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News Headlines
China’s Industrial Profit Gains Dip in Sign of Economic Weakness bloomberg.com
The increase in China’s industrial profits softened for the first time since November, suggesting that strong exports and price gains failed to offset the drag from tepid domestic demand.
Source: bloomberg.com
China industrial profits stay resilient as economy leans on factories, exports reuters.com
China’s industrial profits grew more slowly though still at a double-digit pace in May, highlighting a widening divide in an economy leaning on factory output and overseas shipments to counter soft domestic demand.
Source: reuters.com
World Cup Delivers Early Economic Boost For Host Cities forbes.com
For now, early numbers suggest the tournament is accomplishing one of its most anticipated off-the-field objectives.
Source: forbes.com
The Cost of the Crackdown: How Trump’s immigration enforcement affects Oregon katu.com
Trump’s immigration crackdown is rippling through Oregon’s economy. State data shows a 265% jump in federal requests, and the chief economist says retail, hospitality, construction and more are already seeing shifts.
Source: katu.com
Just how much trouble is Canada’s economy in? bbc.com
Five charts help illustrate the state of Canada’s economy – and how it’s performing compared to other wealthy nations.
Source: bbc.com
What if the economy gets better and it doesn’t help the GOP?: From the Politics Desk nbcnews.com
‘Tit-for-tat’ trade warfare threatens global economy, says IMF chief economist ft.com
Pierre-Olivier Gourinchas, who is leaving the fund, warns attempts to gain small advantages will be ‘self-defeating’
Source: ft.com
S&P Affirms ‘AA+’ Credit Rating for US, Cites Economic Resilience usnews.com
June 26 – S&P Global affirmed its “AA+” credit rating for the U.S. on Friday, saying the economy’s resilience supported solid fiscal revenue collection. “Broad revenue buoyancy, including solid tariff income, should help mitigate the risk of fiscal slippage,” it said in a statement. S&P …
Source: usnews.com
S&P affirms ‘AA+’ credit rating for US, cites economic resilience reuters.com
S&P Global affirmed its “AA+” credit rating for the U.S. on Friday, saying the economy’s resilience supported solid fiscal revenue collection.
Source: reuters.com
Outgoing IMF chief economist sees risks, shifting trade ties and continued uncertainty on global outlook reuters.com
Strategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside risks if a fragile ceasefire between the U.S. and Iran doesn’t hold, IMF chief economist Pierre-Olivier Gourinchas said on Friday.
Source: reuters.com
I paid $500 for a red-eye flight in Delta’s basic economy, worth it businessinsider.com
I booked a $500 Delta basic economy ticket for a red-eye flight from San Francisco to New York City, and I’d take it again in a heartbeat.
Source: businessinsider.com
Americans Are Feeling Better About the Economy, Consumer Survey Shows nytimes.com
Consumer sentiment rose in recent weeks after plummeting early this year as energy costs soared.
Source: nytimes.com
Gavin Newsom calls for national billionaires tax: ‘It’s time for an economic reset’ cnbc.com
California Gov. Gavin Newsom said he supports imposing “a true minimum tax on billionaires” and closing “tax-free lifestyle loan” loopholes for the rich.
Source: cnbc.com
Chicago arts economy generates $50B, report finds axios.com
A new report says the creative sector supports 210,000 Chicago jobs and billions in tax revenue.
Source: axios.com
With cracks showing in Washington economy, Ferguson forms new council to look for fixes opb.org
Gov. Bob Ferguson on Thursday signed an executive order creating a 26-person panel to advise him on how to keep the state competitive.
Source: opb.org