Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The…
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…
Biden hails hot GDP report, but voters don’t see the rosy picture Wall Street does
WASHINGTON — The U.S. GDP grew at 5% last quarter, better than expected, and President Joe Biden said it was evidence…
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…
