US economy now growing at less than 2 percent due to shutdown, JP Morgan says
J.P. Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 percent, despite resilience in the private sector. The economists slashed their first quarter growth estimate to 1.75 percent from 2 percent, citing the shutdown. This is their second quarter point cut to the growth More...
Government shutdown bites US economy
Emily Hunt, a flight attendant for Southwest Airlines, drops off a donation of food for TSA workers at Orlando International Airport on Jan. 15. Florida airports are helping federal workers who aren’t getting More...
Playing catch-up in the digital economy
The increasing diffusion of ICT in developing countries including India and the greater ICT-led convergence across sectors that we are witnessing now follows the emergence of the inter-related digital technology More...
India to retain status as fastest growing major economy in 2019-20: World Bank
Fuelled by policy reforms and rebound in credit, India’s economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world More...
Complex web of international banks, shell companies, helps North Korea gain access to funds, WSJ reports
News1-Dong-A Ilbo | Getty Images News | Getty Images In this handout image provided by the News1-Dong-A Ilbo, North Korean officials watch the demolition of the Punggye-ri nuclear test site on May 24, More...
Goldman Sachs: As long as consumers keep shopping, there’s hope for the economy
David Goldman | Getty Images Shoppers carrying bags walk up Fifth Avenue in New York City. For a market that’s become increasingly jittery over the U.S. economy, Goldman Sachs has a message: All is More...
Money managers are realizing that Trump isn’t ‘dependable enough’ for the market: Cramer
Trump not ‘dependable enough’ for market, money managers learn: Cramer 7 Hours Ago | 01:17 Part of Tuesday’s stock market plunge may have stemmed from money managers giving up More...
Facebook is making a huge mistake if it disbands its election war room, former Obama administration official warns
Inside Facebook’s ‘War Room’ Facebook should not disband its election war room, a former Obama administration official told CNBC. Otherwise, Russia and other foreign nations could take More...
OPEC meeting marks the ‘toughest test yet’ for Saudi-Russia energy alliance, analysts say
Omar Marques | Anadolu Agency | Getty Images Secretary General of OPEC, Mohammed Barkindo (R), Russia Energy Minister Alexander Novak (L), Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, More...
The world’s fastest-growing major economy is not prosperous enough
India’s perch on top as the world’s fastest-growing major economy is a paradox given its performance on social indicators. The country still lags its global and Asian peers when it comes to providing a safe More...