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INSANE: 60 | Vintage Vibes

Houston Latinos are a driving force behind region's economic growth, study shows

A report showed that the Latino labor force grew at a rate 2.8 times higher than that of Non-Latinos in this Texan region

Latin Times

Australian shares tumble as RBA rate rise back on table

The ASX200 has fallen 1.4 per cent as investors fear persistent inflation could convince the Reserve Bank to raise interest rates once more.

AAP

US Economy Strong Despite Weaker First-Quarter GDP Reading

US Treasury Secretary Yellen remains optimistic about the economy despite slower GDP growth. Inflation expected to trend lower with efforts to manage costs...

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US Stocks Close Lower As GDP Growth Slows

US stocks decline as GDP growth slows to 1.6% in Q1, raising concerns about stagflation and impacting tech stocks.

Top News

Stock Market Today: Markets Tumble Amid Slower Economic Growth and Rising Prices

Disappointing readings on GDP and inflation helped tank equities.

Kiplinger

Dollar Gives Up Early Gains on Stagflation Concerns

The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic growth, along with persistent price pressures. The dollar initially moved higher Thursday after bond yields jumped when Thursday’s...

Barchart

NOAA Billion-Dollar Weather Disasters Are Not Evidence of Climate Change

Weather and climate disaster losses as a percentage of U.S. GDP have not increased between 1990 and 2019, a new study finds.

Reason

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Energy Demand Concerns Weigh on Crude Prices

June WTI crude oil (CLM24 ) this morning is down -0.50 (-0.59%), and May RBOB gasoline (RBK24 ) is down -1.79 (-0.66%). Crude and gasoline prices this morning are moderately lower on energy demand concerns after US Q1 GDP growth rose less than expected. Losses in crude are limited after...

Barchart

Wall Street Today: GDP Report Sends Stocks Into Freefall

Blindsided by a subpar report on U.S. economic growth, Wall Street reacted swiftly and strongly Thursday as all three major indices saw significant declines.

International Business Times

Stocks Plunge Before the Open as Meta’s Revenue Forecast Disappoints, U.S. GDP Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.87% this morning as a disappointing revenue outlook for the current quarter from Meta weighed on sentiment, while market participants braced for a new round of U.S. economic data and quarterly reports…

Barchart

Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn

Green Finance Institute report said further pollution could cut 12% off GDP by 2030s

The Guardian - UK

South Korea Q1 GDP Growth Exceeds Expectations

South Korea's economy shows resilience with strong Q1 GDP growth, raising doubts about further policy easing measures.

Top News

Sunak suggests he will not ‘shy away’ from making cuts to hit defence target

PM has faced scepticism over costing of his commitment to spend 2.5% of Britain’s GDP on defence by 2030

The Guardian - UK

German Government Raises 2024 GDP Forecast To 0.3%

Germany revises 2024 GDP forecast to 0.3%, showing optimism for economic growth and stability.

Top News

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Russian Ministry Forecasts 2.8% GDP Growth For 2024

Russia's Ministry of Economic Development projects 2.8% GDP growth in 2024, facing challenges of higher inflation and a weaker rouble.

The Guardian - UK

Europe’s political leaders have been slow to recognise financial reality of long wars

Ukraine needs western munitions badly but it remains unclear how much more artillery the UK is prepared to produce

The Guardian - UK

UK to boost defence spending to 2.5% of GDP, Sunak says

PM pledges to put arms industry on ‘war footing’ with plan to raise defence budget to £87bn a year by 2030

Top News

Vietnam's GDP To Grow 5.5% In 2024, 6.0% In 2025

The World Bank projects positive economic growth for Vietnam, highlighting resilience and potential for development in key sectors like manufacturing and s...

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Al Jazeera

War, fear of war spur global military spending to new record: SIPRI report

New high of $2.4 trillion is ninth straight annual increase, suggesting trend will continue, research institute says.

The Hindu

Lok Sabha polls | Multiple data sources show simple fact that workers can buy less today than they could 10 years ago, says Jairam Ramesh

Congress alleges PM Modi caused unprecedented decline in worker wages, vows INDIA coalition will restore growth trajectory.

Top News

German Government Raises 2024 GDP Forecast To 0.3%

Germany raises its 2024 GDP forecast to 0.3%, indicating economic optimism and potential growth. The decision reflects positive economic outlook and may im...

The Hindu

India doesn’t require Modi to become third largest economy in the world: Yechury

CPI(M) general secretary Sitaram Yechury has said that India does not require Narendra Modi or the BJP to become the third largest economy in the world.

International Business Times

Climate Impacts Set To Cut 2050 Global GPD By Nearly A Fifth

Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about $38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.

The Guardian - UK

Beware risks of voter giveaways to public finances, countries facing elections told

IMF says reduction in national insurance may have made cutting UK national debt more difficult

Top News

IMF Forecasts India's GDP To Grow 6.8% In 2024-25

IMF raises India's GDP forecast to 6.8% for 2024-25, signaling economic resilience and global potential.

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