Economy News

Moody’s on Friday lowered its rating outlook on the United States government to negative from stable, pointing to rising risks to the nation’s fiscal strength.The rating agency noted that the country is not demonstrating effective fiscal policy measures to reduce ...

Gross domestic product in the United Kingdom was flat for the last quarter. After an increase of 0.2% in the previous quarter, the three months to the end of September yielded zero growth.Expressed annually, Britain’s third-quarter GDP was just 0.6% ...

Saudi Arabia’s economy has slowed markedly after the world’s biggest crude oil producer cut output to shore up prices.Saudi gross domestic product contracted 4.5% year-over-year in the third quarter of 2023. That’s the largest shrinkage since the COVID-19 pandemic in ...

India’s economy is showing signs of growth at a time when China, which has been the engine of global growth for decades, is seeing a major economic slowdown. India aspires to be a potential successor. From a restless young population ...

Output in Germany fell slightly in the third quarter, official data showed Monday, increasing the risk of a recession in Europe’s biggest economy.Gross domestic product dropped 0.1% in the July-to-September period compared with the previous quarter, when it grew 0.1%, ...

The U.S. Commerce Department is expected to report third-quarter gross domestic product this week. Analysts keenly await this measure, which is the broadest measure of economic output. Early indications point to a strong period of economic growth from July through ...

U.S. home sales dropped in September to the lowest level since the foreclosure crisis as surging interest rates and climbing home prices made buying a home more challenging.Historically low inventory of homes for sale continued to push prices up and ...

Oil prices on Friday climbed more than 4% after the U.S. tightened sanctions against Russian crude exports. The U.S. on Thursday imposed sanctions on two shipping companies carrying Russian crude that it said violated the G7′s oil price cap of ...

Last month, U.S. Federal Reserve representatives reached a consensus on maintaining elevated interest rates for an extended period as part of their strategy to combat inflation, as revealed in recently released meeting notes.The discussion also included whether it was the ...

A special OPEC+ panel recommended Wednesday that the oil cartel keep its current output reduction strategy unchanged after heavyweights Saudi Arabia and Russia vowed to maintain their cuts to keep prices elevated.The OPEC+ panel has no decision-making power but discusses ...

U.S. Treasury yields were little changed on Thursday, after pulling back from recent multi-year highs in the previous session, as investors waited for more economic data.The yield on the 10-year Treasury was down more than 1 basis point at 4.719%. ...

The index that tracks activity in the U.S. manufacturing industry showed a contraction for the 11th-consecutive month. However, the pace of contraction was the slowest in almost a year as companies prepare for traditionally higher consumer demand in the fourth ...

German inflation experienced a decline this month, reaching its lowest point since the onset of the Ukraine conflict. This provides a slight ray of optimism while Europe's leading economy battles to recover from a downturn.Russia's invasion of Ukraine last year, ...

A host of soft commodity prices have climbed in recent months, driven by weather-related damage and rising climate risks around the globe, resulting in tighter supplies. Futures contracts on orange juice, raw sugar, and cocoa each hit their highs for the ...

Most stock markets rose Friday, reversing early losses and a sell-off on Wall Street, as traders consider further interest rate hikes by central banks struggling to tame inflation.With officials from the United States to Switzerland warning that more tightening will ...