China Revises Up 2023 GDP
On Thursday, December 26, China revised upward the size of its economy by 2.7%.
Finance & Economics - page 16
Mastercard Says About Strong US Holiday Retail Sales
In the United States, the financial well-being of households remains healthy, as evidenced by the fact that local shoppers continue to spend money during the holiday season, searching for the most profitable goods deals on virtual trading platforms, making purchases of a significant cumulative amount of apparel, electronics, and jewelry.
New York Reportedly Tights Financial Scrutiny
The media published information according to which the New York authorities are tightening financial scrutiny ahead of the January return of Donald Trump, who won the United States presidential election last month, to the White House.
US Weekly Jobless Claims Demonstrate Decline
Last week in the United States, the number of locals applying for jobless benefits decreased to the lowest level in the current month.
Foreign Investments in Israel Demonstrate Growth
In the first half of the current year, there was an increase in investment in Israel, even though the country was at war on several fronts in Gaza and Lebanon, and was experiencing tension in relations with Iran, which in some cases had an armed form of expression.
Taiwan Blocks Uber’s $950 Million Foodpanda Deal
Taiwan has blocked Uber Technologies’ purchase of Delivery Hero’s Foodpanda business on the island.
Japan’s Budget to Hit Record
The Japanese government is set to compile a record $735 billion budget for the fiscal year from April due to increased social security and debt-servicing costs, adding to the industrial world’s heaviest debt.
Big Banks Sue Fed Over Annual Stress Tests
In the United States, a group of banks and business groups are suing the Federal Reserve as part of an annual banking stress test.
S&P 500 Rises 1% on Christmas Eve
In the United States, the stock market experienced an upward dynamic on Christmas Eve.
Retailer Party City Files for Bankruptcy
Retailer Party City, which has been facing difficulties since the coronavirus pandemic, filed for Chapter 11 bankruptcy protection in the United States last weekend for the second time in two years.
Nordstrom to Go Private
Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.
Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut
Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.
China Keeps Benchmark Lending Rates Steady
Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.
Wells Fargo Leaves Climate-Banking Group
Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.
Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
Bank of England Holds Rates
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
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