Economy

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 »

GST design could have been much better, says Ex-CEA Arvind Subramanian

Former Chief Economic Adviser Arvind Surbramanian (Photo: Reuters) Former Chief Economic Adviser (CEA) Arvind Subramanian on Sunday (December 10) said both demonetisation and implementation of Goods and Services Tax (GST) led to moderation of the Indian Economy. He also spoke on a wide range of economic challenges emerging from India’s farm and banking sector, fearing that further disruptions could trigger ... Read More »

Facebook increases stock buyback program by $9 billion

Mark Zuckerberg, chief executive officer of Facebook, Dan Rose, vice president, partnerships at Facebook, and Sheryl Sandberg, chief operating officer of Facebook, attend the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho. Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the Securities and Exchange Commission. ... Read More »

US is well on its way to Trump’s goal of ‘energy dominance,’ says Marathon Petroleum CEO

President Donald Trump’s goal of making the United States a global superpower in energy is starting to come true, Marathon Petroleum Corp. Chairman and CEO Gary Heminger told CNBC on Tuesday. “When I look at the president’s theme to begin with and the beginning of his administration, he wanted to have energy dominance in the U.S. and I believe that ... Read More »