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2 mins read

The Fed is done cutting rates this year as the 'phantom recession' is finally dead, market vet says

The US recession many forecasters have been calling for isn't going to materialize anytime soon, ac…

Jennifer Sor   


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2 mins read

A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

Economists are less concerned about an imminent downturn after far more jobs were added in Septembe…

Theron Mohamed   


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2 mins read

A 'Roaring '20s' economy is becoming more likely as bullish factors stack up, UBS says

"It's no longer too soon nor too optimistic to suggest that the US will experience a Roaring '20s e…

Matthew Fox   


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2 mins read

Fitch raises global growth forecast on improved near-term prospects

Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per ce…

ANI   


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Growth in India set to get more broad-based, says Morgan Stanley; pegged 6.8% for 2024

Growth in India, which already is strong and surging, may become more broad-based across both on th…

ANI   


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4 mins read

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years

In a statement on Wednesday, the US-based agency said India's rating can be upgraded in the nex…

PTI   


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2 mins read

China's latest stimulus boosts emerging-market stocks to the highest level in 2 years

Emerging markets' stocks climbed to their highest since April 2022 on Tuesday after China introduce…

Kelly Cloonan   


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3 mins read

The job market is about to rebound as widespread spending boosts the economy, Apollo chief economist says

The US could add as many as 300,000 jobs in September, according to an estimate from Apollo's chief…

Jennifer Sor   


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9 mins read

We're losing the one thing that's keeping the peace between America and China

American businesses hoped China would be a gold mine. That dream is dying and it could make it hard…

Linette Lopez   


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3 mins read

This college professor turned out to be an economic oracle last year. Here's her outlook for 2024.

Belinda Román teaches at a little-known Catholic university in Texas. She called the economy better…

George Glover   


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4 mins read

Baby boomers have a ton of their wealth tied up in stocks and housing. Here's why that's a risk to the economy.

Boomers' net worths could be hit by falling stock and home prices. That's bad news for the entire e…

Jennifer Sor   


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4 mins read

Welcome to interest-rate cut week: Here's how the Fed's next move will impact everything from home prices to new cars loans

The Federal Reserve is expected to finally announce interest-rate cuts this week. Here's everything…

Madison Hoff,Ayelet Sheffey   


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2 mins read

India to clock 7% growth in FY25 despite headwinds: Deloitte

According to Deloitte projections, growth is likely to be 6.7% in the next fiscal year (2025-26). T…

PTI   


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3 mins read

Bad news for coders: The US is past peak software developer

The strong demand for software developers has softened, so it could take more time to land this typ…

Madison Hoff   


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3 mins read

Small business owners could be poised for a 1990s-like boom

One economist warned entrepreneurs against letting fear of the economy guide emotional business dec…

John Towfighi   


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6 mins read

American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back

As KFC and McDonald's struggle globally, they're driving hard into China with aggressive store expa…

Matthew Loh   


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2 mins read

Fed trims interest rates by 50 basis points, gold prices touch record-high

Per chairman Jerome Powell, the decision was taken in light of easing inflationary pressures in the…

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1 min read

A closely watched gauge of economic activity says no recession headed for the US

The gauge declined again in January but for the first time in six months, most of the indicator's c…

Yuheng Zhan   


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1 min read

New York Fed chief says it's time to lower rates with inflation cooling and the labor market slowing

Following the August jobs report, John Williams said the economy is "now in equipoise," with easing…

Kelly Cloonan   


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2 mins read

The unemployment rate slid as expected in August after a surprise increase the prior month

August's jobs report is a critical signal of the chances of a coming recession.

Madison Hoff