U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
GDP was expected to increase at a 4.7% annualized pace in the third quarter, according to a Dow Jones consensus estimate.
U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia
Lee Wai Fai said the world is heading into a more "uncertain environment" and the impact of higher-for-longer interest rates is starting to filter through.
The economy probably showed gangbuster growth in the third quarter. But will it last?
Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for...
Peace talks in the Middle East will take time to resume, World Bank chief says
The president of the World Bank said Tuesday that it will be some time before progress toward a more peaceful Middle East can resume in...
IMF chief says Israel-Hamas war is a new cloud on the world’s economic horizon
The head of the IMF on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic outlook.
Jamie Dimon rips central banks for for being ‘100% dead wrong’ on economic forecasts
"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said in Saudi Arabia.
U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
The U.S. ended up with an imbalance of $1.695 trillion, up about $320 billion, or 23.2%, from fiscal 2022.
Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
The central bank official told CNBC that there's still a lot of work to be done before the Fed reaches its inflation goal of 2%...
Remittances to Mexico near a record but ‘super peso’ crimps spending power
The appreciation of the Mexican peso and increase in living costs at home pinch households receiving money from abroad.