A prolonged slide in India’s stock values has erased $1 trillion in value from investors’ holdings. The flagship Nifty 50 index has retreated 14.5 percent from its September high. The Sensex, a catalog of 30 major companies traded on the Mumbai exchange, has dropped 13.9 percent.
The U.K.’s economic activity contracted by 0.1 percent in January, surprising economists who had foreseen a 0.1-percent increase that would have built on December’s 0.4-percent gain.
U.S. President Donald Trump seemed to be clearing the way for war with Iran in a social media post on Monday warning the country that he will hold it responsible for every shot fired by the Houthis in Yemen after the weekend bombing campaign he ordered that killed at least 53.
Israeli Prime Minister Benjamin Netanyahu ordered massive airstrikes across Gaza early Tuesday—killing over 400 and shattering a ceasefire agreement that was routinely violated by Tel Aviv.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Federal job cuts continue this week with President Trump signing an executive order on March 14 stating “the following government entities shall be eliminated… and such entities shall reduce the performance of their statutory functions and associated personnel to the minimum function presence.”
As analysts read the economic entrails of last week’s market slide, one stock index shows a clear warning of a recession, economists told The Wall Street Journal.
American, Delta, and United Airlines all see demand slowing for travel in the months ahead.
In February, confidence in the present and future U.S. economy fell for the third consecutive month among small business owners responding to a survey by the National Federation of Independent Businesses (NFIB).
When a government borrows to fund its programs, that puts pressure on consumer prices, according to research by Ernie Tedeschi, director of economics at Yale University’s Budget Lab and former chief economist for President Joe Biden’s White House Council of Economic Advisers.