Last month, China exported 9.9 percent fewer goods than a year earlier, accelerating from an 8.7-percent drop in November as the global economy continues to grind slower.
Author: admin
Post
EMERGING NATIONS RAISE $40 BILLION IN BONDS THIS YEAR
Despite rising risks of defaults among emerging nations, 14 developing economies have sold $41 billion worth of bonds in the first 12 days of this year on signs that inflation is easing and hopes that China’s economy will rebound, which would raise demand for raw materials, the Financial Times reported.
Post
CORPORATE CHIEFS PREP FOR GLOBAL RECESSION
Chief executives of the world’s leading corporations expect a short, mild recession this year and are preparing to weather it without laying off workers, a new Conference Board survey has found.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is our 24th week reporting the long trend-line of layoffs that signal a further economic downturn in a country near you. Inflation and interest rate hikes are causing companies in many sectors to lay off employees. An average of 1,600 tech workers have been laid off every single day of 2023 so far.
Post
TOP 2015 TREND, THE DRIVERLESS CLIFF: CAR MAKERS’ NEW MANTRA = “SEXY REALISM”
At this month’s annual Consumer Electronics Show, self-driving cars and other blue-sky projects were largely absent from the space devoted to new vehicle tech.
Post
U.S. INDEPENDENT RESTAURANTS SUCCUMBING TO INFLATION
In December, more than half of U.S. restaurants had trouble paying their rent, according to data service Alignable, compared to less than a third a year earlier.
Post
FEDERAL BUDGET CHASM WIDENED IN DECEMBER
The U.S. government ran $85 billion worth of red ink last month, the treasury department reported. A year earlier, the deficit was $21 billion.
Post
BIG BANKS EXPECT A RECESSION
Analysts at the four biggest U.S. banks expect rising interest rates to drive the American economy into a recession this year, according to The Wall Street Journal.
Post
INFLATION CONTINUED TO SLOW IN DECEMBER
In December, the rate of U.S. inflation slowed to 6.5 percent from November’s 7.1 percent, marking the Consumer Price Index’s (CPI) sixth consecutive month of decline after peaking last June.
Post
WILL THE FED CUT RATES THIS YEAR?
Equity markets bounced last week, partly on news that inflation continues to slow. That is persuading a growing number of money managers that the U.S. Federal Reserve will begin cutting interest rates this year.