#USA #economy - Summers Says Trump Policies Could Shake Confidence in the Rule of Law: Bloomberg

22 March 2025

Former US Treasury Secretary and Wall Street Week contributor Lawrence H. Summers says that President Donald Trump’s policies could restrict the Fed's ability to control inflation, and is concerned about “lawless cutbacks of spending.”

#USA #trump #economy #canada - ‘Idiotic and dangerous’: Republicans running out of answers for Trump torching the economy: MNSBC

13 March 2025

David Gura, Bloomberg News Anchor and Correspondent and Matina Stevis Gridneff, New York Times Canada Bureau Chief join Nicolle Wallace with the latest impact of Donald Trump’s intentional trade war, the impact it has had on our relationships with our former key trading partners and the negative impact it will have on all Americans as price begin to rise across all aspects of the American marketplace.

#trump #economy #canada

#USA #donaldtrump #useconomy #approvalrating - Trump's approval rating slips as Americans worry about the economy | REUTERS

19 February 2025

US President Donald Trump's approval rating ticked slightly lower as more Americans worried about the direction of the US economy after the new leader threatened a host of countries with tariffs, a Reuters/Ipsos poll found. #News #Reuters #Newsfeed #donaldtrump #useconomy #approvalrating

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#USA #economy - US farmers turn to Airbnb to survive agricultural downturn | REUTERS

8 February 2025

As corn and soy prices sank to four-year lows in 2024, US farmers struggled to turn a profit.

Many are turning to the $4.5 billion agricultural-tourism business, offering activities and overnight stays as consumer demand grows for rural experiences. #News #Reuters #Newsfeed #usfarmers #airbnb #agritourism

#China #economy - Why China's Consumers Are Still Cutting Back on Luxury Spending Despite Stimulus: Bloomberg

25 January 2025

A report from Bain & Co. shows China's luxury market sales plunging as much as 20% in 2024, as the economic slowdown dented consumer confidence.

Weiwei Xing, partner at the consultancy, expects the first half of 2025 to remain difficult for the market, but still sees bright spots. She speaks with David Ingles and Annabelle Droulers on "Bloomberg: The China Show."

#USA #economy #banks - Why Some Of America’s Banks Are At Risk Of Failing | CNBC Marathon

23 January 2025

CNBC Marathon examines the factors that cause banks to fail and the risks this poses to the broader U.S. economy. Shares of Citi’s stock saw more than a 30% drop over the last 5 years. In 2021, CEO Jane Fraser announced a bold shift in the company strategy, exiting 14 consumer markets outside of the U.S. and instead doubling down on wealth management. It’s a tactical move that several other major banks like Bank of America and Wells Fargo have adopted in recent years. Across the U.S., hundreds of small and regional banks are feeling stressed and may be at risk of failure. Of about 4,000 U.S. banks analyzed by the Klaros Group, 282 banks face stress from commercial real estate exposure and potential losses tied to higher interest rates. Most banks facing risks are categorized as small, or community, banks. The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse were a harsh reminder of how quickly a trusted institution could fail, putting billions of dollars at risk. In fact, over 550 banks have collapsed since 2001, according to the FDIC. What caused these failures, and what implications do they have on the U.S. economy?

#CNBC #economy #banks

#Ukraine #economy #europe - Davos 2025: Ukraine's economy in the spotlight at World Economic Forum • FRANCE 24 English

22 January 2025

With global business and finance leaders gathered in Davos, the focus on day three of the World Economic Forum turns to Ukraine's economy and its unexpected resilience.

FRANCE 24 Business Editor Charles Pellegrin speaks to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development. Read more about this story in our article: https://f24.my/AtHV.y

#USA #economy - What Trump declaring ‘national energy emergency’ means for the economy: ABC News

21 January 2025

ABC News’ Alexis Christoforous explains how the president’s executive order will impact the U.S. economy.

#EU - What the European Union's Role as "Regulator-in-Chief" Means | Wall Street Week

21 December 2024

The EU has served as the world's regulatory pioneer, but has it come at the cost of innovation in the region?

#UK #Economy - Inflation Hits Eight-Month High: Bloomberg

18 December 2024

UK inflation rose to an eight-month high in November, drifting further above the Bank of England’s 2% target. The consumer prices index increased 2.6% annually, up from 2.3% in October, the Office for National Statistics said on Wednesday.

Dan Hanson from Bloomberg Economics breaks down the situation and what it may mean for the BOE ahead of Thursday's interest-rate decision.

Stock market today: Live coverage from Yahoo Finance

#UK #economy - Market Insight: Why are British businesses facing a confidence crisis? | REUTERS

16 December 2024

British businesses are facing a substantial challenge managing higher costs, says IG's Chris Beauchamp, sharing his predictions for the Bank of England's rate moves in 2025. #News #bankofengland #inflation #unitedkingdom #Reuters #Newsfeed

#Syria - After over a decade of war, a look at what's left of the Syrian economy • FRANCE 24 English

9 December 2024

As Syrian rebels topple the government of Bashar al-Assad in Damascus, we take stock of what over a decade of fighting has done to the country's economy. Syria's GDP has been decimated by the conflict's human and material toll, while the Syrian pound has plummeted.

On its last legs, the cash-strapped regime grasped at any opportunities to bring in revenue, including producing and trafficking narcotics.

#usa #economy #elections #risk - BlackRock CEO Larry Fink on US Economy, Trump Vs. Harris, Geopolitical Risks: Bloomberg Television

1 October 2024

BlackRock CEO Larry Fink discusses the US economy, his views on the presidential election, and why he sees a "dawning of infrastructure" fueling growth. In a conversation with Bloomberg's Francine Lacqua on the sidelines of the Berlin Global Dialogue 2024 conference, he also comments on the wars in the Middle East and Ukraine, and why he favors a stronger banking union in Europe.