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 US labor market strengthened in November with pickups in employment and wages, deflating hopes the Federal Reserve will cut interest rates early next year. The acceleration in payrolls is at odds with recent reports that have depicted a softer hiring pace, an outcome favored by the Fed as it will help rein in demand … Read more
For most of us, weight loss is a positive. For an economy, not so much. New analysis showing that China’s global heft has declined for the first time since 1994 illustrates why its chances of overtaking the US economy are increasingly in doubt. While the International Monetary Fund and others regularly cite China as the … Read more
The Consumer Matters Most for the Global Economy in 2024 Bloomberg Source link
More insurance companies opt to exit California market | Insurance Business America Insurance News More insurance companies opt to exit California market Announcement comes amid planned reforms Insurance News By Mika Pangilinan California has yet to stem the tide of companies exiting its embattled insurance market as four Kemper Corp. subsidiaries recently revealed plans to … 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
Economic growth in China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the … Read more
Why Hasn’t the Gold Price Fallen Further? Bloomberg Source link
I’m Rich Miller, an enterprise writer on the economy in Washington, and today we’re looking at the impact of rising US yields. 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
The tide is turning for Hong Kong’s tycoon families. All of a sudden, the younger generation has to work a lot harder to convince banks and investors that their money is safe, and their pet projects are savvy. Among them, Adrian Cheng, a Harvard-educated third-generation heir, and Richard Li, “superman” Li Ka-shing’s second son, are … Read more