LONDON—World share markets shuffled sideways on Thursday as investors looked ahead to a clutch of key central bank meetings next week and disappointing earnings from Netflix and Tesla pushed Wall Street futures lower. There had been pockets of gains in Asia and in commodities markets overnight after China pledged some additional support for its economy…
Stocks Shuffle Sideways, China Drips in More Support
July 20, 2023
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China’s Q2 GDP Growth Slows to 0.8 Percent as Economic Engines Stall
July 20, 2023
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The Chinese communist regime admitted on July 17 that the GDP growth rate in the second quarter of the year was lower than expected. Observers pointed out that China’s economy is actually in stagnation or even decline, as investment and demand both domestic and foreign continue to weaken, with domestic structural problems predicted to lead…
Australian Treasurer Meets Chinese Finance Minister Over Trade Disputes at G20 Summit
July 19, 2023
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Australian Treasurer Jim Chalmers has met with his Chinese counterpart, Chinese Finance Minister Liu Kun, during a G20 meeting in India as the country seeks to progress further in resolving trade disputes with Beijing. This was the first meeting between an Australian treasurer and a Chinese finance minister in four years following a diplomatic fallout,…
Canadian Federation of Independent Business Report Finds Economy Due for Slow Recovery in 3rd Quarter
After a lackluster performance in the second quarter of 2023, Canada’s economic growth is predicted to make a gradual recovery and reach 1.4 percent in the third quarter, according to the latest Main Street Quarterly report released by the Canadian Federation of Independent Business (CFIB). “Key macroeconomic indicators, such as GDP, retail sales and inflation,…
Americans Not Sold on ‘Bidenomics’: Poll
July 19, 2023
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In June, President Joe Biden began an “Investing in America” tour to explain across the country how “Bidenomics” is working to improve the economy. But only 3 in 10 Americans think the economy is improving, according to a new Monmouth University poll. In recent weeks, Mr. Biden has campaigned on the slogan “Bidenomics,” associating his…
[PREMIERING 7/20, 7:30PM ET] Defecting From the ‘Ultimate Propaganda Country’: Hyun-Seung Lee on North Korea’s Oppressive Regime, Its Relationship With China, and Its Nuclear Bluster
July 19, 2023
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“I’ve communicated with some people inside of North Korea, and I heard from them that the recent famine is very similar to [the] 1990s famine. And, as we all know, almost 3 million people died of starvation during that time.” Hyun-Seung Lee, otherwise known as “Arthur” Lee, is a former member of the North Korean…
Warnings Issued About Looming UPS Strike, Affecting 30 Percent of Parcels
A U.S. retail industry group on Wednesday urged the Teamsters Union and United Parcel Service (UPS) to come to an agreement to avert a strike, warning that it could cause billions of dollars in economic losses. The Teamsters and UPS have until July 31 at midnight to reach a new contract deal for hundreds of…
J&J Sues Biden Administration to Block Medicare Drug Price Negotiations
July 19, 2023
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Johnson & Johnson sued to stop the U.S. government from empowering Health and Human Services (HHS) to negotiate lower drug prices for Medicare recipients. The major drugmaker became the third player in the industry attempting to halt the Medicare drug-price negotiations established by the Inflation Reduction Act (IRA), in a claim filed in the U.S. District…
Falling Petrol and Diesel Prices Drove Inflation Down to 7.9 Percent: ONS
The UK’s annual inflation rate in June has slowed down to 7.9 percent, largely driven by falling motor fuel prices, according to figures published on Wednesday by the Office for National Statistics (ONS). The drop, bigger than some forecasts, left economists wondering whether the Bank of England (BoE) would go easier on its next interest rate hike,…
Wall Street Rises at Open as Investors Assess Bank Earnings
Wall Street’s main indexes opened marginally higher on Wednesday as investors digested Goldman Sachs second-quarter results and assessed strong earnings from a number of smaller banks. The Dow Jones Industrial Average rose 39.28 points, or 0.11 percent, at the open to 34,991.21. The S&P 500 opened higher by 8.89 points, or 0.20 percent, at 4,563.87,…
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