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Weekly Economy 🏛️ Digest

Economy 🏛️ Weekly Top

Sep 18 - Sep 24 , 2023

Vol.38

Wall Street Profited from Risky Used Car Loans, Leaving Buyers Vulnerable to Defaults

9/19/2023

Fed Holds Rates Steady But Signals One More Hike This Year to Tame Inflation

9/20/2023

Menendez Steps Down as Chairman Amid Corruption Charges; McDonald's Raises Franchise Fees; Ticketmaster Cracks Down on Scalpers for Olivia Rodrigo Concerts; Steelers' Fitzpatrick Defends Hit on Browns' Chubb; Zelensky Thanks Canada for Support Against Russia

9/22/2023

India-Canada Ties Strained After Trudeau's Murder Accusations; $6.5B Trade Deal on Hold

9/19/2023

Mortgage Rates Hold Steady But Remain High as Fed Hikes Rates

9/18/2023

Saudi Arabia Builds Ambitious New Cities and Attractions to Boost Quality of Life

9/24/2023

Fed Expected to Hold Rates Steady But More Hikes Possible Later This Year

9/20/2023

Homebuilding Drops to 2-Year Low in August as Mortgage Rates Surge

9/19/2023

Evergrande Staff Detained in China's First Criminal Probe of Company's Debt Crisis

9/18/2023

China's Massive Oversupply of Vacant Homes Could House 3 Billion

9/23/2023

Yen Under Pressure as BOJ Policy Decision Looms Amid Rising US Yields and Persistent Japanese Inflation

9/22/2023

Existing Home Sales Slip in August as Rising Rates Deter Buyers

9/21/2023

UK inflation drops unexpectedly to 6.7% in August, easing pressure on BoE to hike rates

9/20/2023

Political Newcomer Kasselakis Elected to Lead Greece's Syriza Party

9/24/2023

India-Canada Diplomatic Rift Widens Amid Allegations of Indian Involvement in Canadian Killing

9/19/2023

China's Narrow Policy Options Limit Growth Prospects, Structural Reforms Needed

9/24/2023

Fed Faces Balancing Act as Inflation Eases But Risks Remain for Economy

9/24/2023

India Delays Plan to Require Licenses for Laptop and PC Imports, Proposes Registration Process Instead

9/23/2023

Germany's Fading Economic Strength: High Energy Costs and Past Policy Choices Threaten Once-Dominant Economy

9/23/2023

Inflation Soars to 38.6% as Prices of Food and Utilities Skyrocket

9/23/2023

U.S. and China Establish New Working Groups to Improve Economic Relations

9/22/2023

Jobless Claims Fall as Housing Market Shows Signs of Slowing

9/21/2023

Turkish Central Bank Hikes Interest Rates to 30% to Fight Soaring Inflation

9/21/2023

Fed Forecasts Soft Economic Landing But Warns Risks Remain

9/20/2023

Fed Rate Hikes Drive Up Credit Card, Mortgage, and Student Loan Costs While Savers Benefit From Higher Yields

9/20/2023

Housing Market Sees Record High Prices and Payments Alongside Regional Slowdowns

9/20/2023

EU Says New Tariffs on Chinese EVs 'Very Far' Away Despite Ongoing Subsidy Probe

9/20/2023

UK Inflation Drops in August Despite Fuel Price Rises

9/20/2023

Asian Economies Pivot Toward Regional Integration as Intra-Regional Trade and Investment Rise

9/19/2023

Canada's Inflation Jumps to 4% in August, Raising Prospect of Further Interest Rate Hikes

9/19/2023

Yellen Optimistic About Soft Landing For U.S. Economy Despite Risks Like Auto Strike, Shutdown, Student Loans

9/19/2023

Steve Moore on Fox News: Inflation on the Rise Again

9/19/2023

U.S. Business Optimism About China Hits Record Low Amid Geopolitical Tensions and Slowing Economy

9/19/2023

Indian Stocks Pull Back from Highs Ahead of Fed Decision, Ending 11-Day Rally

9/18/2023

Grocery Prices See 4.3% Increase in Past Year, With Big Cost Disparities Across States

9/24/2023

WGA and Studios Near Deal to End 5-Month Writers' Strike

9/24/2023

Overvalued Homes in High Climate Risk Areas Face $2 Trillion Value Loss

9/24/2023

Apple Ramps Up India Production, Aims for $40 Billion Output in 5 Years

9/24/2023

ADB Cuts India's Growth Forecast Amid Slowing Exports and Agri Risks, But Sees Faster Expansion in 2024

9/24/2023

Abu Dhabi Hospitality Summit Convenes Industry Leaders to Discuss Sustainability, Technology and Investment

9/24/2023

Deutsche Bank: US Headed for More Frequent Recessions Due to Avoidance of Economic Downturns

9/24/2023

US Tech Salaries Decline Amid High Inflation, While UK Tech Pay Rises

9/24/2023

Former US Treasury Secretary Calls for India to Grow at 8% for 'Transformative Changes,' Expand Mandates of Development Banks to Deal with Climate Change

9/24/2023

India's Economy Could Grow 8-Fold by 2050 with Reforms and MDB Support, Says G20 Expert Group

9/23/2023

Global Debt Surges to Record $307 Trillion, Raising Concerns About Repayment and Financial Stability

9/23/2023

BRICS Coalition Expands to Include Saudi Arabia and Iran, Aiming to Reduce Dollar's Dominance in Oil Trade

