Economic Outlook Recession Watch Us Economy Is on Shaky Ground
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GDP rises in February increasing hopes UK is out of recession
The economy grew by 0.1%, official figures show, with the production sector providing the biggest boost.BBC News - Top stories - United Kingdom -
UK economy posts 0.1% growth in February in further sign of recession rebound
The U.K. economy fell into a recession last year but showed slight growth in January.CNBC - Business - United Kingdom -
UK GDP grows in February, suggesting economy is escaping recession – business live
Jeremy Hunt says UK is “turning a corner” after GDP rises by 0.1% in February, but IoD fears economy still fragile. UK takes another step on path to exit recession as GDP risesCity experts sound confident that the UK economy will pull itself out ...The Guardian - World - United Kingdom -
Philips shares climb after finalizing pact with U.S. over device sales
Philips reiterated its financial outlook on Wednesday after finalizing a consent degree with the U.S. Department of Justice and Food and Drug Administration that will prevent it from selling new respiratory care devices in the U.S. but will allow ...MarketWatch - Business -
Treasury yields jump by most since 2022-2023 after hotter-than-expected CPI inflation report
Two- and 10-year Treasury yields leapt by the most in at least a year on Wednesday, after March’s hotter-than-expected consumer-price index report threw doubts on the Federal Reserve’s ability to cut interest rates by June.MarketWatch - Business -
Ratings agency downgrades China debt outlook over economic uncertainty
Fitch cut to negative comes as country moves away from reliance on growth from property sectorYahoo Sports - Sports - China -
Chipmaker TSMC posts sharpest increase in sales since 2022 following AI boom
Taiwan Semiconductor Manufacturing Co, which supplies chips to Apple and Nvidia, saw its sales increase 16.5% in the first quarter of 2024MarketWatch - Business -
FCC’s new ‘nutrition labels’ for broadband internet aim to show you exactly what you’re paying for
Americans often aren’t clear on what they’re getting from their internet service providers, and that has spurred a new requirement from the Federal Communications Commission that takes effect Wednesday.MarketWatch - Business -
Tesla reportedly in talks to set up India venture
Tesla is in talks with Reliance Industries to set up manufacturing in India, according to a published report.MarketWatch - Business - Tesla -
FAA reportedly investigating whistleblower claims alleging flaws in Boeing’s 787 Dreamliner
A whistleblower has reportedly complained to federal regulators that Boeing Co. overlooked safety concerns in the production of its 787 Dreamliner jets.MarketWatch - Business -
Where home-insurance costs are rising the fastest in the U.S. — it’s not California or Florida
Homeowners across the nation are grappling with the rising cost of home insurance. But the sharpest hikes aren’t being felt in the most disaster-prone markets, according to a new report.MarketWatch - Business - California -
Chip makers are in an arms race and ASML is the arms dealer, hedge fund manager says
ASML is best placed to capitalize on the “gold rush” surrounding AI as it sells the tools required to make cutting edge AI chips, Vijay Shilpiekandula said in his winning pitch at the Sohn ConferenceMarketWatch - Business -
Fitch cuts China credit outlook to negative on ‘uncertain economic prospects’
Rating agency voices concern as Beijing transitions from property-led growth modelFinancial Times - World - China -
Many New Yorkers have dire outlook on economy, are considering leaving: Poll
More than half of New Yorkers in a new poll say they think their economy is getting worse, prompting many to consider leaving the state. The new Marist poll found 51 percent of surveyed New Yorkers described the economy as getting worse right now. ...The Hill - Politics -
Biden gives remarks on care economy: Watch live
President Biden is expected to deliver remarks at a rally Tuesday highlighting his administration’s work over the last several years intended to ease some of the burdens placed on care workers. The event, held by a coalition called Care Can’t Wait ...The Hill - Politics - Joe Biden -
Hot US economy dampens hope for rate cuts
Economic data across multiple metrics is coming in hot, showing the strength of the U.S. economy and the persistence of inflation in the last mile of its descent down to the Federal Reserve’s target rate of 2 percent. A March uptick in the ...The Hill - Politics -
Big investors buy European bonds over US Treasuries as economies diverge
Pimco and T Rowe Price among firms to increase exposure in Europe amid cooling inflationFinancial Times - Business -
US voters warm to Biden on economy but inflation concerns persist
FT-Michigan Ross poll finds president’s gains could be derailed by stubborn fears over high pricesFinancial Times - World - Joe Biden -
