I’m Enda Curran, senior economics reporter in Washington, and today we’re looking at the implications of US economic exceptionalism. 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 do so here. Plentiful jobs, confident consumers, sustained … Read more
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
Stock Market Today: Dow, S&P Live Updates for Jan 2 Bloomberg Source link
Argentina devalued the peso by 54% and announced a swath of spending cuts as the first steps of President Javier Milei’s shock-therapy program, moves welcomed by the International Monetary Fund. The newly inaugurated administration weakened the official exchange rate to 800 pesos per dollar, Economy Minister Luis Caputo said in a televised address after the … Read more
Recession looms for the euro area, with the latest batch of data showing momentum has evaporated. The economy contracted by 0.1% in the third quarter, most of the bloc’s economies are flatlining, and Germany, its biggest engine of growth, is shrinking. Even supposedly good news, such as slowing inflation, just illustrates how quickly the outlook … Read more
Pakistan’s key stock gauge rose to a six-year high on Friday amid optimism that the strengthening currency may help ease inflationary pressures. The KSE-100 Index rose 0.9% to 50,673.04, taking this month’s gain to almost 10% in the second-best performance among more than 90 global equity indexes tracked by Bloomberg. The gauge still trades at … Read more
Argentina Election 2023: Will the US Dollar Replace the Peso in … Bloomberg Source link
As Zambia and Ghana Make Progress on Debt, IMF Warns of More … Bloomberg Source link
Welcome to The Brink. It’s Giulia Morpurgo and Tasos Vossos in London, where we worked all weekend to report on Metro Bank’s rescue package. We also have news on China’s real estate giants Evergrande and Country Garden, US online car retailer Shift Tech and Israel’s bonds and CDS. Follow this link to subscribe. Send us … Read more
Gold-Backed Digital Currency Is Zimbabwe’s Way to Sway Love for … Bloomberg Source link