Nasdaq index futures hit a record high on Friday as investors sought economically stable sectors after a small delay in voting on President Joe Biden’s $1.75 trillion spending bill, while rising COVID-19 cases in Europe also dented sentiment. S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over…
Nasdaq Futures at Record High as Economic Concerns Drive Tech Demand
November 19, 2021
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US Trade Representative Tai Hints at New Asian Economic Framework: NHK
November 18, 2021
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TOKYO—U.S. Trade Representative Katherine Tai said the United States may set up a new Asian economic framework with allies and “friendly” nations as early as next year, NHK public television reported on Thursday. The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labour, environment, and digital trade issues,…
Everything Costs More
In this episode of Counterculture with Danielle D’Souza Gill, D’Souza Gill dives into why our pocketbooks are being hit hard by inflation, economic stagflation, slow growth, and shortages to top it all off. She interviews the economist Brian Wesbury on why all of this is happening. We see that all of this is sadly, completely…
Fed Report Shows Wage Pressures Amid ‘Modest to Moderate’ Economic Growth
U.S. employers reported significant increases in prices and wages even as economic growth decelerated to a “modest to moderate” pace in September and early October, the Federal Reserve said on Wednesday in its latest compendium of reports about the economy. “Outlooks for near-term economic activity remained positive, overall, but some Districts noted increased uncertainty and…
ARK Invest’s Wood Warns Upcoming Economic Downturn in China ‘Obvious’
October 13, 2021
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NEW YORK—An economic slowdown in China could ripple through the global economy and weigh on commodity prices and growth, star stock picker Cathie Wood of ARK Invest warned in a webinar on Tuesday. Wood, whose flagship $19.7 billion Ark Innovation fund was the top-performing U.S. equity fund in 2020, said that China’s recent steps to…
Oil Falls on Concerns of Faltering Economic Growth to Hit Demand
October 13, 2021
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LONDON—Oil prices edged down on Wednesday on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues though surging prices for power generation fuel such as coal and natural gas limited losses. Brent crude futures fell 24 cents, or 0.2 percent, to $83.18 a barrel at 0830 GMT….
Bulgaria Sees Economic Growth, Inflation Picking Up This Year
SOFIA—Bulgaria’s economy is expected to rebound with growth of 4 percent this year and accelerating to 4.9 percent in 2022, the finance ministry said in its autumn macroeconomic forecast on Wednesday. The small and open economy contracted by 4.2 percent in 2020 when the COVID-19 pandemic hit jobs and businesses. The ministry said strong domestic…
Fed’s Powell: Economic Bottlenecks in Reopening Could Be ‘More Enduring’
WASHINGTON—The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove “more enduring than anticipated,” and the Federal Reserve would move against unchecked inflation if needed, Fed Chair Jerome Powell said in remarks prepared for delivery to the Senate Banking Committee on Tuesday. “The process of reopening the economy…
World Shares Advance on Mixed Economic Data
September 17, 2021
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World shares were mostly higher on Friday as investors assessed a hodge-podge of economic data. Benchmarks rose in Frankfurt, Paris, Tokyo and Hong Kong but fell in Sydney. U.S. futures edged higher, while the yield on the 10-year Treasury note was steady at 1.33 percent. Oil prices retreated from their surge earlier in the week….
Wall Street Gains as Crude Price Surge, Strong Economic Data Prompt Broad Rally
September 16, 2021
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NEW YORK—U.S. stocks closed higher on Wednesday as rising crude prices boosted energy shares and a swath of positive U.S. data suggested inflation has crested and the economic recovery remains robust, boosting investor sentiment. All three major U.S. stock indexes gathered strength as the session progressed, with economically sensitive cyclicals, smallcaps and transportation stocks leading…
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