US deficit poses ‘significant risks’ to global economy, warns IMF
Fund also cites concerns over fiscal ‘imbalances’ in UK, China and ItalyFinancial Times - Business -
The Latest | Israel vows to defend itself if Iran responds to attack on its consulate
Israel’s military says it is prepared to defend the country and strike back if Iran decides to retaliate for this month’s deadly airstrike on the Iranian Consulate in SyriaABC News - World - Iran -
On the Ground at the Venice Biennale
Scenes from the pre-opening at the pivotal art event.The New York Times - Top stories -
The WSJ Dollar Index Falls 0.3% to 100.33
The WSJ Dollar Index was down 0.3% today to 100.33 — snapping a five-trading-day winning streak.The Wall Street Journal - World -
How to watch the US Open Pickleball Championships: Livestream options, dates and times to watch today
Find out how and when to watch the US Open Pickleball Championships, including who's competing.CBS News - Top stories - US Open -
UK takes another step on path out of recession as GDP rises
February growth of 0.1% comes despite construction and retail being hit by wet start to year. Business live – latest updates. Britain’s economy has taken a step closer to exiting recession as official figures showed growth continued in February ...The Guardian - World - United Kingdom -
For a record 446 days, this recession indicator pointed to a downturn that never arrived
One of the bond market’s most reliable signals of an impending U.S. recession has remained inverted for 446 straight trading sessions — matching a record without producing any economic downturn.MarketWatch - Business -
The economic paradox of the Biden presidency
Employers have been adding jobs since Joe Biden took office, but will the good news translate into votes?The New York Times - Business - Joe Biden -
Beijing 'Hits' an Economic Target
Notching a specific GDP number is easy. Real growth remains elusive.The Wall Street Journal - World -
Germany's Economic Picture Is Brightening
German economic expectations are surging, as falling inflation is expected to boost real disposable incomes, Pantheon Macroeconomics economist Melanie Debono writes in a note.The Wall Street Journal - World -
Imperial Brands Says Outlook on Track
Imperial Brands continues to expect operating profits for the year to be close to the middle of its mid-single digit range, with its first-half performance supported by strong tobacco pricing.and growth in new generation products.The Wall Street Journal - Business -
Fitch Cuts China's Outlook as Fiscal Strain Starts to Bite
The ratings agency said the change to China’s rating outlook reflected rising risks to the country’s public finances.The Wall Street Journal - World - China -
Why Arizona Will Be Ground Zero for the 2024 Abortion Fight
After the state’s highest court banned virtually all abortions, Republicans are on defense in one of the nation’s top battlegrounds.The Wall Street Journal - World - Abortion -
Common Ground With VP Pence on IVF in Alabama
The president of the American Society for Reproductive Medicine replies.The Wall Street Journal - World -
Myanmar junta loses ground as insurgency gains momentum
Fall of border town of Myawaddy is a blow to military regime already reeling from poor moraleFinancial Times - World -
GE Sells Crotonville, a Training Ground for Generations of Managers
The site where former CEO Jack Welch once held lectures in a sunken auditorium known as “The Pit” will become a conference center. 3M and Boeing are still looking to unload campuses.The Wall Street Journal - World -
GE Sells Crotonville, a Training Ground for Generations of Managers
The site where former CEO Jack Welch once held lectures in a sunken auditorium known as “The Pit” will become a conference center. 3M and Boeing are still looking to unload campuses.The Wall Street Journal - Business -
Dollar Slightly Higher After Powell Comments
The dollar was slightly higher after Fed Chair Jerome Powell kept a hawkish tone.The Wall Street Journal - World -
Boeing whistleblower says 787 fleet should be grounded
Boeing engineer Sam Salehpour said in a Tuesday interview that he thinks all 787 jets should be grounded to allow for proper safety checks of the plane, which has come under fire in recent months following a slew of incidents. The new interview — ...The Hill - Politics -
Trump Election Inquiries Gain Ground in Swing States
Georgia, Michigan and Nevada have already brought charges against people who posed as electors for Donald Trump, and Arizona and Wisconsin have active investigations.The New York Times - Top stories - Donald Trump -
3 Reasons This Country Is a Top ISIS Recruiting Ground
Hundreds of Tajik men have joined an Islamic State affiliate, analysts say.The New York Times - World -
China’s economic growth hits 5.3%
Annual figure for first quarter beats expectations as Beijing seeks manufacturing-led revivalFinancial Times - Business - China