economic growth

Euro zone inflation hits a record high of 10.7% as growth slows sharply

Euro zone inflation hits a record high of 10.7% as growth slows sharply

Inflation in the euro zone remains extremely high. Protestors in Italy used empty shopping trolleys to demonstrate the cost-of-living crisis. Stefano Montesi – Corbis | Corbis News | Getty Images Euro zone inflation rose above the 10% level in the month of October, highlighting the severity of the cost-of-living crisis in the region and adding …

Euro zone inflation hits a record high of 10.7% as growth slows sharply Read More »

CNN Exclusive: Treasury secretary says she's not seeing signs of a recession in the US economy |  CNN Politics

CNN Exclusive: Treasury secretary says she’s not seeing signs of a recession in the US economy | CNN Politics

CNN — Treasury Secretary Janet Yellen said Thursday in an exclusive interview with CNN that she did not see signs of a recession in the near term as the US economy rebounded from six months of contraction. During a one-on-one interview in Ohio that aired on CNN’s “Erin Burnett OutFront,” Yellen said the third quarter …

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US Economy Grew 2.6% in Third Quarter, GDP Report Shows

US Economy Grew 2.6% in Third Quarter, GDP Report Shows

The US economy grew in the third quarter but showed signs of a broad slowdown as consumer and business spending faltered under high inflation and rising interest rates. Gross domestic product—a measure of goods and services produced across the nation—grew at a 2.6% annual rate in the third quarter after declining in the first half …

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Hong Kong stocks plunge 6% as fears about Xi's third term trump China GDP data |  CNN Business

Hong Kong stocks plunge 6% as fears about Xi’s third term trump China GDP data | CNN Business

Hong Kong CNN Business — Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Foreign investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped Chinese equities and the yuan …

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These 11 stocks can lead your portfolio's rebound after the S&P 500 'earnings recession' and a market bottom next year

These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year

This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary policy to quell inflation. Ken Laudan, a portfolio manager at Kornitzer Capital Management in Mission, Kan., isn’t buying it. He expects an “earnings …

These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year Read More »

S&P 500 would be in an 'earnings recession' if not for this one booming sector -- but that may not last long

S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long

Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an earnings recession if it were not for one high-flying sector in 2022: energy. Higher oil prices have led to …

S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long Read More »

IMF warns of higher recession risk and darker global outlook

IMF warns of higher recession risk and darker global outlook

WASHINGTON (AP) — Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, managing director of the International Monetary Fund, told an audience at Georgetown University on Thursday that the IMF is once again lowering its projections for global economic growth in 2023, …

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US stocks mostly higher as strong economic data lifts sentiment ahead of Powell's speech

US stocks mostly higher as strong economic data lifts sentiment ahead of Powell’s speech

US stocks traded mixed at the noon hour on Thursday with the S&P 500 and Nasdaq Composite headed for back-to-back gains following a batch of strong economic data as investors waited to hear from Federal Reserve Chairman Jerome Powell. How stocks are trading S&P 500 SPX rose 18 points, or 0.4%, to 4,158. Dow Jones …

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JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the beginning of the year has already exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s equity quant Marko Kolanovic. While more Wall Street …

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline Read More »