The Next Nvidia?
Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.
JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.
US growth likely slowed last quarter but still pointed to a solid economy
WASHINGTON (AP) — Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates.
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A healthy US economy's secret ingredient: Immigrant workers, eager to fill jobs
MIAMI (AP) — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car — and send money home to her parents.
Stock market today: Asia stocks are mostly lower after Wall St rebound led by Big Tech
HONG KONG (AP) — Asia stocks were mostly lower on Friday after gains for Big Tech shares helped U.S. stock indexes claw back much of their slide from the day before.
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JPMorgan's Dimon warns inflation, political polarization, wars creating risks not seen since WWII
NEW YORK (AP) — The nation’s most influential banker, JPMorgan Chase CEO , told investors Monday that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the and the , as well as U.S. political polarization, might be creating an environment that “may very well be creating risks that could eclipse anything since World War II.”
US and China plan talks on economies, including manufacturing ‘overcapacity’ issue, Yellen says
GUANGZHOU, China (AP) — The U.S. and China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China.
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Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.
Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
BANGKOK (AP) — Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday.
Who wouldn't like prices to start falling? Careful what you wish for, economists say
WASHINGTON (AP) — Many Americans are in a sour mood about the economy for one main reason: Prices feel too high.
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Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
BEIJING (AP) — China’s nationalist leader, Xi Jinping, called for closer trade ties with the U.S. during a meeting on Wednesday with top American business leaders in Beijing that came amid a steady improvement in relations that had sunk to the lowest level in years.
Here are the big hurdles to the global push to build up renewable energy
The world's governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December.
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Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.
Stock market today: Asian stocks gain ahead of US and Japan rate decisions
HONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve.
China's economy shows signs of improvement, but its property sector is still in the doldrums
HONG KONG (AP) — China's manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said Monday.
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Retail sales up 0.6% in February, bouncing back from decline to start the year
NEW YORK (AP) — Shoppers picked up their spending in February after a pullback the previous month, reflecting the mixed feelings Americans have in an economy where prices are up, but jobs are plentiful.
As Putin orchestrates his reelection, a resilient Russian economy is a key selling point
MOSCOW (AP) — Russians are finding a few imported staples, like fruit, coffee and olive oil, have shot way up in price. Most — or been reincarnated as Russian equivalents under new, Kremlin-friendly ownership. A lot more Chinese cars are zipping around the streets. Those who want a particular luxury cosmetic may be out of luck.
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Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.
US jobs report for February is likely to show that hiring remains solid but slower
WASHINGTON (AP) — The nation's economy likely produced another month of healthy hiring in February, once again brushing aside the effects of high interest rates with unexpected ease.
China's plans for 2024 prioritize technology, offer scant comfort for businesses and investors
BEIJING (AP) — China’s blueprint for its economy in 2024 is replete with goals and promises, but it’s also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for.
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China's manufacturing activity contracts for 5th straight month despite policy support
HONG KONG (AP) — Manufacturing in China contracted for a fifth consecutive month in February, according to an official survey of factory managers released Friday, reflecting persistent weakness in the economy ahead of annual legislative meetings where officials are expected to boost policy support.
Fewer banks are tightening lending standards, raising hopes for easier loan access ahead
NEW YORK (AP) — Fewer banks tightened lending standards as 2023 came to a close, a hopeful sign for businesses that broader loan access is on the horizon.
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Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
TOKYO (AP) — Asian shares mostly declined Monday, although Tokyo's benchmark Nikkei 225 index reached another record high.
What recession? Professional forecasters raise expectations for US economy in 2024
NEW YORK (AP) — This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
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Japan's Nikkei stock index breaks its 1989 record and surges to an all-time high
Japan’s benchmark Nikkei 225 index surged Thursday past the record it set in 1989 before its financial bubble burst, ushering in an era of faltering growth.
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
FRANKFURT, Germany (AP) — The German government said Europe's largest economy was in “troubled waters” and slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects — while a relatively modest set of tax breaks for business remains blocked in the legislature.
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Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season.
UK fell into recession at the end of 2023 as output shrank more than expected in the fourth quarter
LONDON (AP) — The British economy fell into recession at the end of 2023 for the first time since the onset of the coronavirus pandemic, as output shrank more than anticipated in the final three months of the year, official figures showed Thursday.
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Recession risks are fading, business economists say, but political tensions pose threat to economy
WASHINGTON (AP) — Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would likely result from an external shock – such as a conflict involving China – rather than from domestic economic factors such as higher interest rates.
Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?
WASHINGTON (AP) — From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.
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