Global Economy Latest: US and China Battle for Top Economy

Global Economy Latest: US and China Battle for Top Economy

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the remarkable growth in US GDP. 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 here. … Read more

US economy sees remarkable growth in fourth quarter than expected

US economy sees remarkable growth in fourth quarter than expected

The US economy remained startlingly sound in the fourth quarter to finish out a remarkably great 2023 as individuals and businesses continued to spend freely despite high interest rates and price levels that have annoyed many households. Shoppers and pedestrians on Broadway in the Soho neighborhood of New York, US, on Monday, Jan. 22, 2024. … Read more

US GDP Data Will Showcase Consumer Set to Power Economy in 2024

US GDP Data Will Showcase Consumer Set to Power Economy in 2024

Forecasters who follow the US economy found themselves in a familiar place after a recent retail sales report: revising up their estimates for GDP. Quarterly data on gross domestic product due Thursday from the Bureau of Economic Analysis is expected to show the economy expanded at a 2% annual rate in the final three months … Read more

Stock Market Today: Dow, S&P Live Updates for January 18

Stock Market Today: Dow, S&P Live Updates for January 18

A rally in some of the world’s largest technology companies fueled a rebound in stocks, with traders also weighing the latest economic data and Fedspeak for clues on the US central bank’s next steps. After a back-to-back slide, the S&P 500 bounced back as volatility in the bond market abated. The megacap space, which bore … Read more

Kishida Suffers Fresh Blow as LDP Arrest Deepens Scandal

Kishida Suffers Fresh Blow as LDP Arrest Deepens Scandal

Prime Minister Fumio Kishida suffered another blow in Japan’s widest-ranging political scandal in decades with the arrest of a ruling party lawmaker on Sunday. Kishida told reporters Sunday that he was aware of the detention of Yoshitaka Ikeda, a member of the Liberal Democratic Party’s biggest faction, and called it “very regrettable, and we take … Read more

Stock Market Today: Dow, S&P Live Updates for January 4

Stock Market Today: Dow, S&P Live Updates for January 4

The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more

US Economy: 2024 Will Mark the End of the Post-Pandemic Era

US Economy: 2024 Will Mark the End of the Post-Pandemic Era

Economists did not believe it was possible, but they’ve been wrong a lot lately, and in their defense it has only ever happened once (or maybe twice) before: We may be witnessing that rare achievement known as a soft landing. The US Federal Reserve’s latest forecast expects the inflation rate to slide back down to … Read more