China’s Li Qiang will become the first premier in three decades to not hold a press briefing at the annual parliamentary meetings, removing a rare platform for investors to learn more about the nation’s policy direction as President Xi Jinping consolidates control over the world’s second-largest economy. The country’s No. 2 official won’t take questions … Read more
The stock market extended this week’s gains amid a rally in big tech and as a solid jobs report bolstered the outlook for corporate profits. Bonds fell. The equity market continued to show resilience near its all-time highs, with the S&P 500 topping 4,900. The tech-heavy Nasdaq 100 climbed 1% thanks to bullish outlooks from … 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
US GDP Latest: How Much Did the Economy Grow Last Year? Bloomberg Source link
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the upcoming US employment report. 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. While … Read more
A rally in megacaps spurred a rebound in stocks on speculation the artificial-intelligence boom will keep fueling market gains. Traders brushed off any jitters surrounding Friday’s US jobs report to reignite the trade that’s driven the Nasdaq 100 up over 45% this year. Optimism around AI resurfaced, with Alphabet Inc.Bloomberg Terminal up almost 5.5% a … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller looks at some signals for what’s next for the economy. Sign up here and follow us at @bpolitics. Email our editors here. For much of the past two years, the Federal Reserve and the … Read more
US consumer spending, inflation and the labor market all cooled in recent weeks, adding to evidence that the economy is slowing. Inflation-adjusted personal spending rose 0.2% last month after a downwardly revised 0.3% advance in September, according to the Bureau of Economic Analysis. Separate data Thursday showed recurring applications for unemployment benefits rose to the … Read more
Stock Market Today: Dow, S&P Live Updates for November 29 Bloomberg Source link
The long-anticipated US recession may still be lurking out there, somewhere. But for now, the economy is barreling toward 2024 in better shape than even optimists had expected only six months ago. Growth in the third quarter blew past expectations, jobs remain plentiful, consumers are still spending, and house prices have held firm. Signals from … Read more