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World Bank Slashes Global Growth Forecast To Lowest Since 1960s Amid Trump Tariffs: 'If The Right Policy Actions Are Taken...'
Wednesday, June 11, 2025 - 4:33am | 1082The World Bank has significantly reduced its 2025 global growth forecast, pointing to the escalating trade tensions and policy uncertainty, particularly due to the wide-ranging tariffs imposed by U.S. President Donald Trump. What Happened: The World Bank’s latest economic prospects...
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Elon Musk Reacts To Cathie Wood's Bold GDP Growth Prediction Due To Disruptive Innovation: 'Wow'
Friday, March 22, 2024 - 10:30am | 612Elon Musk reacted to Cathie Wood‘s forecast for accelerated global GDP growth driven by disruptive innovation. What Happened: On Friday, Musk acknowledged Wood’s optimistic projection about the future of disruptive innovation. Wood, through her firm ARK Invest, predicts a significant...
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US GDP Growth In Q3 Tops Expectations, Highest Since Q4 2021
Wednesday, November 29, 2023 - 10:41am | 741The latest report from the Bureau of Economic Analysis reveals that the U.S. economy displayed robust growth in the third quarter of 2023, surpassing initial estimates and posting the strongest expansion since the fourth quarter of 2021. The second estimate indicates that the annualized GDP growth...
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US Debt Crisis: 3 Pathways To Regain Economic Stability
Monday, November 20, 2023 - 4:55pm | 854The U.S. has a debt problem. The relatively peaceful globalized prosperity, which lasted for decades, might end. In such an increasingly fragmented environment, the demand for U.S. government debt is slowing while its size keeps growing. Per Economics 101, reduced demand typically drives up prices...
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US Q3 GDP Preview: Here's What Goldman Sachs, Atlanta Fed Expect
Wednesday, October 25, 2023 - 12:35pm | 916The Bureau of Economic Analysis (BEA) is preparing to release its third-quarter advance estimates for the U.S. gross domestic product (GDP) on Thursday. The U.S. is poised to showcase its most robust economic growth rate in years. The latest data is in stark contrast to views and recession fears...
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US Economy Grows By 2.1% In Q2, Lower-Than-Expected Initial Claims Signal Tight Job Market
Thursday, September 28, 2023 - 10:03am | 557Thursday’s economic data featured notable highlights: a 2.1% annualized growth rate for the U.S. economy in the second quarter of the year and a lower-than-expected increase in jobless claims from the prior week, which held close to a nine-month low. Treasury yields continued to rise further...
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'Soft Landing': Why Goldman Sachs Says The US Is More Likely To Avoid 2023 Recession
Tuesday, December 27, 2022 - 11:39am | 525While the consensus may be that the U.S. is in a recession or likely to enter one in 2023, one Wall Street firm is pumping the brakes on this call for the new year. What Happened: Recession has become a word used more and more by financial experts and company CEOs during this period of...
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GDP Growth Accelerated But Freight Conditions Weakened At The Start Of The Year
Friday, April 26, 2019 - 1:50pm | 933Growth in the U.S. economy improved 3.2 percent during the first quarter, but details related to freight demand suggest a weaker environment to start the year. GDP growth surprisingly picked up in the first quarter The Bureau of Economic Analysis (BEA) released results for first quarter gross...
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Warren Buffett Isn't 100% Convinced The Economy Grew 3%
Wednesday, August 30, 2017 - 1:15pm | 344The U.S. economy grew by 3 percent in the second quarter, which not only marks a major improvement from the original 2.6 percent growth figure last month, but represents the fastest pace of growth seen in two years. But billionaire investor Warren Buffett isn't 100 percent convinced this figure...
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Trump Could Achieve A Big Victory In Terms Of Tax Reform, Poll Says
Monday, August 14, 2017 - 8:51am | 325President Donald Trump could realize a major victory by introducing tax reform, according to a Bloomberg poll of 38 economists and experts. Among those surveyed, 29 expect Congress to pass a tax-cut legislation before November 2018. Also, the tax cut could result in an incremental 0.2 percentage...
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CEO: Corporate America Needs 'Red Carpet Not Red Tape'
Thursday, February 23, 2017 - 3:37pm | 376Andrew Liveris is the CEO of Dow Chemical Co (NYSE: DOW) and also leads President Donald Trump's manufacturing council. Speaking to CNBC's Sara Eisen on Thursday, Liveris explained why he believes Trump is leading the "most pro-business administration since the founding fathers." Liveris started...
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All-Star Lineup Of Economists Shares 2017 Outlook
Wednesday, January 4, 2017 - 1:26pm | 364Bloomberg's list of top-ranked economists offered their outlooks for 2017. Top-Ranked Analyst: Christophe Barraud Christophe Barraud, the chief economist at Market Securities, is Bloomberg's highest ranked overall economist. Barraud expects the U.S. economy to grow 2.5 percent to 3 percent in 2017...
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Federal Reserve Being 'Held Hostage' By Global Markets
Tuesday, October 4, 2016 - 11:25am | 269Robert Doll, Chief Equity Strategist and Senior Portfolio Manager at Nuveen Asset Management, was a guest on CNBC to explain why he believes the U.S. Federal Reserve is being "held hostage" by global markets. According to Doll, the current economic climate is characterized as a "...
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Here's Where You Should Put Your Money, Based On Your Risk Appetite
Monday, August 1, 2016 - 10:07am | 338Major U.S. equity indices rose throughout July, but at the same time, bonds have also performed well. According to analysts at Argus Research, for the first time in seven months, the Barclays U.S. Aggregate Bond Index gained 4.6 percent. The question many investors are now asking is what is the...
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3 Things The Market Is Focused On This Week
Monday, July 25, 2016 - 12:35pm | 438A new week full of earnings is ahead of us. Here is a look at what analysts at Argus Research are most focused on. Earnings, Earnings, Earnings Earnings season moves into to full force this week with many giants within the Energy, Industrial, Healthcare, Consumer and Technology segment...