US Manufacturing Sector Shows Signs of Meaningful Slowdown The US manufacturing sector experienced a significant downturn in December, according to data released by the Philadelphia Federal Reserve Bank on December 19th.The manufacturing index plummeted to -16.4, a stark contrast to November’s -5.5 and the lowest point in nearly two years. This dramatic drop signals a … Read more
US Current Account Deficit Soars to Record High Table of Contents US Current Account Deficit Soars to Record High Thomson Reuters Reinforces Commitment to ethical Journalism US Current Account Deficit: A Looming Threat? Understanding the Deficit’s Surge Potential Ramifications Finding a Solution The U.S. economy faces a significant challenge as the current account deficit skyrockets … Read more
Inflation Fears Grip US Bond Market as Fed Rate Cuts Slow Table of Contents Inflation Fears Grip US Bond Market as Fed Rate Cuts Slow Fed Rate Cut Outlook: Experts weigh In on 2024 and Beyond The Shadow of Tariffs Fed Holds Steady on Interest Rates Amid Economic Uncertainty Global Chip Shortage Continues to Squeeze … Read more
China‘s Bold Economic Gamble: A 4% Fiscal Deficit Target Table of Contents China’s Bold Economic Gamble: A 4% Fiscal Deficit Target Navigating Global Trade Uncertainties Global Chip Crisis Cripples US Auto Production Economic Ramifications for the US China’s Fiscal Gambit: Navigating Economic Headwinds with a Larger Deficit Setting the Stage for Growth: A Conversation with … Read more
Fed Meeting: Will Rate Hike clues Decide the Fate of US Stocks? Table of Contents Fed Meeting: Will Rate Hike clues Decide the Fate of US Stocks? US Stock Market Faces Headwinds Amidst Shifting Fed Expectations Thomson Reuters reinforces Commitment to Ethical Conduct Will the Fed’s Rate Hike clues Determine the Fate of US Stocks? … Read more
BEIJING – In a strategic move to bolster its position in the competitive electric vehicle (EV) market, Goyue, the joint venture between Chinese tech giant Baidu and automotive manufacturer Geely Automobile, announced on December 11th its intention to raise additional funds and streamline operations. The decision comes as the company faces increasing pressure from rivals … Read more
China‘s economic recovery appears to be faltering, as evidenced by the slowest consumer price growth in five months and a continued decline in producer prices. Data released by the national Bureau of Statistics on November 9th revealed a 0.2% year-on-year increase in the consumer price index (CPI) for November, down from 0.3% in October and … Read more
Hurricane Milton hit Florida on Wednesday, weakening to a Category 3 hurricane. reports Associated Press. © globallookpress.com The storm devastated the southern part of the state, especially in the Siesta Key area, located 70 miles south of Tampa, which was spared a direct hit. However, in the area of St. Local stadium Tropicana Range he … Read more
Transport ministers are negotiating the 49-euro ticket on Monday. New proposals are on the table, and not just for the future of the ticket. Robert Habeck (left) will meet the IG Metall union again on Monday to lift the automotive industry out of the crisis Photo: Fabian Bimmer/reuters Berlin taz | Before the meeting of … Read more
In Dresden, part of the city’s most important Elbe bridge has collapsed. Thousands of bridges across Germany need to be repaired. Parts of the Carola Bridge over the Elbe have collapsed; it was used by trams, cyclists and pedestrians. Photo: Matthias Rietschel/reuters The new symbol of the dilapidated state of infrastructure in Germany has a … Read more