Latest Economy News
Is the US economy on track for a 'soft landing'? Friday's jobs report may offer clues
WASHINGTON (AP) — Can the U.S. economy achieve a much-hyped “soft landing”? Friday's jobs report for November will provide some signs of whether that elusive scenario is coming into view. Many of the most recent economic figures have been encouraging. Companies are advertising...
Inflation eased in 2023. That's giving investors hope for a gentler Federal Reserve next year
NEW YORK (AP) — Inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and solid gains for the market next year. Stocks rallied to their best month of the year in November as investors raised their bets that the Fed...
Editorial Roundup: Georgia
Valdosta Daily Times. December 5, 2023. Editorial: Domestic disputes mar holidays Sadly, during the holidays law enforcement typically responds to the most incidents of domestic violence. This should be a joyous time, when people spend special days and...
CEOs of the nation's biggest banks warn that new regulations could harm the economy
NEW YORK (AP) — The heads of Wall Street's biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration's proposed changes to how banks are regulated, warning that the new proposals could negatively impact the economy at a time of...
Stock market today: Asian shares are mostly up as weak jobs data back hopes for an end to rate hikes
BANGKOK (AP) — Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy. Hong Kong's Hang Seng gained 0.5% to 16,413.96 while the Shanghai Composite edged 0.1% higher, to 2,968.75. The gains...
How major US stock indexes fared Tuesday, 12/5/2023
Most stocks slipped on Wall Street, but the market hung near its highest level in 20 months following a mixed set of reports on the economy. The S&P 500 fell 0.1% Tuesday, the Dow fell 0.2%, and the Nasdaq composite rose 0.3%. KeyCorp led a slump for bank stocks...
Moody's cuts China credit outlook to negative, cites slowing economic growth, property crisis
HONG KONG (AP) — Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, citing risks from a slowing economy and a crisis in its property sector. Moody’s said the downgrade, its first for China since 2017, reflects risks from financing...
Economists predict US inflation will keep cooling and the economy can avoid a recession
NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday. Only 24% of economists surveyed by the National Association...
Stock market today: Asian shares slip after Wall Street ends its best month of '23 with big gains
HONG KONG (AP) — Asian shares declined on Friday even after Wall Street closed out its best month of the year with big gains in November. U.S. futures rose while oil prices continued to drop despite the latest extension of OPEC’s production cuts. Even with continued cuts to...
Some OPEC+ members will cut the oil that they send to the world to try to boost prices
LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold. Lower oil prices...
