Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings
Alphabet’s earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping…
European Central Bank holds interest rates steady after 10 consecutive hikes
The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from…
U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of…
U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia
Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment,…
The economy probably showed gangbuster growth in the third quarter. But will it last?
The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead…
Peace talks in the Middle East will take time to resume, World Bank chief says
The president of the World Bank on Tuesday said that it will be some time before progress toward a more…
IMF chief says Israel-Hamas war is a new cloud on the world’s economic horizon
The head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon…
Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts
JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly…
U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S.…
Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024.…
