News

The US economy will be stronger than many think in the 4th quarter because COVID-19 is less lethal than before, says Wall Street chief strategist

Economists concerned that skyrocketing COVID-19 case counts in the US will curb the economic recovery are ignoring the pandemic’s remarkably low lethality rate, James Paulsen, chief investment strategist at The Leuthold Group, said Friday. The US Economic Surprise Index, which tracks economic momentum, has been more closely correlated with virus […]
The US economy will be stronger than many think in the 4th quarter because COVID-19 is less lethal than before, says Wall Street chief strategist
Markets

Dow climbs 139 points, Nasdaq soars as tech giants rally ahead of earnings

US equities climbed higher on Thursday as rallying tech stocks and encouraging economic data reversed some of Wednesday’s plunge. Apple,Amazon,Facebook, and Alphabet led gains ahead of the companies’ third-quarter reports. US GDP grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading […]
Dow climbs 139 points, Nasdaq soars as tech giants rally ahead of earnings
Markets

‘The most disruptive thing to hit markets in many years’: 5 financial experts sound off on coronavirus chaos, and what it means for investors

Stock markets around the world slumped on Monday as new coronavirus deaths in Iran, Italy, and South Korea marked a new high for outbreak-related fears. Economists have repeatedly downgraded their projections for global growth as the virus stifles demand, while public firms lowered forward-looking guidance due to supply chain disruptions […]
‘The most disruptive thing to hit markets in many years’: 5 financial experts sound off on coronavirus chaos, and what it means for investors
Markets

More than 64,000 infected, GDP cuts, and SARS parallels: Here’s how bad the global economy could get as the coronavirus outbreak rages

Coronavirus has infected 64,000 and killed 1,380 so far. And as the health crisis worsens, it’s become increasingly clear that the outbreak will have wide-reaching economic consequences. China’s economy is forecast to grow by the smallest margin since the Great Recession – news that will hit its embattled and vulernable […]
More than 64,000 infected, GDP cuts, and SARS parallels: Here’s how bad the global economy could get as the coronavirus outbreak rages
Markets

These are the 20 fastest-growing US states over the last 50 years

The US economy has been the world’s largest economy for more than a century. However, some US states have been growing much faster than others over the past 50 years. Some states have benefited hugely from the tech boom, while others have suffered from declines in manufacturing jobs and other […]
These are the 20 fastest-growing US states over the last 50 years
Markets

Prices in Venezuela rocketed 130,000% last year

Prices rocketed more than 130,000% in Venezuela last year, according to the first set of central bank data released since 2015. Inflation topped 50% for most of 2018 and exceeded 850% in 2017. Venezuela’s GDP has dropped by at least 10% for 11 straight quarters. Visit Markets Insiders’ homepage for […]
Prices in Venezuela rocketed 130,000% last year
Markets

US economy grows 4.1%, the fastest pace since 2014

The US economy grew in the second quarter at the fastest pace since 2014. Gross domestic product increased at an annualized rate of 4.1%, led by consumer spending, a preliminary report from the Commerce Department said. The US is now a $US20 trillion-plus economy, the first time a country has […]
US economy grows 4.1%, the fastest pace since 2014
Markets

‘Ouch’: The global economy is having a painful start to 2018

Global developed economy growth slowed sharply at the start of 2018, according to UBS. The Swiss bank’s economic modelling suggests that growth slowed by 0.7% between the fourth quarter of 2017 and the first quarter of 2018. If the USA is excluded from that modelling, the fall is 1%. “Ouch.” […]
‘Ouch’: The global economy is having a painful start to 2018
News

Britain is the only major economy on earth where growth is slowing

Britain’s Gross Domestic Product (GDP) grew 0.4% in the final quarter of 2017, unchanged from the previous reading. GDP grew by 1.4% on a year-to-year basis in the quarter, once again unchanged from February’s reading. Annual growth was revised marginally higher to 1.8%, but the UK is the only major […]
Britain is the only major economy on earth where growth is slowing
Lifestyle

The 20 best countries around the world to invest in now

U.S. News & World Report released its rankings for the best countries to invest in this year. Those rankings were determined by 7,000 worldwide business decision makers who scored each country on eight attributes, including entrepreneurship, economic stability, and favourable tax environment. The list differs greatly from last year’s; three […]
The 20 best countries around the world to invest in now
News

Britain just became the slowest-growing major economy in the world

Britain’s economy grew just 0.4% in the final quarter of 2017, the ONS said on Thursday. That marks a downward revision from the ONS’ previous estimate that growth was 0.5%. “A number of very small revisions to mining, energy generation, and services were enough to see a slight downward revision,” […]
Britain just became the slowest-growing major economy in the world
News

GDP beats: Britain’s economy grew faster than expected at the end of 2017

Britain’s economy grows 1.5% year-on-year in the fourth quarter of 2017, preliminary ONS estimate shows. Growth was expected to be 1.4%. On a quarter-by-quarter basis, GDP grows 0.5%, also ahead of forecasts. Expansion was driven by the dominant services sector, which accounts for almost 80% of GDP. LONDON – Britain’s […]
GDP beats: Britain’s economy grew faster than expected at the end of 2017
US

CARL WEINBERG: We don’t have enough workers to get to 3% GDP growth

High Frequency Economics’ chief economist Carl Weinberg sat down with Business Insider CEO Henry Blodget on this week’s episode of The Bottom Line. Weinberg says we don’t have enough workers to get to 3% growth. Following is a transcript of the video. Weinberg: The stock market says the consensus still […]
CARL WEINBERG: We don’t have enough workers to get to 3% GDP growth
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