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The Latest Breaking News from GDP

Why it's time for Scotland to switch to the wellbeing economy

Thomas Bertram Lance, adviser to Jimmy Carter in the 1970s, coined a famous phrase: “If it ain't broke, don't fix it”.

The National (Scotland)

Conor Sen: Squeezed homebuyers are just what the economy needed

The housing market is full of surprises. Sentiment among homebuilders has been perking up, their stocks are surging, and new home sales are at the strongest since early 2022. All in the face of persistently high mortgage rates.

Tribune News Service

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

Eurozone price pressures have eased, although core inflation has risen, as economists warn UK recession risk has not vanished

The Guardian - UK

Dollar Rallies on Sharp Rise in T-note Yields

The dollar index (DXY00 ) Thursday rallied by +0.41% on the sharp +13 bp rise in the U.S. T-note yield to 3.83% s on the hawkish Powell comments, which substantially improved the dollar’s interest rate differentials. The dollar also received a boost from the upward revision in U.S. Q1 GDP...

Barchart

Stock Market Today: Stocks Close Mixed After Fed Stress Tests, GDP

The Dow outperformed Thursday on strength in blue-chip bank stocks JPMorgan Chase and Goldman Sachs.

Kiplinger

The Next President Needs To Cut Spending

At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.

Reason

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CBO data shows why deficits should matter again

There was a widening bipartisan sense that fiscal deficits don't really matter. Now, they do again.

Axios

Tech Stocks Undercut by Sharp Rise in T-note Yields on Hawkish Powell

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. Stocks are being undercut by today’s hawkish Powell comments,...

Barchart

CBO Projects Huge Deficits, $116 Trillion in New Borrowing Over the Next 30 Years

A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.

Reason

Dow Jones Rises After Surprise Drop In Jobless Claims, Strong GDP; Cathie Wood Sells $7 Million In Tesla Stock

The Dow Jones rose Thursday after initial jobless claims and Q1 GDP data. Cathie Wood sold more than $7 million in Tesla stock.

Investors Business Daily

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

September S&P 500 futures (ESU23) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.27% this morning after three major U.S. benchmark indices ended the regular session mixed as investors weighed Fed Chair Jerome Powell’s hawkish signals, while bracing for another round of economic data.

Barchart

Stocks Move Higher Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

September S&P 500 futures (ESU23) are up +0.13%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.16% this morning after three major U.S. benchmark indices ended the regular session mixed as investors weighed Fed Chair Jerome Powell’s hawkish signals, while bracing for another round of economic data.

Barchart

Central Bankers Maintain Their Hawkish Bias at ECB’s Policy Forum

Central bank chiefs kept up their hawkish language as they appeared today on a policy panel at the ECB’s policy retreat in Sintra, Portugal. Fed Chair Powell said he won’t take two consecutive rate hikes off the table “at all.” Powell also said, “Policy hasn’t been restrictive for very long....

Barchart

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Bangkok Post

To invest or not to invest in Thailand?

In this post-Covid era, Foreign Direct Investment (FDI) into Thailand has been on the rise, with FDI inflows and applications for investment promotions increasing 36% from the previous year (approximately $13 billion). Accordingly, Thailand's gross domestic product (GDP) is expected to increase from 2.6% in 2022, to a projected high…

Bangkok Post

How Thailand's welfare state could change

For the past few decades, many countries have been working towards providing "healthcare for all", including equity in access to healthcare and healthcare financing.

Evening Standard

OPINION - I am so tired of the careless West failing the global south on climate

At a drinks event before President Macron’s recent climate summit in Paris, the new Barbadian High Commissioner to London told me a startling fact: his country’s entire GDP could be wiped out by a single hurricane in just four hours.

France 24

China's Premier says 'de-risking' calls from West are 'false proposition'

In his address at the World Economic Forum in Tianjin on Tuesday, Chinese Premier Li Qiang dismissed the notion put forth by the United States and the European Union of decreasing dependence on China's economy as a "misguided proposition". Furthermore, he reassured attendees that despite mounting concerns about the vigor…

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Al Jazeera

Greece’s New Democracy sets ambitious goals in second term

Party has its work cut out to raise investment, economic growth and wages while lowering debt and unemployment.

Barchart

GDP, Powell and Other Key Items to Watch This Week

This upcoming week looks relatively quiet, which is probably a good thing with another earnings season kicking off at the beginning of July. Here are 5 things to watch this week in the market:

Barchart

Stocks Fall as Recession Odds Rise on Weak PMI Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday fell by -0.77%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell by -1.00%. U.S. stocks were undercut by Friday’s weak U.S. and...

Barchart

Stocks Fall on Economic Gloom Driven by Weak PMI Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.11%. U.S. stocks are being undercut by today’s weak U.S....

Fortune

Americans are so indebted that it’s holding back the economy. These 4 key reforms could give them room to breathe

The inexorable march of debt may well be the most important economic factor in our lifetime.

Dynamite News

India's GDP forecast raised to 6.3% from 6% for current fiscal year: Fitch Ratings

This is primarily because of a stronger outturn in the first quarter and near-term momentum. Read further on Dynamite News:

The Hindu

Fitch raises India's GDP forecast to 6.3% from 6% for current fiscal year

Fitch Ratings on June 22, 2023 raised its forecast for India’s economic growth to 6.3% for current fiscal year 2023-24 from 6% it had predicted previously

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