Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the Federal Reserve’s efforts Continue Reading
Prices continued to climb at a brutally rapid pace in September, with a key inflation index increasing at the fastest pace in 40 years, bad news for the Federal Reserve Continue Reading
The U.S. services industry slowed modestly in September while employment surged and a measure of prices paid by businesses for inputs fell to more than a 1-1/2-year low, suggesting underlying Continue Reading
Manufacturing growth in the United States slowed in September to its lowest rate since the pandemic recovery started Global maritime trade growth is slowing in a sign that the global Continue Reading
U.S. job openings fell by the most in nearly 2-1/2 years in August, suggesting that the labor market was starting to cool as the economy grapples with higher interest rates Continue Reading
U.S. stocks fell Friday, closing out a losing week, month and quarter as investors wrestled with more signs of persistently high inflation. Major indexes have sustained deep losses this year Continue Reading
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy Continue Reading
SINGAPORE/LONDON, Sept 28 (Reuters) – Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower Continue Reading
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could Continue Reading
The Organization for Economic Cooperation and Development (OECD) says Russia’s war in Ukraine, now in its eighth month, will have a greater impact on the global economy than previously expected. Continue Reading
Prices are listed at a gas station in Rome earlier this year. Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of Continue Reading
Things may appear better in China than they are, at least as far as the country’s metals and minerals markets are concerned. However, China still remains the go-to destination for Continue Reading
The global economy outside the U.S. is stuttering, knocked off course by soaring inflation, an energy crisis and now Russia’s nuclear war threats . Business surveys published on Friday indicate Continue Reading
The recent downturn for copper prices only stands to worsen a coming deficit as the slump discourages new investments for the metal used in EVs and power grids. Molten copper Continue Reading
Highlights Port of Long Beach volumes edge higher against Los Angeles Asia-USWC freight rates down 19% on week USEC volumes remain strong while ports grapple with vessel backups US West Continue Reading
The U.S. Bureau of Labor Statistics has released a report showing the second consecutive monthly drop in producer prices, prompted by steadily declining gasoline prices. The Producer Price Index (PPI) Continue Reading
The Inflation Reduction Act’s name may become a misnomer. The Inflation Reduction Act’s (IRA) name may become a misnomer if investment surges while supply chains remain constrained – fueling inflation. Continue Reading
Investors sold petroleum last week with the fastest sales concentrated in middle distillates as the economic outlook on both sides of the Atlantic deteriorated. Hedge funds and other money managers Continue Reading
U.S. consumer-price inflation showed signs of moderating in August for the second straight month, though the decrease was uneven across sectors and it remains unclear whether the slowdown will continue. Continue Reading
Russia’s invasion of Ukraine and the continuing effects of the pandemic have hobbled countries around the globe, but the relentless series of crises has hit Europe the hardest, causing the Continue Reading
Texas manufacturing growth in August dropped to its lowest level since May 2020 and the retail sales index stayed negative for the sixth consecutive month, also similar to the pandemic Continue Reading
Brian Bethune, an economist at Boston College, said that the economy paused in the first half of 2022, but the solid labor market means it didn’t dip into a recession. Continue Reading
Second-quarter GDP contraction revised to 0.6% from 0.9% Gross domestic income rises at 1.4% rate in Q2 Average of GDP and GDI climbs at 0.4% pace Weekly jobless claims drop Continue Reading
Business activity in the U.S., Europe and Japan fell in August, according to new surveys, pointing to a sharp slowdown in global economic growth as higher prices weaken consumer demand Continue Reading
Russia’s economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western Continue Reading
Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in Continue Reading
The stock market has notched the year’s best stretch of gains, as investors take comfort from early signals that inflation is slowing and the economy is holding up. The S&P Continue Reading
The Russian economy contracted steeply in the second quarter as the country felt the brunt of the economic consequences of its war in Ukraine, in what experts believe to be Continue Reading
U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and underlying producer inflation appears to be on a downward trend, while jobless claims Continue Reading
President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on track for one of the longest downturns Continue Reading
U.S. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for weary Americans who have watched Continue Reading
The Inflation Reduction Act (IRA) includes more than $170 billion of tax credits for the electric industry, designed to encourage the shift from carbon-intensive fuels. An analysis carried out in Continue Reading
The U.S. Consumer Price Index (CPI) saw no real change in July, suggesting that inflation is easing as a result of falling gasoline prices, according to the latest data from Continue Reading
While politicians and economists might debate exactly what constitutes a recession, the reality of an economic slowdown is impossible to ignore. The most recent signal that Europe may soon face Continue Reading
The U.S. economy has now recouped the 22 million jobs lost early in the pandemic, adding 528,000 positions in July as employers clamored for workers despite a slowdown in economic Continue Reading
U.S. companies are reporting mostly upbeat news this earnings season, surprising investors who had been bracing for a gloomier outlook on both businesses and the economy. More than halfway into Continue Reading
Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… The price of energy has Continue Reading
Shoppers inside a grocery store in San Francisco, California.Photographer: David Paul Morris/Bloomberg The official arbiters of US recessions look at six monthly indicators in determining whether the nation is indeed Continue Reading
U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to Continue Reading
A job fair in Albuquerque, N.M. Job hopping for higher wages has put pressure on companies as they compete for talent. The U.S. economy is enduring a rocky transition from Continue Reading
US Economy Shrinks for Second Straight Quarter The drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Continue Reading
The US Senate passed the CHIPS bill with a 64-33 vote July 27, representing a significant step forward for the legislation that includes $52 billion in funding to boost domestic Continue Reading
The world could soon be on the brink of a global recession as the economies of the United States, China and Europe slow more sharply than anticipated amid a collision Continue Reading
The US economy may have eked out modest growth in the second quarter to skirt a so-called technical recession, yet at a pace tepid enough to feed concerns of an Continue Reading
Eurozone business activity has gone into reverse for the first time since February 2021 after companies were hit by falling orders and rising prices, fuelling economists’ expectations of a recession Continue Reading
European Union leaders are bracing for the shock of Russia turning off the gas taps and Brussels has given member states a 15% voluntary demand reduction target to prepare for Continue Reading
As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread Continue Reading
Gazprom Declares Force Majeure on European Gas Buyers A halt of Russian gas supplies to the European Union could potentially reduce its gross domestic product by as much as 1.5% Continue Reading
U.S. stocks rebounded Friday, capping a volatile week during which investors responded to a flurry of corporate-earnings reports and economic indicators. The news offered at-times conflicting narratives on the nation’s Continue Reading
The euro has been on a steady decline this year. The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war Continue Reading
