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By Bing Hong Lok SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists’ forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – was lower than the … Read more
(Bloomberg) — Mary Daly was a young economist at the Federal Reserve Bank of San Francisco in the late 1990s when she helped then-Chair Alan Greenspan identify the last great surge in US productivity. She’s starting to think it’s happening again, driven this time by artificial intelligence. Most Read from Bloomberg “We’re seeing it everywhere,” … Read more
LONDON (AP) — The British economy flatlined in the third quarter of the year, according to downwardly revised official figures Monday, in another blow to the new Labour government that has made growth its number one mission. In its latest revision of the July to September period, the Office for National Statistics said the British … Read more
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform. The changing of … Read more
(Bloomberg) — Brazil economists raised their forecasts for inflation and borrowing costs in 2025 after central bankers reinforced their commitment to extend large interest rate hikes into early next year. Most Read from Bloomberg The benchmark Selic will rise to 15% by June of 2025, according to a weekly central bank survey of economists published … Read more
For the last two weeks, the sports-media cognoscenti have gotten themselves all worked up about the NBA’s TV ratings, divining disaster from a few desultory sniffs through the early-season results. For some, the declines were symptomatic of a greater disorder originating from within the league itself, something egregious enough to effectively drive a fifth of … Read more
WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and … Read more
There is plenty of maneuvering in the standings to come in the final two weeks of the 2024 NFL regular season. Let’s start with the last game of Saturday’s NFL tripleheader and its postseason implications. The Los Angeles Rams can wrap up the NFC West via the strength of victory tiebreaker against the Seattle Seahawks … Read more
After last Sunday’s win over the 49ers, Dolphins wide receiver Tyreek Hill said that a couple of dropped passes in the game could be attributed to not having enough practice reps with quarterback Tua Tagovailoa this season. Hill’s comment made sense because he’s missed practice time with a wrist injury that has kept him on … Read more
(Bloomberg) — Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve. Most Read from Bloomberg The central bank in charge of protecting the world’s largest economy is “absurdly overstaffed,” Musk wrote on social-media platform X. The remarks were part of a thread that … Read more