Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal

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The Richest Country in the World by GDP
We recently compiled a list of the 50 Richest Countries in the World by GDP and in this article we will talk about the country with the largest GDP in the world. Global Economic Outlook of Richest Countries The global economy has been facing strong headwinds since the COVID-19 pandemic including the world’s richest countries […]
Yahoo Finance
Fed's stance of higher for longer likely not shaken by new inflation reading
The Fed's stance of holding interest rates higher for longer likely won't be shaken following a fresh reading from the central bank's favored inflation gauge.
The Telegraph
Blow for Beijing as China’s factory activity falls unexpectedly
A shock fall in Chinese manufacturing activity has prompted calls for Beijing to unleash more stimulus to support the economy.
Associated Press
China factory indicator falls in May, suggesting growth has faltered
Factory activity in China slowed more than expected in May, suggesting further pressure on an economy already burdened by a prolonged crisis in the property industry, according to an official survey released Friday. The manufacturing purchasing managers index from the China Federation of Logistics and Purchasing fell to 49.5 from 50.4 in April on a scale up to 100 where 50 marks the break between expansion and contraction. Weaker new orders and export orders suggests slack demand.
Reuters
China's factory activity unexpectedly dips as property pain persists
BEIJING (Reuters) -China's manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a protracted property crisis in the world's second-largest economy continues to weigh on business, consumer and investor confidence. "I think the data particularly reflects soft domestic demand, the housing sector continued to worsen and retail sales were not strong," said Xu Tianchen, senior economist at the Economist Intelligence Unit.
AFP News
China making youth unemployment a 'top priority'
At a job fair for soon-to-be graduates in central Shanghai, recruiters sat bored under washed-out tarpaulins as rain and an apparent lack of interest kept potential young employees away."It's difficult to find a job that matches your degree and aspirations," one of the few young jobseekers at the fair, a data sciences student, told AFP. "Lots of college students actually have too high expectations," said Julia Shao, who was recruiting for a restaurant chain.
The Guardian
Is Rishi Sunak facing a repeat of John Major’s 1997 landslide defeat?
The two Tory PMs both told voters the economy had turned a corner – but there is little comparison now with 27 years ago
Reuters
Dollar set for first monthly drop after US inflation readout
NEW YORK (Reuters) -The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut interest rates. The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March. "These numbers do not give any sense that the Fed is achieving its goal," said Joseph Trevisani, senior analyst at FX Street.
Reuters
Japan PM Kishida to announce compilation of six-year economic, fiscal plan
Japanese Prime Minister Fumio Kishida will announce a new economic and fiscal plan for the next six years on Tuesday aimed at boosting economic growth, two sources with direct knowledge of the matter told Reuters. Kishida will instruct the government to discuss details of the new plan when he makes the announcement, said the sources, who declined to be named as the matter is private. The Cabinet Office declined to comment.
AFP News
Stock markets mixed as US inflation unchanged
Stock markets were mixed Friday as investors digested fresh US and eurozone inflation data that could set the tone for interest rate moves by central banks.Nevertheless, analysts expect the European Central Bank to cut rates next week.
GOBankingRates
15 States Where Teachers Make More Than the Average American
Despite the importance of their jobs, teachers sometimes get the short end of the stick when it comes to pay. Although the average annual wage for teachers is $68,373, compared with the average annual...
Reuters
India's fast economic growth lays firm ground for next government
NEW DELHI (Reuters) -India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the first three months of 2024, helped by a strong performance in the manufacturing sector, and economists expect the momentum to continue this year. The highest growth pace among the largest economies globally will bolster the economic record of Prime Minister Narendra Modi, who is hoping to win a rare third term in the national election, with results set to be released on June 4. The Reserve Bank of India's (RBI) record surplus transfer of 2.11 trillion rupees ($25.3 billion) will help the next government to increase state spending to bolster growth.
The Telegraph
Families pile record £12bn into Isas as interest rate cut looms
Savers put away a record amount of cash into Isas last month in anticipation of a looming interest rate cut by the Bank of England.
The Telegraph
There’s a crushing consensus that Britain’s economic stagnation is now inevitable
The Tory party has tried and failed to convince the public that they are better off these past few years. This should surprise no one. The spike in the tax burden, combined with the inflation crisis, has been felt by practically everyone.
The Guardian
Whether the vote goes red or blue, baby boomers will win the general election
Both Labour and Conservative are pledging to look after the older voter while Gen Z is being ignored
CNN Business
Thursday was a sour day for the US economy — with an important silver lining
US economic data released Thursday was broadly disappointing.
Reuters
Japan's household spending seen rising for first time in 14 months: Reuters poll
Japan is expected to post its first year-on-year rise in household spending in 14 months, a Reuters poll showed on Friday, although the tepid growth is likely to highlight persistent weakness in the consumer sector. Spending probably rose 0.6% year-on-year in April, according to a Reuters poll of 17 economists, following a 1.2% decline in March. "Considering the underlying price hikes, we can only judge consumption shows no sign of putting the brakes on worsening," said Takeshi Minami, chief economist at Norinchukin Research Institute.
Barrons.com
40 Years Ago, the Great Bond Bull Market Began. Is a Reverse in the Cards?
Bond mavens like DoubleLine’s Jeffrey Gundlach and former IMF economist Kenneth Rogoff say the ingredients are in place for a return to central bank money printing and inflationary policies.
The Telegraph
Putin set to increase taxes to pay for war in Ukraine
Vladimir Putin plans to impose the largest tax rises on Russians since the 1990s to help pay for his war in Ukraine.
Reuters
US inflation up moderately in April, consumer spending weakens
(Reuters) -U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central bank will be able to begin cutting interest rates in September. The data suggested the elevated pace of price increases could last longer than expected but also the prospect that more tepid consumer spending may keep a lid on prices increases in the months ahead. In the 12 months through April, the PCE price index rose 2.7% after advancing at the same pace in March.

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Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal

Latest stories

The Richest Country in the World by GDP

Fed's stance of higher for longer likely not shaken by new inflation reading

Blow for Beijing as China’s factory activity falls unexpectedly

China factory indicator falls in May, suggesting growth has faltered

China's factory activity unexpectedly dips as property pain persists

China making youth unemployment a 'top priority'

Is Rishi Sunak facing a repeat of John Major’s 1997 landslide defeat?

Dollar set for first monthly drop after US inflation readout

Japan PM Kishida to announce compilation of six-year economic, fiscal plan

Stock markets mixed as US inflation unchanged

15 States Where Teachers Make More Than the Average American

India's fast economic growth lays firm ground for next government

Families pile record £12bn into Isas as interest rate cut looms

There’s a crushing consensus that Britain’s economic stagnation is now inevitable

Whether the vote goes red or blue, baby boomers will win the general election

Thursday was a sour day for the US economy — with an important silver lining

Japan's household spending seen rising for first time in 14 months: Reuters poll

40 Years Ago, the Great Bond Bull Market Began. Is a Reverse in the Cards?

Putin set to increase taxes to pay for war in Ukraine

US inflation up moderately in April, consumer spending weakens