Economic events

President Joe Biden cheered the news of higher than expected GDP growth and slammed Republican plans to impose a national sales tax in a speech Thursday at a steamfitters union hall in Springfield, Va., his first major economic speech of…

DAVOS, Switzerland – The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, they said.The resilient U.S. economy, a…

According to JPMorgan, a full recovery in Australia's tourism will add 0.5 percentage points to its GDP and the return of international students from China will add another 0.4 percentage points.James D. Morgan | Getty Images Entertainment…

US House Majority Leader Steve Scalise, Republican of Louisiana, speaks alongside House Republican Conference Chair Representative Elise Stefanik (L), Republican of New York, as they speak during a press conference on Capitol Hill in…

President Joe Biden cheered news that a key indicator of inflation fell for the first time in more than two years, saying "it's clearer than ever" that his economic policies are working."This morning we have some good news," Biden said in a…

Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will reach its statutory debt limit next Thursday.After that, the Treasury Department this month will begin "taking certain extraordinary measures to prevent the…

The near $1.4 trillion collapse of the crypto market in 2022 didn't make a dent to traditional assets like stocks or to the real economy.But one academic has warned that the failure of a major stablecoin could have an impact on the U.S.…

The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.The international development institution downgraded almost all of its forecasts…

Russian President Vladimir Putin speaks during a news conference after a meeting of the State Council on youth policy in Moscow, Russia, December 22, 2022. Sergey Guneev | Sputnik | ReutersThe latest round of Western sanctions against…

U.S. President Joe Biden speaks about inflation at the White House in Washington, December 13, 2022.Kevin Lamarque | ReutersPresident Joe Biden on Tuesday celebrated the positive consumer price index report that showed inflation easing in…