Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of this year’s presidential election.Shelton, 67, drives an Uber to help pay rent in Aurora, Colorado. An advance on her pay covered her apartment’s security deposit. But … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at reporting on the leveraged US middle class by Claire Ballentine and Eliza Ronalds-Hannon. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can … Read more
Mumbai’s $30 Billion Infrastructure Makeover: Coastal Road Project, MTHL, Metro Bloomberg Mumbai gets a makeover as India binges on bridges, roads and rail Reuters India No Bikes, Autos Allowed On India’s Longest Sea Bridge, Speed Limit Is… NDTV 22-km sea link: Gateway to a brave, new Mumbai Times of India Watch: This nighttime video of MTHL, India’s longest sea … Read more
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at what we learned from China’s latest economic data. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so … Read more
The Consumer Matters Most for the Global Economy in 2024 Bloomberg Source link
You don’t have to be a millionaire to buy a home, but earning six figures would help. The typical American household needs an annual income of $115,000 to afford the median priced home, which is $40,000 more than what the average household makes, according to Redfin chief economist Daryl Fairweather. “Even places that historically have … Read more
In August, shortly after the news broke that Country Garden Holdings Co. had hit a full-blown funding crisis, 38-year-old Huailan crept into the Shandong construction site where her new family home should have been all but finished. She ducked under the wire fence, climbed 18 flights of stairs to a nearby rooftop and took in … Read more
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at the fierce debate in economics over trade and immigration. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do … Read more
Global Economy Latest: Bloomberg Economics Expects a Recession Bloomberg Source link
China’s central bank unexpectedly lowered a key interest rate in a bid to invigorate an economy beset by a deepening property slump and lackluster consumer demand. Data this week showed home prices in China fell for a second month in July, while industrial production and retail sales disappointed. After cutting rates on Tuesday by the … Read more