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Bloomberg Economics

@economics

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@economics
Bloomberg Economics
4 years
BREAKING: China says it will cut import tariffs for goods including frozen pork, pharmaceuticals, paper products and some high-tech components starting from Jan. 1, according to a statement from the Ministry of Finance
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@economics
Bloomberg Economics
3 months
Pakistan’s government under Nawaz Sharif’s party had the best performance in managing the economy over the past three decades compared with rivals, according to Bloomberg Economics
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@economics
Bloomberg Economics
3 years
China's central bank injects 120 billion yuan ($18.6 billion) into the banking system after concern over a debt crisis at Evergrande roiled global markets
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@economics
Bloomberg Economics
4 months
A Turkish football match in Riyadh was canceled after players weren't allowed to take the field wearing T-shirts with their country’s secular founding leader Ataturk’s photo
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@economics
Bloomberg Economics
5 years
Trump’s trade chief lectures his boss and gets an earful in return
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@economics
Bloomberg Economics
6 months
King Charles announces that UK Prime Minister Rishi Sunak's government will "continue to take action... to ease the cost of living for families"
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@economics
Bloomberg Economics
10 days
Spain’s Pedro Sanchez is giving the country five days to think about what life would be like without him
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@economics
Bloomberg Economics
5 years
BREAKING: U.S. adds 128,000 jobs in October, well surpassing expectations of 85,000
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@economics
Bloomberg Economics
5 years
JUST IN: Donald Trump has been privately testing the idea of replacing his chief of staff, Mick Mulvaney with Treasury Secretary Mnuchin or Kellyanne Conway
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@economics
Bloomberg Economics
2 years
China has overtaken the US as the foreign power seen as having the biggest positive influence in Africa by young people, according to a survey
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@economics
Bloomberg Economics
4 years
BREAKING: The U.S. economy shrank at a record 32.9% pace in the second quarter, its sharpest downturn since at least the 1940s
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@economics
Bloomberg Economics
3 years
“The industry is aghast." Biden's early climate blitz is going faster and further than expected, leaving oil executives stunned.
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@economics
Bloomberg Economics
1 year
Improved security in El Salvador following the government’s crackdown on gangs could eventually boost investment as firms and consumers gain confidence, according to Moody’s
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@economics
Bloomberg Economics
5 years
Policy by tantrum doesn't work, says former ambassador Arturo Sarukhan of Trump's tariff threat to Mexico
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@economics
Bloomberg Economics
5 years
More fires now burning in Angola, Congo than the Amazon
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@economics
Bloomberg Economics
3 years
Senator Joe Manchin, a key moderate Democrat from West Virginia, says he’ll vote to begin the process of passing a stimulus bill using the budget process, though he opposes raising the U.S. minimum-wage to $15 as proposed in Biden’s $1.9 trillion plan
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@economics
Bloomberg Economics
4 years
This year’s winner of the Nobel prize for economics says, “You don’t boost growth by cutting taxes, you do that by giving money to people”
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@economics
Bloomberg Economics
9 months
In a two-hour interview, Argentina's Javier Milei vowed to slash government spending, shutter the central bank, replace the beleaguered peso with the US dollar and restore credibility to the famously unstable economy
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@economics
Bloomberg Economics
5 years
Nigeria hasn’t released official unemployment data for more than a year because of a lack of money at the statistics office
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@economics
Bloomberg Economics
2 years
Polish central bank Governor Adam Glapinski was caught on camera telling a woman how best to take advantage of the country’s mortgage “holiday,” and suggesting that interest rates may rise only once more, if at all
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@economics
Bloomberg Economics
5 years
U.S. consumer confidence is at its highest level in 19 years
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@economics
Bloomberg Economics
6 years
This is America's richest zip code
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@economics
Bloomberg Economics
2 years
BREAKING: The Fed signals it will start raising interest rates “soon," moving toward ending ultra-easy pandemic support to fight inflation
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@economics
Bloomberg Economics
5 years
Billionaires Elon Musk and Jack Ma say the biggest problem the world will face is a "population collapse"
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@economics
Bloomberg Economics
4 years
BREAKING: IMF says the "Great Lockdown" recession will likely be the worst since the Great Depression
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@economics
Bloomberg Economics
4 years
The biggest fan of Trump’s steel tariffs is suing over them
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@economics
Bloomberg Economics
2 years
BREAKING: The Federal Reserve raises interest rates by 50 basis points, its biggest hike since 2000
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@economics
Bloomberg Economics
5 years
Former Chair Janet Yellen says Trump doesn’t understand what the Fed does and probably could not name its 2 primary goals
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@economics
Bloomberg Economics
4 years
It's not Kinshasa or Caracas yet. But Hong Kong is slipping further away from the stability that defines a global financial center, @ClaraDFMarques writes (via @bopinion )
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@economics
Bloomberg Economics
6 years
JUST IN: U.S. GDP growth hits 4.1% in Q2—the fastest since 2014
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@economics
Bloomberg Economics
4 years
The stakes are higher in Beijing, where the country’s business and political elite reside, and an aggressive lockdown risks undoing China’s economic re-opening and nascent moves to restart travel with other countries
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@economics
Bloomberg Economics
4 years
BREAKING: The Trump administration plans to restrict the news media’s ability to prepare advance stories on market-moving economic data, in a move that could create a logjam in accessing figures such as the monthly jobs report
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@economics
Bloomberg Economics
3 years
BREAKING: The Fed said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation
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@economics
Bloomberg Economics
2 years
From selling your car to forgoing chemotherapy for your dog, @tghilarducci has tips on how to beat inflation (via @bopinion )
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@economics
Bloomberg Economics
29 days
Elon Musk said he will lift restrictions imposed on some X accounts in Brazil, even if the move leads to the closing of the social media platform in the country
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@economics
Bloomberg Economics
1 year
Indonesian President Joko Widodo says his nation won’t follow a purely open economic model that he blamed for undercutting Latin America’s growth prospects for decades
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@economics
Bloomberg Economics
3 years
Japan and China are racing to build a new type of ultra-fast, levitating train, seeking to demonstrate their mastery over a technology with big export potential
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@economics
Bloomberg Economics
3 years
BREAKING: Jerome Powell says the Fed could begin tapering bond purchases this year, though it won’t be in a hurry to begin raising interest rates after that
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@economics
Bloomberg Economics
4 years
BREAKING: The Fed left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic
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@economics
Bloomberg Economics
5 years
Brazil unveils details of bold $312 billion pension plan
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@economics
Bloomberg Economics
2 years
BlackRock Vice Chairman Philipp Hildebrand tells @flacqua that central banks will have to live with higher inflation because the cost to the economy will be too great if they raise interest rates too much
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@economics
Bloomberg Economics
2 years
U.S. stocks surge after Fed signals it will start raising interest rates "soon"
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@economics
Bloomberg Economics
6 years
Americans are making less money despite Trump’s promises
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@economics
Bloomberg Economics
4 years
BREAKING: The Fed has held rates near zero and sees zero rates through 2022. It warned that the coronavirus pandemic still is a considerable risk to the economy
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@economics
Bloomberg Economics
3 years
DEVELOPING: The Federal Reserve’s system for interbank payments went down Wednesday afternoon. The latest:
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@economics
Bloomberg Economics
1 year
Senator Elizabeth Warren says about 2 million people will lose their jobs as a result of the Fed’s anticipated monetary tightening. She asked Jerome Powell to explain why these people must lose their jobs as part of the effort to bring down inflation
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@economics
Bloomberg Economics
4 years
Supply Lines: Maker of Purell hand-sanitizer denied tariff relief by Trump (via @jendeben )
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@economics
Bloomberg Economics
2 years
BREAKING: Fed hikes interest rate by 25 basis points as expected
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@economics
Bloomberg Economics
4 years
Massive job losses across the U.S. raise the possibility that millions could lose health coverage during a global crisis
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@economics
Bloomberg Economics
4 years
Britain's 20.4% GDP contraction exceeded the 18.5% recorded in Spain, the worst-performing country in the EU
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@economics
Bloomberg Economics
3 years
BREAKING: Federal Reserve officials continued to project near-zero interest rates at least through 2023 and held rates during the March policy meeting
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@economics
Bloomberg Economics
3 years
BREAKING: Fed officials held interest rates near zero but signaled they expect two increases by the end of 2023, pulling forward the date of liftoff as the economy recovers
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@economics
Bloomberg Economics
3 years
Hong Kong homeowners may sell as much as $19.3 billion worth of property this year when residents emigrate to the UK
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@economics
Bloomberg Economics
3 years
An army of robots that can fill a grocery order in a few minutes: Kroger's secret weapon against Amazon
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@economics
Bloomberg Economics
3 years
The Chinese economy is set to overtake the U.S. faster than previously anticipated
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@economics
Bloomberg Economics
5 years
Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help
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@economics
Bloomberg Economics
2 years
BREAKING: The Fed raises its main interest rate by 75 basis points, the largest increase since 1994
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@economics
Bloomberg Economics
4 years
Raphael Bostic, the first Black president in Federal Reserve history, says policymakers need to speak out against racism and take action to create more opportunities
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@economics
Bloomberg Economics
4 years
The EU plans to remove Canada, Tunisia and Georgia from its list of countries whose residents can visit the bloc, while opening up to Singapore. The U.S. remains banned.
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@economics
Bloomberg Economics
4 years
BREAKING: U.S. adds 225,000 jobs in January, wages accelerate
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@economics
Bloomberg Economics
4 years
The IMF calls on Mexico to implement short-term fiscal and monetary support to “limit the damage from the pandemic” and secure a faster economic recovery
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@economics
Bloomberg Economics
2 years
NEW: Around the world, people are quitting their jobs, opting out and questioning the relentless pursuit of wealth. It’s been brewing for a while. Read The Big Take ⬇️
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@economics
Bloomberg Economics
3 years
BREAKING: The U.S. added 379,000 jobs in February. The unemployment rate falls to 6.2% from 6.3%
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@economics
Bloomberg Economics
4 years
Immigrants from countries such as India tend to do well in the U.S. @Noahpinion says research points to one critical factor (via @bopinion )
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@economics
Bloomberg Economics
5 years
BREAKING: The Federal Reserve cuts interest rates 25 basis points and ends the reduction of its balance sheet now — two months early. It also signaled the potential for more cuts
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@economics
Bloomberg Economics
3 years
Peru’s finance minister wants to retain the central bank president after the two men spoke, and said he’s been given room by the new government to implement his economic policies.
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@economics
Bloomberg Economics
5 years
China is not interested in talking with the U.S. now, says state media
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@economics
Bloomberg Economics
3 years
The lengthening of the work day observed as many began working from home last year has become the new normal in many countries (via @lucy_meakin )
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@economics
Bloomberg Economics
3 years
BREAKING: The Senate fails to advance Judy Shelton's nomination to the Federal Reserve Board, a blow to President Trump’s drive to reshape the U.S. central bank before he leaves office
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@economics
Bloomberg Economics
7 years
Not even the Great Depression or two world wars produced a period of falling real wages in the U.K. like the present
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@economics
Bloomberg Economics
4 years
THREAD: The guardians of the world economy will come together this week to survey a global picture that’s been turned on its head in the space of a few months
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@economics
Bloomberg Economics
3 years
BREAKING: The U.S. adds 638,000 jobs in October and the unemployment rate falls to 6.9%
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@economics
Bloomberg Economics
6 years
JUST IN: U.S. adds 201,000 jobs while wage gains accelerate to 2.9% in August
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@economics
Bloomberg Economics
4 years
A lesson from the Spanish flu: Don't end restrictions too soon. New research from Harvard's Robert Barro says shutdowns need to last about 12 weeks to save lives (via @PeterCoy )
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