Latest Economics News

Canadian Dollar Faces Further Decline Amid Economic Uncertainty

Economists predict further decline for the Canadian dollar as it trades below 70 cents U.S., influenced by U.S. economic strength and political uncertainty in Canada.

IRS Set to Disburse $1,400 Payments to One Million Taxpayers

The IRS is set to distribute $1,400 payments to approximately one million taxpayers who failed to claim the Recovery Rebate Credit on their 2021 tax returns.

Navigating Uncertainty: Economic Outlook for 2025

Explore the uncertain economic outlook for 2025, highlighting moderate growth, persistent inflation, and investment opportunities across various sectors.

Canada's Inflation Rate Drops to 1.9% in November, Signaling Economic Trends

Canada's inflation rate drops to 1.9% in November, surprising economists and signaling a gradual approach to interest rate cuts by the Bank of Canada.

Economists Predict Inflation Trends for November Amid Taylor Swift's Impact

Economists predict that inflation in Canada for November will hover around 2%, influenced by Taylor Swift's Eras Tour, which has impacted prices in various sectors.

China's Bond Market Faces Economic Challenges Ahead

China's bond market is facing significant economic challenges as yields hit record lows, signaling investor pessimism despite government efforts to stimulate growth.

Biden Warns Against Republican Return to 'Trickle-Down Economics'

In a recent speech, President Biden warns against a return to Republican 'trickle-down economics' while highlighting his administration's economic achievements.

Europe's Economic Challenges and Leadership Issues

Explore the economic challenges facing Europe amid political instability in France and Germany, and the implications for future growth and reform.

Economic Optimism Soars for Republicans, Dips for Democrats Following Trump's Election Win

Following Trump's election win, economic optimism has surged among Republicans while plummeting for Democrats, revealing a stark divide in sentiment and inflation expectations.

Economic Data Sparks Market Optimism Amid Fed Speculation

Wall Street's main indexes reached record highs, driven by technology stocks, as investors anticipate comments from the Federal Reserve and key jobs data.

Morgan Stanley Highlights Economic Recovery Stocks Amid Market Optimism

Morgan Stanley identifies key cyclical stocks for economic recovery, highlighting trends and market influences as 2024 approaches its end.

Canada's Economy Misses Forecasts, Raises Rate Cut Expectations

Canada's economy has reported disappointing growth figures, leading to increased expectations for a rate cut by the Bank of Canada in December. The GDP growth of 1% annually in Q3 falls short of forecasts, raising concerns about the economic outlook.

Trump's Economic Team and Tariff Threats: A Looming Trade War?

Explore the implications of Trump's economic team and their tariff threats on trade relations with Mexico, Canada, and China, as concerns about a potential trade war grow.

Trump's Treasury Pick Boosts Market Confidence

Trump's nomination of Scott Bessent as Treasury Secretary boosts market confidence, easing fears of aggressive trade policies and leading to significant gains in major stock indexes.

Trump Appoints Scott Bessent as Treasury Secretary

Donald Trump has nominated Scott Bessent as Treasury Secretary, a key figure in shaping economic policy amidst market uncertainty.

Fed's Rate Cuts and Economic Outlook for 2025

Explore the Federal Reserve's anticipated rate cuts and the economic outlook for 2025, highlighting inflation risks and market reactions.

World's First Zero-Emission Cluster Joins WEF Initiative

AM Green Kakinada Cluster becomes the world's first zero-emission industrial cluster to join the WEF's Transitioning Industrial Clusters initiative, aiming for economic growth and reduced emissions.

Stock Market Declines Amid Economic Uncertainty

U.S. stock market declines as investors react to Federal Reserve's cautious stance on interest rate cuts and political developments surrounding President-elect Donald Trump.

Inflation Data Sparks Anticipation for Federal Reserve Rate Cuts

Recent inflation data shows a 2.6% rise in consumer prices, keeping the Federal Reserve on track for a potential rate cut in December. Market expectations have surged as the Fed navigates inflationary pressures.

Trump's Economic Policies Impact Markets and Predictions

Explore the impact of Trump's economic policies on markets, including predictions for the S&P 500 and Bitcoin's record highs.

Frustrated Americans Await The Economic Changes They Voted For With Trump

Frustrated Americans express dissatisfaction with the economic changes they expected after voting for Trump, as inflation and job creation remain pressing issues.

