China producer prices turn negative in warning sign for global economy

China producer prices turn negative in warning sign for global economy

SINGAPORE – Prices charged by Chinese companies at the factory gate registered their first annual decline in nearly two years, another depressing signal for the global economy, as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods. Chinese producer prices fell 1.3% in October from a year earlier, the National … Read more

Disney shows the limits of streaming

Disney shows the limits of streaming

The streaming form may be wearing thin in the Magic Kingdom. Disney DIS -0.53% said Tuesday afternoon that it added 12.1 million net new subscribers to its flagship Disney+ streaming service during its fiscal fourth quarter. That was 36% more than analysts had expected, and this time Disney didn’t rely entirely on growth from regions … Read more

Stock futures rise to start busy week with intermediate futures, inflation data

Stock futures rise to start busy week with intermediate futures, inflation data

Stock futures rose ahead of a crowded week of corporate earnings, inflation data and midterm elections that could see a shift to Republican control of one or both houses of Congress. Futures tied to the S&P 500 rose 0.5% on Monday, while futures tied to the Dow Jones Industrial Average rose 0.5%. Contracts linked to … Read more

China’s exports are falling sharply as the global economy slows

China’s exports are falling sharply as the global economy slows

SINGAPORE – China’s exports to the rest of the world unexpectedly shrank in October, a sign that global trade is in sharp retreat as consumers and businesses cut spending in response to aggressive moves by central banks to tame inflation. The drop in exports from the world’s factory floor adds to the gloom surrounding the … Read more

The Contradictory Labor Market – WSJ

The Contradictory Labor Market – WSJ

Photo: BRIAN SNYDER/REUTERS The Labor Department reported Friday that the economy added 261,000 new jobs in October, beating Wall Street expectations. Upgrades for September added to evidence that the labor market is holding up despite rising interest rates. But hold the confetti. The labor market also showed the beginning of some cracks as the unemployment … Read more

Jobs report shows that wages rose by 261,000 in October

Jobs report shows that wages rose by 261,000 in October

US employers added 261,000 jobs in October, reflecting continued robustness in the labor market. Unemployment rose to 3.7 per cent. The figures come amidst signs that the labor market has cooled somewhat compared to the first half of the year, but is still strong. The overall economy, which grew by an annualized 2.6% in the … Read more

The Fed’s hard line on interest rates fuels the bond route

The Fed’s hard line on interest rates fuels the bond route

The Federal Reserve’s signals of more rate hikes ahead rattled financial markets again on Thursday, sending stocks lower and driving bond yields back near multi-year highs. Thursday’s decline extended losses that began after Fed Chairman Jerome Powell warned Wednesday afternoon that high inflation meant it was still too early to think about a pause in … Read more

The Fed’s hard line on interest rates fuels the bond route

The Fed’s hard line on interest rates fuels the bond route

The Federal Reserve’s signals of more rate hikes ahead rattled financial markets again on Thursday, sending stocks lower and driving bond yields back near multi-year highs. The drop extended losses that began after Fed Chairman Jerome Powell warned on Wednesday afternoon that high inflation meant it was still too early to think about a pause … Read more

To solve inflation, first solve deficits, goes the theory

To solve inflation, first solve deficits, goes the theory

US inflation and budget deficits are both uncomfortably high. These are usually seen as separate issues. Federal Reserve Chairman Jerome Powell says he will get inflation back to 2% regardless of what Congress and the president do with fiscal policy. But fiscal and monetary policy are not so easily separated. After all, fiscal stimulus had … Read more

Jerome Powell is not about to turn around – yet

Jerome Powell is not about to turn around – yet

Federal Reserve Chairman Jerome Powell Photo: Michael Reynolds/Shutterstock The cliché is that a central bank’s job is to take away the hole bowl, though usually not in 30 minutes. Yet that’s what happened on Wednesday, when Federal Reserve Chairman Jerome Powell explained at his news conference that he is indeed sticking to the anti-inflation course, … Read more