Economy

UK economy under worst strain for seven years as car sales slump

 The global car industry has been hit by a decline in demand for diesel vehicles. Photograph: Matt Cardy/Getty Images The British economy is showing the greatest signs of strain for seven years amid a continued decline in car sales and as the service sector struggles to grow with Brexit looming. According to the latest snapshot from the beleaguered UK motor ... Read More »

Elizabeth Warren predicts U.S. downturn, says economy’s ‘warning lights are flashing’

Sen. Elizabeth Warren said Monday that “warning lights are flashing” for a serious economic downturn and urged Congress and federal regulators to quickly take steps to minimize the impact on working American families of a potential recession. Warren, a 2020 White House hopeful who as a Harvard University law professor was among the earliest to raise warnings before the 2008 financial crisis, ... Read More »

Gold prices under pressure as US economy shows strength

Last week, the entire commodity complex was hit hard after the Fed’s comments dashed hopes of interest rate cuts in the coming months which boosted the dollar to higher levels. Precious Metals closed this week in the red with Gold prices falling 1 percent and Silver prices ended with 2.3 percent losses. Base metals complex tracking global cues too ended ... Read More »

Economy expands for first time in five months, leading indicators show

The U.S. economy appears to have revved up a bit after a slow start to the year. The numbers: A survey of economic conditions in the U.S. rose in February for the first time in five months, perhaps a sign growth is poised to pick up a bit after a very slow start early in the year. The leading economic index increased ... Read More »

The last domino propping up the Australian economy could be poised to fall

I’d like to feel comfortable. I really would. But something keeps worrying me. It’s this next graph, which shows the number of job advertisements in Australia. Jobs data shows a worrying trend. Picture: SuppliedSource:Supplied This graphic comes from ANZ Bank. It has been tracking the number of job advertisements for years. By doing so they hope to see the future ... Read More »

Shoppers are propping up the economy. What if they stop spending?

1. Negative feedback loop: The American shopper — the MVP of the national, if not the global, economy — is suddenly showing signs of fatigue. Core retail sales plummeted 1.7% in December, the most in nearly two decades. Blame the December stock market chaos. Or the beginning of the government shutdown. Or even “glitches” in the data, as White House economic ... Read More »

Priority is to get economy back on track

PETALING JAYA: Suggestions are pouring in from stakeholders to the newly-formed Economic Action Council (EAC) on what can be done to get the country’s economic, financial affairs and welfare of the people on track. In welcoming the formation of the council, business communities and the public hope that their plight would be taken into consideration and addressed. In order to improve ... Read More »

After Kim Jong Un’s New Year Speech, Trump ‘Looks Forward’ To New Meeting

Kim Jong Un and Trump met in an unprecedented summit in Singapore in June. (File) Washington: President Donald Trump is looking forward to another summit with Kim Jong Un, he said Tuesday, after the North Korean leader warned Pyongyang could change its approach to nuclear talks if Washington persists with sanctions. “I also look forward to meeting with Chairman Kim who ... Read More »

US Economy Will Face “Sharp” Slowdown In 2020, Says IMF Chief Economist

IMF chief economist said the slowdown is going to be sharper probably in 2020 than in 2019 (File) Washington: Americans will begin feeling the effects next year of a marked slowing in world economic growth but should be spared a new recession, the chief economist of the International Monetary Fund said in remarks published Sunday. “We  have long been predicting somewhat ... Read More »

Cramer: Pick individual stocks with long-term growth stories in this ‘treacherous’ market

Cramer: Pick stocks with long-term growth stories   8 Hours Ago | 01:26 Between the mixed messages on U.S.-China trade and concerns about an economic slowdown, day-to-day stock-picking is becoming very challenging for the average investor, CNBC’s Jim Cramer acknowledged on Tuesday. “We’ve got to call a spade a spade. This market isn’t just volatile, it’s treacherous,” he said after yet ... Read More »