Trump's Election Victory Impacts Economic Policies and Market Expectations

Explore how Trump's election victory is reshaping economic policies, influencing Federal Reserve decisions, and impacting market expectations, with potential consequences for consumers and global trade.

China's Economic Recovery Gains Confidence

China's economic recovery is gaining momentum as Premier Li Qiang expresses optimism about the nation's growth prospects. Recent data indicates a rebound in consumer demand and services activity, bolstered by government stimulus measures aimed at revitalizing the economy.

FII8 Day Three Concludes with $70 Billion in New Deals

FII8 Day Three concludes with $70 billion in deals announced, focusing on sustainable investments and economic growth strategies.

Ottawa Should Be Cautious About Abrupt Immigration Changes, Economists Warn

Economists urge Ottawa to be cautious about abrupt changes in immigration policy, highlighting potential economic and social implications.

Japan's Economic Recovery: A Mixed Outlook Amid Global Risks

Japan's economy shows moderate recovery signs, but global risks and political changes complicate the outlook. The government downgrades industrial production while private consumption rises.

GDP and Storm-Impacted Jobs Numbers to Set Table Ahead of Fed Policy Meeting

Explore how GDP and storm-impacted job numbers are influencing the upcoming Federal Reserve policy meeting, with insights on economic implications.

Bank Of Canada Faces Pressure For Another Significant Rate Cut Amid Sluggish Growth

Economists suggest the Bank of Canada may need another significant rate cut to address slow growth, prompting homeowners to consider variable-rate mortgages.

OpenAI Appoints First Chief Economist to Navigate AI's Economic Impact

OpenAI has appointed its first chief economist, Aaron Chatterji, to lead research on the economic impacts of AI, focusing on job creation and growth.

Bank of Canada Set to Implement Significant Rate Cut Amid Falling Inflation

The Bank of Canada is expected to announce a significant interest rate cut this week as inflation falls below target, aiming to stimulate economic growth.

Alibaba And JD.com Join Forces Amid Economic Struggles

Alibaba and JD.com ease their rivalry by sharing logistics services in response to economic challenges, marking a significant shift in the Chinese e-commerce landscape.

Trump Promotes Tariffs and Economic Vision in Chicago Interview

Donald Trump promotes his economic policies, emphasizing tariffs as a solution to protect American jobs and generate government revenue during an interview at the Economic Club of Chicago.

China Faces Growing Deflationary Pressures in September

China's economy faces increasing deflationary pressures as consumer inflation eases and producer prices decline. Government officials signal potential stimulus measures to revive demand.

US Consumer Sentiment Dips in October Amid High Prices

US consumer sentiment has dipped in October due to frustrations over high prices, despite strong consumer spending contributing to economic growth.

China Vows To Hit Economic Goals, Stops Short Of Large Stimulus

China expresses confidence in achieving economic targets but disappoints investors with limited stimulus measures, leading to significant market reactions.

Activists Rally Against 76ers Arena Development in Philadelphia's Chinatown

Activists in Philadelphia's Chinatown rally against the proposed development of a $1.3 billion arena for the 76ers, citing concerns over gentrification and community identity.

US Job Market Surges with 254K New Jobs in September

The U.S. economy added 254,000 jobs in September, surpassing expectations and lowering the unemployment rate to 4.1%. This article explores the implications of these figures for the economy and upcoming elections.

Stock Market Plummets as Nasdaq Leads Declines Amid Oil Price Surge Following Iran Attack

U.S. stocks fell sharply as the Nasdaq led declines following Iran's missile attack on Israel, causing oil prices to spike. Economic data showed mixed signals, with job openings rising unexpectedly.

China's Economic Struggles Prompt Government Stimulus Measures

China's economy shows signs of weakening as factory surveys indicate declining manufacturing activity. In response, the government is ramping up stimulus measures to support the economy and bolster consumer confidence.

US Consumer Spending Remains Strong as Inflation Eases

U.S. consumer spending showed resilience in August, rising slightly less than expected, while inflation continued to decline, suggesting solid economic growth in the third quarter.

Sri Lanka's New President Aims to Revive IMF Talks Amid Economic Crisis

Sri Lanka's new President Anura Kumara Dissanayake plans to restart talks with the IMF to address the country's severe economic crisis, aiming to make austerity measures more bearable for the poor.