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

The Fed says it may raise rates at a slower pace, but the target is now 5% or higher

The Fed says it may raise rates at a slower pace, but the target is now 5% or higher

The Federal Reserve approved the fourth straight jumbo hike in a key US interest rate on Wednesday, signaling rates are likely to be higher than previously expected. The news of a higher terminal rate overshadowed more dovish comments from the central bank statement that it could move more slowly to better evaluate the effects on … Read more

The US spent half a trillion dollars last year alone to finance its mountain of debt

The US spent half a trillion dollars last year alone to finance its mountain of debt

New York CNN Business — The Federal Reserve’s war on inflation isn’t just painful for homebuyers and people with credit card debt. Uncle Sam is also being pressured by higher borrowing costs. The cost of financing America’s growing mountain of debt is rising rapidly as the Fed struggles to put out the inflationary fire by … Read more

The high cost of low US military spending

The high cost of low US military spending

Members of the U.S. Army participate in a NATO military exercise in Pabrade, Lithuania, Oct. 26. Photo: Mindaugas Kulbis/Associated Press Vladimir Putin has reminded us of a forgotten lesson from the Cold War: Deterrence is not just about preventing nuclear war. The US and its allies in the North Atlantic Treaty Organization failed to deter … Read more

China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. The official purchasing managers index for manufacturing fell to 49.2 from 50.1 in September, the National Bureau of Statistics said Monday. The result fell … Read more

The Deadly ‘De-Growth’ Craze – WSJ

The Deadly ‘De-Growth’ Craze – WSJ

The modern world is constantly subjected to crackpot movements that eventually fail, but not before causing serious damage. Karl Marx was a crackpot. So was the John Birch Society in its mission to fight communism “behind every tree.” The latest is Modern Monetary Theory and unlimited dollar creation for government spending, which caused today’s runaway … Read more

The Fed may have to blow up the economy to get inflation under control

The Fed may have to blow up the economy to get inflation under control

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register right here. New York CNN Business — The Federal Reserve is most likely to raise interest rates by three-quarters of a percentage point again on Wednesday, its fourth big increase in a row. And it … Read more

Another jumbo rate hike from the Fed is expected next week, and then life will be difficult for Powell

Another jumbo rate hike from the Fed is expected next week, and then life will be difficult for Powell

First the easy part. Economists widely expect the Federal Reserve to approve the fourth consecutive jumbo rate hike at its meeting next week. The three-quarters of a percentage point increase would bring the central bank’s benchmark interest rate up to a level of 3.75%-4%. “The November decision is a lock. Well, I’d be hit if … Read more

German economy shows surprising strength ahead of expected recession

German economy shows surprising strength ahead of expected recession

FRANKFURT—Germany’s economy grew modestly in the three months to September, showing surprising strength ahead of what economists expect will be a bleak period as the region’s households and businesses grapple with rising interest rates and prices fueled by Russia’s war in Ukraine . The fate of Europe’s largest economy and its traditional engine of growth … Read more