GDP

Wall Street ends choppy session higher with focus firmly on Fed

Register now for FREE unlimited access to Reuters.com Register All eyes on Fed policy decision on Wednesday Traders price in small chance of 100 bps rate hike Take Two’s GTA VI gameplay footage leaked online Knowbe4 jumps on take-private offer Indexes up: Dow 0.64%, S&P 0.69%, Nasdaq 0.76% Sept 19 (Reuters) – Wall Street’s main …

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Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where …

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Europe heading for recession as cost of living crisis deepens

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 5 (Reuters) – The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according to …

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India’s status as world’s fastest growing major economy to be short-lived: Reuters poll

Garment workers cut fabric to make shirts at a textile factory of Texport Industries in Hindupur town in the southern state of Andhra Pradesh, India, February 9, 2022. REUTERS/Samuel Rajkumar Register now for FREE unlimited access to Reuters.com Register BENGALURU, Aug 29 (Reuters) – India likely recorded strong double-digit economic growth in the last quarter …

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Gasoline price drop restrains US consumer spending; monthly inflation brakes sharply

Consumer spending increases 0.1% in July Drop at service stations accounts for the small rise Core PCE price index edges up 0.1%; up 4.6 year-on-year WASHINGTON, Aug 26 (Reuters) – US consumer spending barely rose in July as falling gasoline prices hurt sales at service stations, but monthly inflation slowed sharply, which could reduce the …

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US economy contracts mildly in second quarter; no sign of recession in underlying data

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 2,000 to 243,000 WASHINGTON, Aug 25 (Reuters) – The US economy contracted at a more moderate pace than initially thought in the second quarter as …

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China steps up easing, cuts lending benchmarks to revive faltering economy

FILE PHOTO:Employees work on the production line of vehicle components during a government-organized media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/ Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 22 (Reuters) – China cut its …

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Shares choppy, US yields fall as investors digest Fed minutes

Wall Street ends higher Yield curve remains inverted Dollar firm, oil prices rise nearly 3% Benchmark 10-year yield drop Safe-haven gold reverse earnings NEW YORK, Aug 18 (Reuters) – Global equity markets were choppy and US Treasury yields fell on Thursday, as uncertainty over the pace of interest rate hikes prevailed among investors after the …

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Possible triple-homicide in Brossard apartment fire that killed mother and children Police discover stabbed man, 20, on St-Laurent Blvd. Boy reported missing in Springville located safe: N.S. RCMP Colder than average for Sask. winter: Old Farmer’s almanac predicts Power line causes fire to Bedford, N.S. home: Halifax Fire Calgary sport court opens in Bridgeland Vancouver fire crews extinguish flames at SRO in DTES