Economic News and Analysis
Economic News
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BusinessBloombergStocks Fall After Pay Data Fuel Hawkish Fed Wagers: Markets Wrap
(Bloomberg) -- Stocks joined losses in bonds after a report showing surprisingly high labor costs reinforced speculation the Federal Reserve will be in no rush to cut interest rates.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Would Hurt Cease-Fire Cha
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BusinessAssociated Press FinanceEurope's economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease
Europe's economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent's biggest, started to show modest signs of life. The 20-country eurozone recorded its strongest performance since the third quarter of 2022 and improved on shrinkage of 0.1% in each of the last two quarters of 2023, according to official figures released Tuesday by the European Union's statistical agency Eurostat. The economy had been held back by high inflation that has sapped consumer purchasing power, and by an energy price spike related to Russia cutting off most supplies of natural gas.
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BusinessBloombergOil Recovers Near $83 With Focus on Middle East Cease-Fire
(Bloomberg) -- Oil clawed back some of its biggest drop in almost two weeks as traders weighed whether a possible cease-fire in the Middle East will help soothe political tensions in the region. Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Would Hurt C