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The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery

JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year

Subscribe to enjoy similar stories. TOKYO—Bank of Japan Gov. Kazuo Ueda repeated his pledge to discuss an interest-rate increase next week, echoing recent comments that have revived market expectations for imminent policy action.

Subscribe to enjoy similar stories. Donald Trump kicked off a new era of Western economic rivalry with Beijing when he took office in 2017. As he prepares for his second term, China’s dominance of global manufacturing is greater than ever.

Subscribe to enjoy similar stories. The Federal Reserve first blamed high inflation on the Covid-19 pandemic. Then the war in Ukraine became the accepted contrivance.

US core inflation kept alive the prospect of Federal Reserve rate cuts this year. Benchmarks in Australia, Japan and South Korea all notched gains. The S&P 500 closed Wednesday 1.8% higher, the benchmark’s best day since the November election, which erased its 2025 decline. The tech-heavy Nasdaq 100 climbed 2.3%.

Home prices soared during the pandemic housing boom, but it could be another four years before they return to those levels, say economists.

WASHINGTON — JPMorgan Chase & Co.‘s net income soared 50 per cent to more than US$14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts. Other major banks reported banner earnings for the year as businesses and consumers continued to spend despite elevated interest rates.

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US stock market crash which could be due to a high probability of recession in the US markets, if the Federal Reserve Bank of New York is to be believed. According to reports, the Federal Reserve Bank has posed a 29% chance of a US recession in the next 12 months, which is already sending US investors into panic.

in-flight experience, including broken seats, the airline is rolling out a series of upgrades aimed at enhancing this.

PHDCCI on Wednesday, as it projected the nation's GDP to grow 6.8 per cent in the current financial year ending March and 7.7 per cent in FY26. With the Indian economy growing resiliently over the past three years, it is expected to become the fourth largest economy in the world by 2026, surpassing Japan, said Hemant Jain, President, PHD Chamber of Commerce and Industry.

Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month

Subscribe to enjoy similar stories. OTTAWA-Since Justin Trudeau said he would resign as prime minister, one Canadian politician after another has looked at running to lead the Liberal Party into new elections that polls show it will lose badly and said: “Not me." Now a prominent name is finally hinting he will run-Mark Carney, a familiar face to the world of finance as the former governor of both the Bank of Canada and the Bank of England and current chairman of Brookfield Asset Management. In an appearance Monday night on the Daily Show, he suggested "without mentioning his potential candidacy" that the party could benefit from an outsider with experience in economics and finance to help guide the Canadian economy at a precarious moment, given the threat by President-elect Donald Trump to slap a 25% tariff on all Canadian imports.

Subscribe to enjoy similar stories. How embarrassing would it be for the Federal Reserve to raise rates this year? Could it admit that its aggressive rate reductions last year, including a cut as recently as last month, were a mistake, and put them into reverse? Investors are starting to think about the idea.

Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.S. economy. Stocks oscillated between gains and losses throughout the day. Equities received an initial lift from a Labor Department report that showed the producer price index rose less than expected in December, although the report failed to materially affect expectations about the Federal Reserve's likely path of monetary policy this year.

The greenback was stabilising in the early Asian session after falling overnight and edging away from a more than two-year peak hit against a basket of currencies at the start of the week.

The health sector holds many of the best job opportunities for workers in 2025, due to factors like high labor demand and pay, according to a new ranking from job search site Indeed.

Subscribe to enjoy similar stories. China is walking a tightrope on its currency. Economic fundamentals suggest a weaker yuan, but the specter of capital outflows still haunts Beijing, making it wary of any sharp moves in the currency.