Category: Economy
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Video: Where to camp out in a cyclical slowdown and what AI will do to the economy
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I spoke with Andy Bell at BNNBloomberg yesterday for a wide-ranging interview about the state of global markets and what will happen in a cyclical downturn. I also touched on the disruption caused by artificial intelligence and why central bankers are wrong about inflation. Some highlights: Canadian Dollar and Interest…
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Fed’ Goolsbee: I see some warning signs the real economy is weakening
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Chance of ‘Roaring ’20s’ outcome for US economy growing By Investing.com
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Despite the slowdown in the US economy, UBS believes that the chance of a ‘Roaring Twenties’ outcome is already increasing. “The hype is getting a little louder,” the bank says, with longer-term trends still in line with their criteria for such a prosperous decade. These criteria include real GDP growth…
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Sheinbaum Picks Ebrard as Economy Chief, Sparking Peso Rally
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Breadcrumb links BMN Business Mexican President-elect Claudia Sheinbaum appointed former Foreign Minister Marcelo Ebrard to lead the country’s economy ministry, a move that eased pressure on the peso as traders welcomed a choice seen as more market-friendly than potential alternatives. Article writer: Bloomberg News Maya Averbuch and Michael O’Boyle Posted…
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New Petrobras CEO says president wants firm to boost national economy By Reuters
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RIO DE JANEIRO (Reuters) – Madja Chambrillard, CEO of Brazilian oil giant Petrobras, said the country’s president has asked her to work to boost the country’s economy while maintaining the oil company’s profitability. Chamberillard, who took over as the state-run company’s top CEO after President Luiz Inacio Lula da Silva…
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Lightning Is the Common Language of the Bitcoin Economy
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One of the best parts about running Breez is the diverse group of people I get to meet and work with. We have partners from Jamaicathe United States of America, Switzerland, Germany, Canada, EstoniaAnd who knows where else. We have users in Finland, Wales, Namibia, IndiaAnd almost everywhere else. The…
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Lightning Is the Common Language of the Bitcoin Economy
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One of the best parts about running Breez is the diverse group of people I get to meet and work with. We have partners from Jamaicathe United States of America, Switzerland, Germany, Canada, EstoniaAnd who knows where else. We have users in Finland, Wales, Namibia, IndiaAnd almost everywhere else. The…
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‘Bridgerton Effect’ Adds £275 Million to UK Economy, Says Netflix
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Since its debut, the Bridgerton series has not only captivated audiences around the world, but also provided a major boost to the UK economy. Netflix reports that “Bridgerton Universe,” produced by Shondaland, has pumped £275 million into the UK economy over the past five years. To highlight the franchise’s financial…
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Business Confidence Soars to Decade-High as Economy Stabilises Under Sunak
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Business confidence in the UK has risen to its highest level in nearly a decade, according to the latest figures from Lloyds Bank’s Business Barometer Index. The Conservative government is expected to highlight this increase in confidence, the highest since November 2015, as evidence of economic momentum under Prime Minister…
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Kenya economy edges up to 5.6pc in 2023
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The recovery in the agricultural sector raised economic growth last year to 5.6 percent from 4.9 percent in 2022. The Kenya National Bureau of Statistics (KNBS) released the 2024 Economic Survey on Monday, detailing how different sectors and the labor market are performing. Sector performance The agricultural sector recovered from…
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Kenya economy edges up to 5.6pc in 2023
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The recovery in the agricultural sector raised economic growth last year to 5.6 percent from 4.9 percent in 2022. The Kenya National Bureau of Statistics (KNBS) released the 2024 Economic Survey on Monday, detailing how different sectors and the labor market are performing. Sector performance The agricultural sector recovered from…
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Taylor Swift could boost Europe’s economy more than America’s
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The American pop icon filled an empty space that the world never knew existed with her soulful music. Although her songs are poignant, Swift is also an economic force. Her Eras tour, which launched last year in the wake of the global pandemic, has broken records Highest-grossing round in history.…
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Cash? Never Heard of Her: The Rise of the Instant Economy
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The satisfying heft of a cash bill fades into the background noise of our increasingly digital lives. A recent study conducted by the Federal Reserve It paints a clear picture: The era of instant gratification has reached our wallets. Businesses and consumers alike are abandoning traditional payment methods in favor…
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Australian Economy Added 38.5K Jobs in April, But Jobless Rate Ticked Higher
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Australia’s employment change figures for April beat estimates, showing a 38.5k increase in employment versus an expected increase of 22.4k. This also represents a strong rebound compared to the previous 5.9K decline in employment. However, the unemployment rate rose from a negatively adjusted 3.9% to 4.1% instead of holding steady,…
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U.K. Economy Shed Fewer Than Expected Jobs in April, Wages Beat Estimates
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The latest UK employment report was mostly better than expected, with the economy losing just 8.9K jobs in April versus an estimated decline of 13.9K jobs. In addition, previous readings enjoyed notable improvements, reflecting flexibility in the labor market and strong wage inflation. Change in the number of claimants in…
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UK Economy Surges Ahead as GDP Growth Outpaces Expectations
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The UK economy is poised for accelerated growth this year, with analysts revising their GDP forecasts upwards following a strong first-quarter performance that saw GDP expand by 0.6%, representing the fastest growth in nearly three years. Investment banks and advisory firms in the city responded positively to the data, indicating…
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Cuba accuses online news site of US-backed plot to sabotage economy By Reuters
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HAVANA (Reuters) – The Cuban government and independent news site El Toque traded blows this week after state-run media accused the site of manipulating the black market currency exchange rate to impoverish Cubans and spark unrest on the Caribbean island. El Toque (eltoque.com) has angered the administration of Cuban President…
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Cuba accuses online news site of US-backed plot to sabotage economy By Reuters
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HAVANA (Reuters) – The Cuban government and independent news site El Toque traded blows this week after state-run media accused the site of manipulating the black market currency exchange rate to impoverish Cubans and spark unrest on the Caribbean island. El Toque (eltoque.com) has angered the administration of Cuban President…
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Mexico peso to navigate between firm economy and political doubts: Reuters poll By Reuters
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Written by Gabriel Borin BUENOS AIRES (Reuters) – A Reuters poll of foreign exchange experts showed that the Mexican peso is set to navigate between a relatively strong economy on the one hand and some political uncertainties on the other, with a slight decline in the value of the currency…
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Fed’s Goolsbee: Jobs reports like this will give us confidence the economy not overheating
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The more jobs reports you get this way, the more confident we are that the economy isn’t overheating A bump in inflation hit at the beginning of the year The more we see jobs reports that look like pre-Covid, the more confidence there will be that the economy is not…