Economy Financial News

By Holger Hansen

I am a risk manager, both literally and figuratively. Literally, since whether it is with our own funds and strategies or allocations for individual investor clients, or with my trading book back when I worked on Wall Street, the hard constraints are always capital, capital, and capital and so managing risk is part of how you make sure you don’t lose that capital.

Omega Family Office's Leon Cooperman analyzes the rate cut outlook and the response to antisemitism on campuses on 'The Claman Countdown.'

.Job gains and raises helped power solid economic growth in the U.S. last year, but what if those gains were a mirage? The Labor Department overestimated job gains last year by about 13%. That suggests some of Wall Street’s optimism last year was built...

Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos

Wall Street is holding steadier as yields stabilize in the bond market following a jump earlier in the week

past couple of days. If it was all about cautious optimism and expectations of the global economy managing a soft landing yesterday, the three existentialist threats are ruling the dialogues everywhere I go– Artificial Intelligence (AI), climate change and the wars across the globe. Artificial intelligence in fact is the flavour of WEF – there is no conversation that does not feature it in some way or the other and everybody is an AI expert.

unemployment benefits last week fell to its lowest level in more than a year, underscoring the resilience of the labour market despite elevated interest rates that are intended to cool the economy. Jobless claim applications fell to 187,000 for the week ending January 13, a decrease of 16,000 from the previous week, the Labor Department reported Thursday. That's the fewest since September of 2022.

China’s BYD, the largest electric vehicle manufacturer globally, introduced three battery electric vehicle models in Indonesia on Thursday as the company aims to establish itself as the market leader in Southeast Asia's largest economy.

MUMBAI : India should look to grow by at least 7% in 2024-25, sustaining the better-than-anticipated growth in the ongoing financial year, say the authors of an article in the Reserve Bank of India's January bulletin. On 17 January, RBI governor Shaktikanta Das said he expected India's gross domestic product (GDP) growth to touch 7% in FY25.

‘Mornings with Maria’ panelists react to December’s better-than-expected jobs report, detailing its expected impact on the labor market and U.S. economy.

Bank of America CEO and Chairman Brian Moynihan discusses the Fed's rate hikes, 2024 consumer strength and big bank regulation.

India will be the fastest growing major economy in the world for the next three years. China's growth has been estimated to slow to 5.4% in 2023 and to 4.6% in 2024 and edge slightly higher at 4.8% in 2025 before settling at 4.6% in 2026-dragged down largely by its property market woes and slowing demand. S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. The decline of China, and at the same time the rise of India, has one common factor: population. Chinese are shrinking in number and aging, which is bad for the manufacturing powerhouse which needs young labour to stay in the leadership position. India, on the other hand, has more than 50% of its population below the age of 25 and more than 65% below the age of 35. SO many young people at work will propel economic growth if the government policies align. Shifting population numbers make India's rise and China's decline inevitable. China's baby problem As per the Chinese government, the population dropped by 2 million people in 2023 in the second straight annual drop as births fell and deaths jumped after the lifting of COVID-19 restrictions, AP has reported.

Stocks retreated and bond yields climbed on speculation the Federal Reserve will be in no rush to cut interest rates as the economy shows signs of resilience.

IndiGo and 250 from Air India, adding that the aircraft manufacturing giant has delivered 75 units to Indian carriers — 41 to Indigo, 19 to Air India, 14 to Vistara and one to Go First. “India is a force that will power global aviation over the next decades...the forecast is that India will require 2,840 new aircraft over the next 20 years to serve the needs of its growing aviation market," PTI quoted Maillard as saying.

Wells Fargo (WFC) was downgraded to Hold from Buy at Odeon in a note on Thursday with a $48.80 price target.

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell last week to the lowest level since late 2022, suggesting job growth likely remained solid in January.

The markets were a little calm in early European trade on Thursday, after the major US indexes managed to bounce off their lows on Wednesday following a sizeable drop in global indexes and U.S. futures earlier in the day.

Stocks finished lower yesterday as rates rose globally and the dollar strengthened. Many forces are at work, making for a potentially volatile situation for the stock market, especially as we head into earnings seasons.

Despite property prices rising up to ~40% across the top seven cities of India over the last 24 months and higher mortgage rates, demand for luxury real estate remains high, and as much as 71% of UHNIs and HNIs in India wish to buy luxury real estate in the next 12-24 months, compared to 61% last year, according to a survey conducted by India Sotheby’s International Realty.

Political risk in the U.K. is «far less than it's ever been» as the difference between the ruling Conservative Party and main opposition Labour on economic policy is «fairly minimal,» Barclays CEO C.S. Venkatakrishnan said Thursday.