GDP surges by 2.8%, raising expectations for interest rate cuts

As the GDP increases and the economy evens out, it’s more likely that the Federal Reserve will cut interest rates. This sudden jump in economic growth is signaling that rate cuts may be on the horizon ... Read More

U.S. economic growth increased last quarter to a healthy 2.8% annual rate

The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers helping drive growth despite the pressure of high interest rates. Read More

US economy beats growth expectations in second quarter

US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building despite high interest rates, government data showed Thursday, after a slow start to ... Read More

US must ground its economic policy in reality, sooner rather than later

Government spending has played a big role in boosting the US’ consumption and jobs figures, but how long can this last? Read More

Hope Floats Amid Economic Uncertainty During 2024 2nd Half

California Apparel News asked financial leaders in the apparel business: What successful strategies did you recommend for the challenges faced in the first half of 2024, and how should ... Read More

Unemployment ticks higher, but why hasn’t it surged?

New unemployment figures paint an uncertain picture for borrowers, businesses and investors, and one key question continues to confound: Why isn’t our jobless rate higher? Read More

Bullish analysts think sterling’s rally will continue despite chance of interest rate cuts

Sterling has been one of the strongest performing currencies this year on the back of sticky inflation and stronger than expected growth. Read More

Arab Monetary Fund forecasts 6.2% growth for UAE economy in 2025

The UAE’s economy is expected to grow by 3.9 per cent in the current year, 2024, rising to 6.2 per cent in 2025, according to the Arab Monetary Fund (AMF). Read More

UK dividend payouts hit record high of £36.7 billion in Q2: Can it sustain?

UK dividends hit a record high of £36.7 billion in Q2 2024, driven by special payouts and strong sector performances. Read More

JPMorgan Chase Beats Q2 Expectations Amid Economic Uncertainty

The bank’s performance highlights its resilience in a challenging economic environment, but CEO Jamie Dimon cautioned about potential risks on the horizon. Despite the strong earnings report ... Read More

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth

Australia's unemployment rate continues to edge higher, despite the creation of about 50,000, mostly full-time, jobs last month. Read More

Unemployment ticks higher, but why hasn’t it surged?

June’s jobless rate was ... ahead as the economy struggles under the weight of higher interest rates. There are several reasons why our unemployment remains relatively low despite rising ... Read More