Economy

Economics

Election Day is a Major Distraction. The Economy Will Feel the Hit.

Photo by Ernie Journeys via Unsplash

Distractions from Election Day mania are expected to be so extreme, it may cost the American economy billions of dollars per hour.

2 min read
International Economics

The Rise of India’s Reckless Retail Investors

Photo illustration by Connor Lin / The Daily Upside, Photo by Prostock Studio via iStock

Regulators worry that undisciplined and inexperienced investors are taking on way too much risk in the country’s overheated stock markets.

6 min read
International Economics

Prices in China to Fall into 2025 Amid Deflationary Sputters

Photo by Gary Lerude via CC BY 2.0

China will see middling returns into 2025 according to new data and a bank analyst report, which paints a grim future for its consumer sector.

2 min read
Consumer

Back-to-School Spending Is Flat or Falling, Depending on Whom You Ask

Image Credit: iStock, Nadezhda1906

Early data this year suggests back-to-school season spending is either flat from last year, or took a slight dip.

1 min read
International Economics

With Dollar Reserves Running Out and Ratings Downgrades, Maldives Stares at a Crisis

Photo by Ishan @seefromthesky via CC0 1.0

Fitch Ratings downgraded the debt of the Maldives for the second time in just over two months, suggesting it’s likely to default on bonds.

1 min read
Consumer

Economic Strains Starting to Hit Wealthier Americans, Survey Finds

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Mizuho found that both low- and high-income Americans alike are trying to get as thrifty as possible, reducing spend.

1 min read
International Economics

Canadian Railway Shutdown Threatens US Supply Chains

Photo by Sangkeun Park via CC BY-SA 4.0

Canadian National Railway and Canadian Pacific Kansas City came to a halt after locking out 9,300 employees over a contract dispute.

2 min read
Markets

Key Indicators Send Markets Into ‘Recession’ Chatter

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Friday ended with the main indices in Asia, Europe, and New York pointing down in unison, the Nasdaq even entering correction.

2 min read
Autos

Can Carvana Pull Off a Comeback?

Photo via Carvana

Carvana posted stellar results in its latest earnings call, leaving many analysts to wonder if this may be the start of something new.

1 min read
International Economics

Central Banks in US, Japan, and the UK Prepare for Crucial Week

Photo by APK via CC BY-SA 3.0

The US Federal Reserve and the Bank of Japan will meet this week. On Thursday, it will be the Bank of England’s turn in the spotlight.

2 min read
International Economics

China Makes Surprise Rate Cuts Following Top Policy Meeting

Photo by Undefined via iStock

The People’s Bank of China unexpectedly lowered its benchmark lending rates and a noteworthy short-term policy rate.

1 min read
Economics

IMF Downgrades US Growth Projection, US Retail Sales Prove Resilient

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The International Monetary Fund said the US economy is set to cool compared to previous projections, and that it’s piling up debt.

1 min read
International Economics

China Leaders Convene to Plot Economic Path

Photo by Edward He via Unsplash

The plenary session of China’s ruling party will likely introduce economic reforms and policies addressing impediments to its growth.

2 min read
Economics

Hope for Rate Cuts Gets a Big Boost from Slowing Inflation

Photo by Ja San Miguel via Unsplash

The Labor Department reported monthly inflation fell in June, strengthening the case for the Federal Reserve to cut interest rates.

1 min read