Goldman Sachs Lowers U.S. Recession Odds to 15% Following
WEB1 day ago · Goldman Sachs has r educed the probability of a U.S. recession within the next 12 months to 15%, down from 20%, after the September employment data showed robust growth. The Labor Department ...
latest Economy news, data and analysis - EconoTimes
WEB3 days ago · Oil Prices Surge Amid Heightened Middle East Conflict. Sep 30, 2024 09:12 am UTC | Economy. Brent crude futures for November delivery climbed $1.12, or 1.56%, to $93.10 per barrel by 0611 GMT. The ...
U.S. Inflation, Fed Meeting, Earnings Season, and Oil ... - EconoTimes
WEB1 day ago · U.S. September Inflation Data in Focus Thursdays Consumer Price Index (CPI) release is expected to show that inflation moderated at the end of Q3, following a stronger-than-expected jobs report ...
Rio Tinto Explores Potential $6 Billion Acquisition of ... - EconoTimes
WEB1 day ago · Rio Tinto Considers Buying Arcadium Lithium Amid Price Drop Global mining giant Rio Tinto has confirmed discussions to acquire lithium producer Arcadium Lithium, aiming to enhance its presence in ...
Federal Reserve Rate Cut Expected to Downshift, But Larger
WEB5 days ago · Thursday, October 3, 2024 4:15 AM UTC. During its remaining policy meetings this year, the Federal Reserve is expected to downshift to smaller interest rate cuts. However, a sharp downturn in the ...
Fed to Maintain Gradual Rate Cuts Amid Economic Strength, …
WEB6 days ago · Federal Reserve Chair Jerome Powell confirmed that the central bank will continue with gradual quarter-percentage-point rate cuts, following the recent economic improvements.
Asia’s Factory Activity Slows Amid Global Uncertainty
WEB6 days ago · Asias factory activity weakened in September as Chinese demand faltered and global economic uncertainty persisted. Private surveys reveal that manufacturing across the region faces headwinds ...
Fed's Powell Signals More Rate Cuts, Emphasizes Data
WEBTuesday, October 1, 2024 3:19 AM UTC. Federal Reserve Chairman Jerome Powell signaled Monday that the Federal Reserve may continue adjusting interest rates toward a more neutral level but ...
U.S. Invests $3 Billion to Boost Domestic EV Battery ... - EconoTimes
WEBSep 21, 2024 · The U.S. Department of Energy is allocating $3 billion to 25 projects across 14 states to enhance domestic electric vehicle battery production. This move aims to shift production away from China ...
China’s $25 Billion Chipmaking Investment in H1 2024
WEBSep 3, 2024 · China's relentless drive to bolster its chipmaking capabilities saw a record $25 billion spent on equipment in the first half of 2024, eclipsing the combined expenditures of the U.S., South Korea ...