9/23/2023

UK Economy Faces Another Year of Slow Growth and Looming Recession in 2024

9/23/2023

Poverty Surges in Pakistan - 95 Million Now Below Poverty Line, World Bank Urges Urgent Reforms

9/23/2023

China's Lost Generation: Young Adults Struggle with Unemployment and Burnout in New Era

9/23/2023

U.S. and China Establish New Economic Dialogue Groups, Aiming to Improve Communication

9/22/2023

NYT columnist mocked for complaining about $78 airport meal with pricey whiskey drinks

9/22/2023

Xi Jinping Visits Yiwu to Signal Support for Private Business Amid Economic Slowdown

9/22/2023

BOJ Stands Pat on Ultra-Low Rates Despite Rising Inflation

9/22/2023

Australia Posts $14.2 Billion Budget Surplus for 2021-22, First in 15 Years Thanks to Commodities Boom

9/22/2023

Singapore Overtakes Hong Kong as World's Freest Economy After 5 Decades on Top

9/22/2023

Police Arrest 49 During Economic Crisis Protests in Ghana

9/21/2023

Cash-Strapped Chinese Cities Resort to Odd Fines and Budget Cuts Amid Debt and Deflation

9/21/2023

Stocks Sink as Fed Signals Higher Rates, Jobless Claims Drop; Homebuilders, Cisco Fall While FedEx Jumps

9/21/2023

Home Sales Drop Again in August as High Prices and Mortgage Rates Deter Buyers

9/21/2023

Federal Reserve Leaves Rates Unchanged at Record Highs, Squeezing Americans Under Mounting Credit Card Debt

9/21/2023

Norway Central Bank Hikes Key Rate for 13th Time in 2 Years to 4.25% as Inflation Hits 4.8%

9/21/2023

Fed Holds Off On Rate Hike, But More Increases Possible If Inflation Persists

9/21/2023

Stocks Sink as Fed Signals Higher Rates for Longer to Fight Inflation

9/20/2023

Fed Forecasts 'Soft Landing' for Economy with Low Inflation and Unemployment

9/20/2023

Sunak delays UK climate targets amid cost of living concerns

9/20/2023

Housing Bubble Risks Recede in Major Cities, But Affordability Still an Issue: UBS Study

9/20/2023

China to Introduce New Policies to Consolidate Economic Recovery, Says Premier Li

9/20/2023

Rising Oil Prices Loom Over Fed's Inflation Fight

9/20/2023

UAW Faces Uphill Battle Unionizing New EV Jobs in Anti-Union Southern States

9/20/2023

Zelensky Calls for Unity Against Russia in UN Speech; King Charles Visits France; Fed Holds Rates Steady; Insurers Struggle with Climate Costs; Hunter Biden to Plead Not Guilty

9/20/2023

Ghana Faces Bankruptcy After Failing to Pay Billions in Debt, Secures $3B IMF Bailout Amid Financial Crisis

9/20/2023

Gas Prices Reach 11-Month High Due to Oil Supply Cuts and Seasonal Factors, But Falling Demand Could Provide Relief

9/20/2023

Student Loan Payments Set to Resume in October, Potentially Slowing Economic Growth

9/20/2023

China Holds Lending Rates Steady in September Amid Signs of Economic Stabilization

9/20/2023

ADB Trims 2023 Asia Growth Forecast on China Property Woes, But Sees Resilient 2024 Recovery

9/20/2023

Younger Generations Face Higher Mortgage Payments as Housing Prices Rise

9/19/2023

Housing Inventory Squeeze Continues - High Rates Limiting Buyers and Sellers

9/19/2023

Inflation Squeezes Americans' Wallets: 92% Cut Back on Dining Out, Clothes, and More

9/19/2023

U.S. Treasury Lays Out Principles for Banks' Net Zero Climate Commitments, Philanthropies Pledge $340M for Climate Data

9/19/2023

UK to push ahead with India trade talks despite Canada-India row over Khalistani activist's death

9/19/2023

Yield Curve Inversions Losing Power as Recession Predictor

9/19/2023

Eurozone Inflation Cools But Remains High as ECB Debates Further Rate Hikes

9/19/2023

Fed Pauses Rate Hikes Amid Cooling Job Market and Strong GDP Growth

9/19/2023

Government Shutdown Could Lead to Data Drought, Clouding Economic Outlook

9/18/2023

Chicago's Proposed Tax on Derivatives Firms Sparks Fear of Exodus

9/18/2023

Will High Inflation and Economic Resilience Prompt Another Fed Interest Rate Hike?

9/18/2023

Sunac China Secures Creditor Approval for $9 Billion Debt Restructuring Plan

9/18/2023

Yellen Sees Strong Economy But Warns Against Shutdown

9/18/2023

Homebuilder Confidence Drops to Lowest Level Since April as High Mortgage Rates Reduce Affordability

9/18/2023

Fed Officials Meet as Auto Strike, Shutdown Risks, and Student Loans Threaten Economic Potholes

9/18/2023

Experts Warn of Economic Slowdown and Lasting Inflation in 2023

9/18/2023

High Mortgage Rates Deter Homebuyers, But Relief May Come in 12-18 Months

9/18/2023

Jaishankar: Don't Blame West for Global Inequities; India Showing Global South Agenda Doesn't Have to be Set by West Alone

9/18/2023

Thai PM Announces New Policies to Boost Economy and Draw Investment

9/18/2023

Ramaswamy's Popularity Surges Despite Criticism of His Youth, Aims to Revive Meritocracy and Growth as President

9/18/2023