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| April 21, 2019

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economy Archives -

China’s economy growth beat expectations in the first quarter

April 17, 2019 |

China’s economic performance unexpectedly held steady in the first three months of the year despite a tariff war with the U.S., as stimulus measures helped arrest a slowdown that’s rattled investors and cast doubt over global expansion.

Gross domestic product rose 6.4% in the first quarter from…

L.A. Times – Business

Fed officials expect to keep interest rates unchanged this year — unless economy shifts

April 11, 2019 |

A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed’s benchmark interest rate unchanged for the rest of this year.

But several officials said their view could shift in either direction based on new data, according to minutes…

L.A. Times – Business

Stocks tumble as fears about the U.S. and worldwide economy spread

March 22, 2019 |

Fears of a steeper slowdown in the global economy rattled financial markets Friday, sending stock prices sharply lower and bond prices higher as investors piled into safer securities.

The stock market has been climbing this year — and celebrated its historic, 10-year-bull rally two weeks ago —…

L.A. Times – Business

Jamie Dimon: We’ve ‘Bifurcated’ the Economy

March 19, 2019 |

There are two Americas, according to JPMorgan Chase CEO Jamie Dimon: In one, people are benefiting from corporations that are doing well. In the other, however, people are really struggling. “I don’t want to be a tone deaf CEO,” Dimon said, per CNBC , at the bank’s New York headquarters while…

Scooter start-up Bird ditches its gig economy mechanics

March 9, 2019 |

The scooter rental company Bird Rides Inc. has quietly begun abandoning its practice of paying independent contractors a per-vehicle rate to fix its scooters in several cities.

In late February, mechanics working in San Diego received an email saying their services would no longer be needed, and…

L.A. Times – Business

China lowers growth target and cuts taxes as economy slows

March 5, 2019 |

China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the U.S.

The gross domestic product growth target released Tuesday morning in Premier Li Keqiang’s annual…

L.A. Times – Business

Xi Jinping Stifles Dissent Amid Concerns About China’s Economy

March 5, 2019 |

President Xi Jinping, battling a persistent downturn in China’s economy, is trying to gird his rule by demanding absolute loyalty from the Communist Party in an effort to stifle simmering dissent. What’s News Asia

OECD Sees Further Slowdown in Global Economy This Year

February 11, 2019 |

The U.S. and many other large economies are set for a further slowdown this year, although there are signs of stabilization in China, according to leading indicators released by the OECD. What’s News Europe

Draghi Says Eurozone Economy Weaker Than Expected

February 8, 2019 |

European Central Bank President Mario Draghi said the bloc’s economy was weakening unexpectedly amid rising headwinds originating outside the currency union, including an economic slowdown in China. What’s News Europe

Europe’s Economy Starts 2019 With a Whimper

February 6, 2019 |

Europe’s flagging economy got off to a weak start in 2019, as Italy showed few signs of emerging from recession and the uncertainty around Britain’s exit from the European Union dragged on U.K. growth. What’s News Europe