Economy

IMF to Cut Global Growth Outlook Further as Gloom Gathers - Report

According to Ceyla Pazarbasioglu, the IMF's director for strategy, policy and review, the global economy is going through a wave of setbacks.

Jul 17, 2022

By Jacob J

Woman sentenced to 5 years in prison for killing autistic son

US Home Prices to Undergo Correction as Rising Rates Set to Kill Affordability

US home prices have been inching up ever since the Federal Reserve started tightening monetary policy.

Jul 4, 2022

By Jacob J

US Stocks Suffer the Worst Half-Yearly Losses in 50 Years as Recession Fears Loom

In the last six months, the benchmark S&P 500 stock market index lost 20.6 percent, which is the steepest half-yearly loss for the US stocks since 1970.

Jul 1, 2022

By Jacob J

US Economy Contracted More Than Expected in First Quarter, Data Shows

The world's largest economy shrank at an annual rate of 1.6 percent in the first quarter.

Jun 30, 2022

By Jacob J

Illustration photo of a Singapore dollar note

Singapore Headline Inflation Rises to 5.6%, MAS Says External Inflationary Pressures Remain Strong

Releasing the data, the MAS and the MTI said external inflationary pressures remained strong owing to geopolitical tensions.

Jun 23, 2022

By Jacob J

Economist Nouriel Roubini Says US Will Slip Into Recession by the End of the Year

Roubini says consumer confidence is dipping even as sectors like retail sales, manufacturing and housing are slowing down.

Jun 21, 2022

By Jacob J

Elon musk

How Russia Hurts the US Economy: Biden Mired in Stagflation Threat as Russia's Oil and Gas Revenue Soars

According to Bloomberg,Russia's oil and gas revenues will hit $285 billion in 2022, which is a whopping 20 percent higher than last year's revenue.

Jun 20, 2022

By Jacob J

US Central Bank Hikes Interest Rates by 75 Basis Points, Biggest Increase in 25 Years

Along with the monetary tightening, the Federal Reserve also lowered the US economic outlook for the year.

Jun 16, 2022

By Jacob J

World Bank Raises Stagflation Risk, Says Many Countries Will Slip Into Recession

The World Bank slashed its forecast for global growth this year to 2.9 percent, which is remarkably lower than the 4.1 percent forecast in January.

Jun 8, 2022

By Jacob J

More than 60% of Americans Believe Biden's Handling of Economy Hurt Them

According to Reuters, Biden's approval rating has been below 50 percent for more than six months.

Jun 5, 2022

By Jacob J

US economy expands 1.4% in fourth quarter; corporate profits fall

JPMorgan's Dimon Warns of Economic Hurricane as Fed Beige Book Alerts Big Downshift

Meanwhile, according to a Labor Department report, US job openings dropped in April from a record in March.

Jun 2, 2022

By Jacob J

Goldman Sachs Chairman Says US Runs Very High Risk of Slipping Into Recession

Blankfein's grim comment came even as the US Federal Reserve continues to raise interest rates to control rising inflation.

May 16, 2022

By Jacob J

Federal Reserve Raises Interest Rates by 0.5%, Sharpest Hike in 22 Years

The Federal Open Market Committee, the Fed's policy-making body, decided to raise the target range for the federal funds rate to 0.75 to 1 percent.

May 5, 2022

By IANS

Tesla Reports $3 Billion Profit in Q1; Shares Surge as EV-Maker Plans to Boost Output in 2022

The electric vehicle and solar panel company reported $18.7 billion in revenues in the first quarter.

Apr 21, 2022

By Medha Bhagwat

Elon musk

There is 35% Chance the US Economy Will Slip Into Recession - Goldman Sachs

Emerging from the slack built up over the last two years due to the coronavirus pandemic, the Federal Reserve has no way but to tighten the monetary policy.

Apr 18, 2022

By IBTimes APAC Desk

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BLOGS AND FEATURES

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

By IBTimes SG Desk

Previous 1 of Next

Economy

IMF to Cut Global Growth Outlook Further as Gloom Gathers - Report

US Home Prices to Undergo Correction as Rising Rates Set to Kill Affordability

US Stocks Suffer the Worst Half-Yearly Losses in 50 Years as Recession Fears Loom

US Economy Contracted More Than Expected in First Quarter, Data Shows

Singapore Headline Inflation Rises to 5.6%, MAS Says External Inflationary Pressures Remain Strong

Economist Nouriel Roubini Says US Will Slip Into Recession by the End of the Year

How Russia Hurts the US Economy: Biden Mired in Stagflation Threat as Russia's Oil and Gas Revenue Soars

US Central Bank Hikes Interest Rates by 75 Basis Points, Biggest Increase in 25 Years

World Bank Raises Stagflation Risk, Says Many Countries Will Slip Into Recession

More than 60% of Americans Believe Biden's Handling of Economy Hurt Them

JPMorgan's Dimon Warns of Economic Hurricane as Fed Beige Book Alerts Big Downshift

Goldman Sachs Chairman Says US Runs Very High Risk of Slipping Into Recession

Federal Reserve Raises Interest Rates by 0.5%, Sharpest Hike in 22 Years

Tesla Reports $3 Billion Profit in Q1; Shares Surge as EV-Maker Plans to Boost Output in 2022

There is 35% Chance the US Economy Will Slip Into Recession - Goldman Sachs

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%