Bessent says high US interest rates may have caused housing recession
Item 1 of 2 A “For Sale” sign stands in front of a house, on the North Shore…
Canada’s GDP contracts in August, might avoid a recession in third quarter
August GDP drops by 0.3%, September growth likely to be 0.1% Both services and goods sectors contracted, StatsCan…
China factory activity stumbles as export orders dry up
China’s manufacturing PMI remains below growth threshold at 49.0 Non-manufacturing PMI rises to 50.1 from 50.0 in September…
Germany’s economy stagnates in third quarter as exports fall
Germany’s GDP stagnates in Q3 amid declining exports Chancellor Merz’s fiscal measures face delays Employment growth remains weak,…
BOJ chief signals chance of rate hike soon, says wage momentum key
Item 1 of 2 Bank of Japan Governor Kazuo Ueda attends a press conference after a BOJ policy…
US pending home sales flat in September; job market worries likely dissuading buyers
Pending home sales unchanged in September Softening labor market, economic uncertainty sidelining prospective home buyers Government shutdown delaying…
China’s factory activity expected to fall as demand dwindles: Reuters poll
BEIJING, Oct 29 (Reuters) – China’s factory activity likely shrank for a seventh month in October, underscoring the…
Asia stocks rise on AI optimism, investors gird for Fed, tech earnings
Asia shares upbeat; eyes on earnings from tech giants Microsoft, Alphabet, Meta report after the bell 25bp Fed…
Japan’s new economy minister says weak yen has benefits to growth
Weak yen could weigh on households’ purchasing power Weak yen boosts exporters’ profits, domestic investment Pain from weak…
China expected to adopt more supportive fiscal and monetary policy, PBOC adviser says
SHANGHAI, Oct 25 (Reuters) – China is expected to adopt more supportive monetary and fiscal policies to bolster…
White House says October inflation data unlikely to be released next month
Government shutdown halts inflation data collection Economists worry about impact on economic surveillance Bureau of Labor Statistics unlikely…
US firms grapple with economic divide as lower income struggles mount
Companies catering to low-income consumers face sales, profit challenges Credit markets shaken by bankruptcies of lenders to low-income…