Economic News

By Geoffrey Smith Investing.com --The war between retail traders on Reddit and Wall Street short-sellers continues, with GameStop set to double again at the opening. Jerome Powell...

(Bloomberg) -- After years of failed efforts to boost the birth rate, South Korea’s government now says it will focus some of its energy on learning to live with population...

(Bloomberg) -- President Joe Biden is set to order fresh action to combat climate change -- with plans for blocking new oil leasing on federal land, prioritizing science in...

(Bloomberg) -- Treasury Secretary Janet Yellen highlighted the past coordination between her new department and her previous fiefdom, the Federal Reserve, as she sought to rally...

(Bloomberg) -- The U.S. must take “aggressive” steps to combat China’s “unfair” trade practices while also investing in American manufacturing to return production to the country,...

(Bloomberg) -- The International Monetary Fund raised its forecast for global growth this year, betting the rollout of coronavirus vaccines and more fiscal stimulus will offset the...

By Geoffrey Smith  Investing.com -- The stock market pauses for breath after an explosive tug of war between retail investors and professional short-sellers. There are earnings...

(Bloomberg) -- Federal Reserve Chair Jerome Powell heads into what could be his last year atop the central bank determined not to repeat the mistake he made when he was a neophyte...

By Geoffrey Smith Investing.com --It’s a year since China confirmed its first deaths from the Covid-19. While the consensus is that the worst is now behind us, it’s becoming clear...

(Bloomberg) -- The end of 2020 brought the sharpest rise in the U.S. poverty rate since the 1960s, according to a study released Monday. Economists Bruce Meyer, from the University...

(The following statement was released by the rating agency)Fitch Ratings-Dubai-25 January 2021: The Islamic finance industry in Nigeriaremains nascent and in its early stages of...

(Bloomberg) -- The U.S. signaled it’s not yet ready to engage in a debate over how to revive the World Trade Organization’s dispute resolution system, which has been hobbled since...

(Bloomberg) -- The world economy won’t be able to fully repair last year’s damage to employment in 2021 after the Covid-19 pandemic wiped out the equivalent of 255 million jobs,...

By Geoffrey Smith  Investing.com -- California is set to lift its stay-at-home order, while national infection rates and hospital admissions hit their lowest in weeks. Donald...

(Bloomberg) -- Corners of the U.S. equity universe are showing signs of froth, but that shouldn’t put the broader market at risk, according to Goldman Sachs Group Inc...

By Noreen Burke Investing.com -- Investors will have lots to focus on in the week ahead with a bevy of major U.S. companies including Apple, Microsoft, Facebook, and Tesla all...

By Geoffrey Smith  Investing.com -- News flow from the pandemic took a turn for the worse, as President Joe Biden warned of another 100,000 deaths within the next month, while...

(Bloomberg) -- Australia’s trade fight with China cost it about $3 billion in commodities sales last year, and that relatively small impact suggests there’s little economic need...

(Bloomberg) -- The first transition bonds in Asia sold in line with major new international guidelines have outperformed the broader credit market since they were issued earlier...

(Bloomberg) -- The U.K.’s third coronavirus lockdown looks set to endure as the government warned it’s too early to contemplate easing restrictions. Prime Minister Boris Johnson...

(Bloomberg) -- President Joe Biden’s top economic adviser, Brian Deese, plans to meet with a bipartisan group of lawmakers in coming days in an appeal for the administration’s $1.9...

Investing.com - Watch the webcast live from Frankfurt, as European Central Bank President Christine Lagarde explains the Governing Council's monetary policy decisions taken today...

By Geoffrey Smith  Investing.com -- Joe Biden takes the U.S. back into the Paris Climate Agreement and the World Health Organization; weekly jobless claims and monthly housing...

(Bloomberg) -- Every new sign that U.S. financial markets finally see some inflation in the pipeline is another piece of good news for the Federal Reserve.Bond-market indicators of...

(Bloomberg) -- Norway’s central bank said it still expects to be ready to start raising interest rates as soon as next year, which is earlier than most of its peers. Norges Bank,...

(Bloomberg) -- The Bank of Japan stood pat on its massive easing program while taking a gloomier view of the current state of the economy amid rising virus cases and a widening...

(Bloomberg) -- European Central Bank officials will confront a frustrating outlook when they hold their first policy meeting of the year on Thursday, as stricter lockdowns and a...

By Geoffrey Smith  Investing.com -- Joe Biden will be sworn in as President, a day after the death toll from Covid-19 hits 400,000. Netflix stock is set to soar after a stellar...

(Bloomberg) -- Janet Yellen’s nomination for Treasury secretary could be approved by the Senate as soon as Thursday, senators indicated during her confirmation hearing. Ron Wyden,...

By Geoffrey Smith  Investing.com -- Janet Yellen, Treasury Secretary designate, has her confirmation hearing in the Senate. Goldman Sachs (NYSE:GS) and Netflix (NASDAQ:NFLX) report...

(Bloomberg) -- China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to align more...

(Bloomberg) -- China’s $1 trillion sovereign wealth fund is restructuring how its decides on international investments as it tries to boost efficiency and make better progress on a...

By Geoffrey Smith  Investing.com -- China’s economy grew faster than expected in the fourth quarter, allowing it to post growth of 2.3% for the whole of 2020. Joe Biden plans to...

(Bloomberg) -- Price growth in Europe’s largest economy is likely to be “clearly positive” this month for the first time in half a year, according to the Bundesbank. After the...

(Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other...