Result Page 16 for Latest Economy & Markets News & Archive

Albemarle Lithium Facility in Silver Peak, Nevada, U.S.

Albemarle's Growth Slows In Third Quarter Amid Volatility In Lithium Sector

The world's most valuable lithium company posted meager returns in its third quarter earnings statement.

Jobless Claims Rise For Second Consecutive Week

US jobless claims have declined for five straight weeks, highlighting a healing in the labor market in the world's largest economy

The increase may indicate that the labor market in the U.S. is softening.

Stocks Rebound On Lower Bond Yields, Better Earnings

A Wall Street sign outside the New York Stock Exchange

U.S. stocks staged a strong rebound on Wednesday afternoon, following a sharp drop in bond yields. The rebound continued in pre-market trade on Thursday.

The Starbucks sign is seen outside one of its stores in New York

Starbucks Results Beat Expectations As Consumers Paid More For Coffee Drinks

The company opened more than 800 stores in the last quarter, increasing traffic and sales.

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Inflation is coming down toward the ECB's target, but there are plenty of risks facing Christine Lagarde as faces the second half of her term as head of eurozone's central bank

At Halfway Point, Next Challenges Loom For ECB's Lagarde

Halfway through an eight-year stint as head of the European Central Bank, Christine Lagarde has cause to cheer as inflation finally slows after an unprecedented streak of interest rate hikes.

Tech Layoffs: Splunk To Cut More Than 500 Jobs Before Acquisition By Cisco

Splunk CEO announced the cuts in a letter to employees.

Healthy US jobs data last week reinforced expectations the Federal Reserve will hike interest rates again next month

Job Growth In Private Sector Recovers In October But Misses Estimates

The ADP and JOLTs reports indicate a stable and still strong labor market in the U.S.

An employee grabs carbonate lithium after being processed in Argentina August 12, 2021.

The US Could Be The Next Lithium Superpower

The world's largest lithium deposit was recently discovered in Nevada. Is the US -- and the rest of the world -- ready?

A pick-up in US consumer confidence has helped boost investor sentiment

Consumer Confidence Falls On Worries About Inflation, Middle East Turmoil

Consumers are more pessimistic about business conditions and expect a recession next year.

Fed minutes show some members backed an additional hike heading into the previous FOMC meeting

FOMC Meeting Preview: Geopolitics And Financial Instability Could Bring The Fed Closer To Pivot

There are a couple of good reasons behind another interest rate hike pause, despite the resilience of the U.S. economy and the elevated inflation.

Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020.

It Takes More Than 13 Years To Make A Profit On A Home Purchase, Zillow Says

Higher mortgage rates and home prices are having an impact on how long homebuyers can recover their investment.

The United Auto Workers (UAW) union is threatening to 'amp' up its strike at the three biggest US automakers

Autoworkers Strike Set To End After Tentative Agreement GM

The strike, which started on Sept. 15, involved more than 45,000 autoworkers at its peak.

McDonald's Increases Profits And Sales After Raising Meal Prices

McDonald's third-quarter results beat analysts' expectations.

An electronic board shows the negative moves of the market above the floor of the New York Stock Exchange June 29, 2015.

Stock Market Sell-Off Broadens, Spreading To Tech Leaders — Time For Bargain Hunting?

Traders and investors, who earlier in the year were looking for every excuse to buy, are now looking for every reason to sell.

Fed Chair Jerome Powell said US inflation was still too high

US Fed Likely To Pause Again With Rates At 22-year High

The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.

Federal Reserve Board Chairman Jerome Powell speaks following a Federal Open Market Committee meeting in July 2023

In Focus This Week: Fed Decision, Jobs Report, Apple Products And Earnings

The U.S. central bank is expected to keep interest rates unchanged; Apple has a product launch event Monday.

Australia's Richest Woman Threatens $1 Billion Lithium Deal

Gina Rinehart, head of Australia's largest mining company, has inserted herself into a foreign takeover of an Australian lithium miner for the second time this month.

JP Morgan CEO Jamie Dimon delivers a speech during the inauguration the new French headquarters of JP Morgan bank in Paris

JPMorgan's Jamie Dimon To Offload $140 Million Worth Of Company Shares

It's the first time the CEO of JPMorgan is selling his stake in the bank.

US consumer price inflation is in focus as the Federal Reserve prepares for its latest monetary policy decision next week

Fed's Preferred Inflation Measure Slows For Second Month

Personal spending accelerated in September while income slowed.

Colgate toothpaste is pictured on sale at a grocery store in Pasadena

Price Increases Boost Colgate-Palmolive Profit And Sales

The company also raised its forecasts for results in 2023.

US existing home sales hit a 15-year high in 2021, but supply hit a record low, the National Association of Realtors said, indicating challenges ahead for the real estate market

September Sees Unanticipated Uptick In Pending Home Sales, Defying Expectations

The National Association of Realtors said high mortgage rates are keeping sales at historically low levels.

By 2050, the IEA said that renewables capacity and greater efficiency would see global energy demand drop about eight percent compared to today

Global Consumption Of Oil, Gas And Coal To Peak by 2030, IEA Says

The IEA's annual flagship report details both encouraging and troubling signs for global energy markets.

Data on US jobs creation, inflation and factory activity this week could play a key role in the Federal Reserve's decision-making on interest rates

Jobless Claims Rise From Lowest Level Since January

The data still don't show major impacts of the strike at automakers.

US retail sales contracted in November, with consumers spending more on essentials

US Economy Grows More Than Expected in Third Quarter

GDP expansion was the strongest in almost two years as consumers increased spending.

The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt

ECB Pauses Rate Increases As Inflation Slows

The key interest rate of the Eurozone remains at the highest level since the common currency was created.

Credit Card Charges Of Interest And Fees Jump To Record $130 Billion

Consumers are facing higher costs on their growing debt while credit card companies increase profits, CFPB said.

A JetBlue aeroplane is seen at JFK International Airport in the Queens borough of New York City, New York, U.S., August 11, 2021.

Airports Will Have To Tap Debt Markets To Pay For Expansion, Fitch Says

The rating agency said in a report that airports are moving ahead with their investment plans as passenger traffic recovers.

Workers install a battery for a new electric vehicle model at Mitsubishi Motor Corp's factory in Kurashiki, Japan May 19, 2022. Picture taken May 19, 2022.

Japanese Researchers Revolutionize EV Battery Tech With Cobalt-Free Breakthrough

Researchers have developed a new electric vehicle battery design without the use of cobalt, one of the rarest and most environmentally destructive EV battery components.

Better-than-expected US new home sales in September pushed prices higher and caused inventory to grow scarce

New Home Sales Surprise With A Jump In September

Buyers went to the market for brand new houses as prices fell and amid a lower inventory of previously owned units.

The leaders of Spain, France and Portugal are meeting in the southern city of Alicante to sign off on the vast H2Med green hydrogen pipeline project

Proposed Algeria-Germany Green Hydrogen Pipeline Could Be A Game-changer For European Energy

Germany is discussing plans to source green hydrogen from Algeria, reducing energy dependency on Russia and working towards fulfilling EU climate objectives.