As President Biden prepares to depart the White House, he leaves an economic legacy marked by a historic pandemic that paralyzed consumers and businesses across the U.S. After inheriting a COVID-scarred nation in 2021, Mr. Biden focused on righting the economy, a strategy that economists told CBS MoneyWatch is visible in the country’s solid GDP […]
President-elect Trump will inherit unquestionably the strongest economy for an incoming administration since the George W. Bush administration. That strong economic performance heading up to the 2001 transition, moreover, was largely buoyed by an overvalued stock market that was about to deflate and cause a recession. There are no such obvious macroeconomic imbalances that look […]
ICE cotton futures declined by over one percent, hitting its lowest level in the last five months. A stronger dollar makes US cotton purchases more expensive, which dampened buying from overseas buyers, especially slower buying from China. The weaker dollar also added to the weakness in US cotton futures. Higher US retail sales data raised […]
The major indexes (^GSPC, ^IXIC, ^DJI) struggled to capitalize on recent gains, with tech stocks sliding. Yahoo Finance reporter Josh Schafer joins Josh Lipton on Asking for a Trend to discuss key data points, including Federal Reserve Governor Christopher Waller’s comments about potential interest rate cuts in 2025. Despite retail sales coming in below expectations, […]
The global economy could face 50% loss in gross domestic product (GDP) between 2070 and 2090 from the catastrophic shocks of climate change unless immediate action by political leaders is taken to decarbonise and restore nature, according to a new report. The stark warning from risk management experts the Institute and Faculty of Actuaries (IFoA) […]
Chancellor Rachel Reeves has insisted she will “fight every day” to deliver economic growth after the latest official figures showed weaker-than-expected expansion in November. The Office for National Statistics (ONS) estimated the UK economy grew in November by 0.1% after falling by 0.1% in both September and October. While a welcome return to growth, most […]
Arkansas’ economic expansion continued in the last months of 2024 and positions the state to continue building momentum as the year opens, according to a regional economic analysis released Wednesday. Nevertheless, rising prices could hinder growth and business executives are worried about persisting inflation and the potential economic hurdles that tariff increases could create. Christmas […]
DOTHAN, Ala. (WTVY) – An Alabama lawmaker believes prescription care management should be a legislative priority during the upcoming session. Rep. Billy Beasley (D-Clayton) said that Pharmacy Benefit Managers control prices and drive dozens of Alabama pharmacies out of business yearly. “They are managing the dollar bill, that’s what they’re managing,” Beasley said on Tuesday. […]
The British government was right to describe the recent bout of market volatility in the UK as having been fuelled principally by “global factors” – in particular, a sharp rise in US bond yields. It was also right in touting how well UK markets have coped with the turmoil. But no one should downplay the […]
A view of a container terminal in Lianyungang, Jiangsu province, in December. WANG CHUN/FOR CHINA DAILY New quality productive forces can be a new momentum to boost high quality development. The central authorities have reiterated that new arrangements should be based on local conditions, emphasizing the need to coordinate the cultivation of new economic drivers […]
