Tag: Breaking News: Economy
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Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
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India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
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Young voters struggle to afford housing. But they don’t expect help from political candidates
Pennsylvania’s competitive U.S. House districts showcase how housing affordability challenges for young voters may play into control of the next Congress.
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Stocks making the biggest moves midday: Marvell, Moderna, Lamb Weston, Constellation Energy & more
Here are some of the companies making headlines in midday trading.
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Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year
That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.
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World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been “weak or negative.”
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Stocks making the biggest moves midday: Microsoft, SpaceX, Vaxcyte, Banco Bradesco, DraftKings & more
Here are some of the companies making headlines in midday trading.
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The 2029 tipping point: Western populations are about to start shrinking, piling pressure on public finances
Moody’s predicts that the world’s aging populations will have fundamental impacts on the global economy and lead to difficult policy decisions.
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Daily Open: Who’s steering oil now?
Much for investors to digest as markets kick off another trading week as all U.S. bombers left a U.K. base over suspected terror attack, and more tankers were struck near Iran.
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‘Handful’ of G20 countries reject U.S. stance on excess industrial capacity
The rejection from the vast majority of G20 countries follows the Trump administration’s imposition of tariffs of 10% or 12.5% on goods from 59 countries.
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