Saudi Arabia announced that the estimated value of its mineral resources has doubled to $2.5 trillion, making it a promising sector for diversifying the country's economy.
Investors are awaiting Thursday's inflation data to gain insights into the Federal Reserve's outlook, resulting in small movements in stocks, bonds, and the dollar.
Living in cities may actually be more cost-effective for low-income individuals due to the high costs associated with suburban living, including transportation expenses, and the greater opportunities and resources available in urban areas.
Tesla has launched a restyled Model 3 in North America, refreshing its vehicle lineup in its biggest market. Indian Prime Minister Narendra Modi's beach visit to a remote Indian archipelago has sparked controversy in the Maldives. The endoscopic clips market is expected to reach $632.5 million by 2031, driven by the increasing need for endoscopic diagnosis and detection of abnormalities. U.S. stocks closed mostly lower as investors anticipate interest rate cuts and await new inflation data and earnings results. Microsoft is challenging Apple as the world's most valuable company as concerns about iPhone sales affect Apple's stock. Former President Donald Trump will not be giving his own closing argument in his civil fraud trial in New York, potentially costing him millions of dollars in penalties. Protesters in a camp near Ottawa are refusing to leave despite pressure from the local municipality and accusations of unfair targeting by the landowner.