Economy
Stay current with all the latest and breaking news from Economy, compare headlines and perspectives between news sources on stories happening today. In total, 16,487 stories have been published about Economy which Ground News has aggregated in the past 3 months.Stay current with all the latest and breaking news from Economy, compare headlines and perspectives between news sources on stories happening today. In total, 16,487 stories have been published about Economy which Ground News has aggregated in the past 3 months.
Top Economy News
Business · WashingtonThe U.S. economy added 263,000 payrolls in September, while the unemployment rate fell from 3.7% to 3.5% — a half-century low, the government said on Friday. Monthly job gains have slowed from the breakneck pace that defined the pandemic recovery. But the labor market so far remains on solid footing and companies still have strong demand for workers.
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U.S. economy adds 263,000 jobs in September
62% Center coverage: 66 sources
Business · WashingtonThe Fed is engaged in an epic battle to rein in inflation, which was running at a 40-year high in June. The Fed has raised its benchmark interest rate five times this year. The global economy, weakened by food shortages and surging energy prices resulting from Russia's war against Ukraine, may be on the brink of recession.See the Story
US hiring likely slowed last month (which may be good news)
56% Center coverage: 9 sources
Europe · ZurichTroubled bank Credit Suisse offered to buy back up to 3 billion Swiss francs ($3.03 billion) of debt securities Friday, as it navigates a plunging share price and a rise in bets against its debt.See the Story
Credit Suisse to buy back $3 billion in debt, sell landmark hotel as credit fears persist
58% Center coverage: 12 sources
Latest News Stories
Asia · Kuala LumpurMalaysia plans record development spending in 2023 despite proposed smaller national budget. Finance Minister Zafrul Aziz unveils budget proposal of 372.3 billion ringgit ($80 billion) Budget deficit is expected to narrow to 5.5% from 5.8% this year. Opposition lawmakers and an economist said the budget appeared geared toward general elections.See the Story
Malaysia tightens 2023 budget, warning of slower growth
62% Center coverage: 8 sources
Business · New YorkPakistan says it "strongly contests" a ratings downgrade by agency Moody's. Moody's cut Pakistan's sovereign credit rating on Thursday by one notch to Caa1 from B3. Agency cited increased government liquidity and external vulnerability risks in the wake of devastating floods that hit the country.See the Story
Pakistan contests Moody's ratings downgrade, says it can meet obligations
47% Center coverage: 15 sources
Business · OttawaThe Canadian economy added a net 21,100 jobs in September, in line with forecasts, while the jobless rate dipped to 5.2% from 5.4%, slightly ahead of predictions, data from Statistics Canada showed on Friday. The small employment gain in September ended a three month streak of job losses, though much of the increase was in part-time work. See the Story
September jobless rate falls to 5.2% as fewer Canadians look for work
67% Center coverage: 9 sources
Europe · LondonThe number of company insolvencies in England and Wales hit its highest level in the April-June period in nearly 13 years as surging energy prices took their toll on business, data showed on Friday. Insolvencies fell in 2020, when the government rushed to help businesses survive the coronavirus pandemic, but they have risen since 2021, the Office for National Statistics said.See the Story
England and Wales company insolvencies hit highest since 2009
Coverage: 5 sources
Economy · Mexico CityPresident Andrés Manuel López Obrador appointed the head of the SAT, Raquel Buenstro, as Secretary of Economy after the resignation of Tatiana Clouthier.See the Story
Raquel Buenstro relieves Tatiana Clouthier as Secretary of Economy
![[Opinion] The Fed doesn't have a choice anymore. Get ready for a recession - Local News 8](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2FextMedia%2Fb06d40d4bc794438ab7f73dbce1245d33819fa74.jpg%3Fwidth%3D320%26quality%3D70&w=1440&q=75)
InternationalThe US economy added 2.3 million jobs in the last six months. Gad Levanon: The Federal Reserve is likely to drive the economy into a recession in 2023. He says the only option that leaves the Fed is to engineer a recession by continuing to raise interest rates.See the Story
[Opinion] The Fed doesn't have a choice anymore. Get ready for a recession - Local News 8
Coverage: 2 sources
Unemployment · United StatesThe hiring of new workers in the North American economy slowed slightly in the last month. Wall Street reacted negativelySee the Story
The United States added 263,000 jobs in September and the unemployment rate returned to its pre-pandemic level
Coverage: 2 sources
Europe · LondonSterling is on course to end the week on a downbeat note as US employment data failed to show enough of a weakening to raise market hopes that the Federal Reserve's era of big interest rate hikes was at an end.See the Story
BoE rate-setter's vow on inflation fails to help stricken pound for long
100% Center coverage: 1 sources
