Economy Financial News

Republican candidate for U.S. Senate in Michigan Mike Rogers expresses confidence in Trump and congressional Republicans to win election majorities and details his priorities to protect Detroits auto industry.

Argentina's libertarian president, Javier Milei, a political outsider who won election last year brandishing a chainsaw as a blunt symbol of his plans to cut spending, is defying long odds to right the embattled economy and keeping a lid on voter anger. After years of economic crises, debt defaults, soaring inflation and currency crashes, Milei's success is giving an adrenaline shot to long-moribund local bonds and sparking a wild rally in the markets some 11 months into his administration. The wild-haired economist, a poster child for the global far right and neoliberalism, has scored key economic wins in recent months, helping pull the country's debt out of distressed territory for the first time in half a decade.

Shares are mostly higher in Europe and Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy

Subscribe to enjoy similar stories. Political risk—the notion that an election might have a meaningful impact on financial markets—used to be something that was the concern of emerging-market investors. Those in rich countries paid attention to central bankers, rather than politicians.

Subscribe to enjoy similar stories. As the rich world ages and faces chronic labour shortages, even as productivity slows, the silver generation—those over the age of 50 years—can be a valuable demographic group. Not only to overcome these challenges, but also transform the way society functions.

Subscribe to enjoy similar stories. Stock market experts have cautioned investors that past performance is not a crystal ball for future gains. Given the Nifty 50 index’s hefty 26% return over the past year, investors may need to scale back their return expectations for equities.

Federal Reserve officials prepare for the start on Wednesday of their two-day policy meeting, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management policy measures to «fine tune” the economy. The lesson learned on more than one occasion is that — apart from threats of high inflation at the one end and recessions or balance sheet implosions at the other end — it is better to maintain a steady policy steer rather than react to every data point. The time has come for the Fed to internalize, albeit belatedly, this lesson. Policymakers grew increasingly confident at the end of the 20th century that fiscal and monetary policies could be used to deliver a “great moderation.” Some went as far as to suggest that they had “conquered the business cycle.” At the root of this overconfidence in “fine tuning” the economy — something that had also occurred a couple of decades earlier — was a misunderstanding of John Maynard Keynes’s innovative insights into the workings of the demand side of the economy, which was best summarized in his 1936 “The General Theory of Employment, Interest Rates and Money.” It was a policymaking phenomenon that, once again, had gone too far, oversimplifying Keynes’ critical insights. And it was one that was again blown apart by a series of disruptive events, quite a few of which were caused by a lack of humility.

Subscribe to enjoy similar stories. With scant detail on how Beijing aims to stimulate its way out of its economic downturn, some investors have speculated that the U.S. presidential election might prompt the big “bazooka" markets have hoped for.

Key Square Group founder Scott Bessent and chief economist at the America First Policy Institute Michael Faulkender discuss former President Trump's agenda on 'Kudlow.'

US election 2024 polls to choose between Democratic Vice President Kamala Harris and Republican former President Donald Trump as the country's next president. However, strikes in the aerospace industry depressed manufacturing employment while hurricanes shortened the collection period for payrolls, making it hard to get a clear picture of the labor market ahead of next week's presidential election, Reuters reported. «This is not the clarifying report on the economy that Americans and markets needed before next week's election to answer whether voters are better off than they were four years ago,» Christopher Rupkey, chief economist at FWDBONDS.

No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year

Subscribe to enjoy similar stories. Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal. Officials began lowering rates at their previous meeting in September by making a larger half-point cut.

Subscribe to enjoy similar stories. India’s 2020-21 Economic Survey had observed, “Never in the history of sovereign credit ratings has the fifth largest economy in the world been rated as the lowest rung of the investment grade (BBB-/Baa3). Reflecting the economic size and thereby the ability to repay debt, the fifth largest economy has been predominantly rated AAA.

Subscribe to enjoy similar stories. The Indian economy's performance improved in September compared to the previous month. However, there were still some signs of weakness compared to six months ago, showed the 16-high frequency indicators tracked by Mint in its monthly macro tracker.

Election Day approaches on 5 November 2024, the competition between Donald Trump and Kamala Harris is heating up, especially in vital swing states. Both candidates are making final pushes in what is shaping up to be a tightly contested presidential race.Also Read: US Election 2024 Live: Gaza emerges as ‘top issue’ for many New York Muslims; Michigan Muslims voters swing to TrumpApproximately 244 million people are eligible to vote in the upcoming US presidential election on 5 November.

America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls

US economy if Donald Trump is elected to power at the White House after November, feel expert economists. This is quite a scary factor for Americans at this point, with Donald Trump approval ratings currently off the charts. The concept of a Donald Trump win is slowly becoming a strong possibility, with just a couple of days to go for the elections to begin.

In a recent YouTube episode, Lichtman spoke about the unusually high level of election anxiety surrounding this race, comparing it to elections he’s followed since the 1960s. He attributes the tension to public fears about the future of American democracy and deep divisions over the country’s direction, remarking that he has personally faced unprecedented hostility and threats throughout this election season.

petrochemical industry is charting a path towards becoming a global powerhouse, integral to the nation’s economic vision of a USD32 trillion economy. This ambitious journey hinges on a dynamic chemical sector, with manufacturing output projected to increase by an extraordinary 50 times, reaching USD6 trillion. This growth will be driven by strategic partnerships, investments in sustainable practices, and innovation across the chemical value chain.

Mumbai: Samvat 2081 kicked off on a firm note as the country’s stock benchmarks gained nearly half a percent in Friday’s 60-minute Muhurat trading session, marking the start of the Hindu New Year. The Sensex closed at 79,724, up 335 points or 0.42%, after advancing as much as 634 points. The Nifty ended 94 points or 0.39% higher to close at 24,299.55. The Nifty Midcap100 index rose 0.67% while the Nifty Smallcap 100 went up 0.87%. Of the 3,648 traded stocks on the BSE, 3,017 advanced, while 558 declined.

Kamala Harris’ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth