Tag Archives: economic

Google parent Alphabet Inc. GOOG -1.62% is expected to report strong sales growth despite global economic turmoil, propelled by digital advertising spending in its core search business. Rising inflation, supply chain disruptions, Russia’s war on Ukraine and other factors have weighed on the economic outlook and, analysts say, companies’ appetite to spend on ads. Snap… Source link

IDAHO — On April 13, Google released its Economic Impact Report for Idaho, sharing in a press release that it helped provide $1.11 billion of economic activity in 2021 for thousands of Idaho businesses, publishers, nonprofits, creators and developers who used Google products to increase their online presence and connect with the people and communities they serve. More than 119,000 Idaho… Source link

Russian President Vladimir Putin.Pool Sputnik, AP Andrei Illarionov, Putin’s former chief economic adviser, was interviewed by the BBC. He said Putin would likely halt the Ukraine war if the West stopped buying Russian oil and gas. Many Western nations remain heavily reliant on Russian energy exports. Vladimir Putin’s former chief economic adviser has suggested that Russia would halt military operations in Ukraine “within a month or two” if Western countries stopped buying Russian oil and gas. In… Source link

Seth Carpenter, Morgan Stanley chief economist and former Federal Reserve deputy director of monetary affairs, thinks there is no way around a sharp slowing of the economy as the Federal Reserve embarks deeper into its rate hiking cycle. “If you think about what the Fed itself thinks is the long-run sustainable growth rate of the economy, they think that rate of growth is below 2%. And so if you take a growth rate in the economy that’s above 5% or 6%, and you’re going to try to bring it down… Source link

Indexes extended their losses on Thursday as markets digested the latest Fed minutes, where Federal Reserve officials “generally agreed” to cut up to $95 billion a month from the central bank’s balance sheet to combat surging prices. In light of the Fed’s hawkish stance on inflation, CenterSquare Investment Management Chief Strategist Scott Crowe sees a sizable decline in economic growth levels ahead. “I think there is little doubt that we are at the beginnings of a significant… Source link

Russia’s invasion of Ukraine and penalizing sanctions against Moscow have roiled financial markets and wreaked havoc on global supply chains. And JPMorgan CEO Jamie Dimon thinks the worst is yet to come. Dimon warned in his closely-read annual letter to shareholders on Monday that Russia’s ongoing invasion of Ukraine is expected to meaningfully slow the U.S. and global economy. JPMorgan economists predict consequences from the war and resulting sanctions against Russia will reduce the… Source link

Chinese President Xi Jinping has urged the EU not to “tie the whole world” to the crisis in Ukraine and warned it could take decades to repair the economic damage. In a virtual summit with European Union leaders on Friday, Xi told European Commission President Ursula von der Leyen and European Council President Charles Michel that the crisis must be “properly handled”. “Many people are very worried that the current situation may destroy the achievements of decades of international economic… Source link

U.S. equity futures were near breakeven in premarket trading Monday as investors prepare for a busy week rife with key economic data that could position the Federal Reserve to act more aggressively on plans to raise interest rates. Futures tied to the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 were mostly flat ahead of the open after all three major benchmarks registered their second straight week of gains on Friday to close at one-month highs. Meanwhile, bond yields… Source link

Matti/Pexels Sanctions On Russia Go To Eleven  In our previous post (Russia’s Invasion of Ukraine: Risks and Opportunities), we wrote that one reason U.S. markets bounced after Russia’s invasion of Ukraine was that Russia’s invasion didn’t lead to war with NATO, and the West hasn’t so far resorted to nuclear-level sanctions against Russia, such as removing it from SWIFT or boycotting its energy exports. But we cautioned that a couple of big outstanding risks remained. First,… Source link

In addition to the severe sanctions that Joe Biden has promised, the White House says it’s ready to deploy another economic weapon if Vladimir Putin goes ahead with his planned invasion of Ukraine. That weapon, the Export Administration Regulations (EAR), allows the Biden administration to ban foreign and domestic companies from exporting products like high-tech semiconductors to Russia. Many questions remain about how effective the rule would be at penalizing Russia. However, the U.S. has… Source link