Posts tagged recession
Dow drops the most in a month after US airstrike on Iran’s top military leader spooks investors
Dow drops the most in a month after US airstrike on Iran’s top military leader spooks investors

Stocks fell on Friday after the U.S. confirmed that an airstrike killed Iran’s top military commander, sending oil prices surging and ratcheting up geopolitical concerns.

The Dow Jones Industrial Average closed 233.92 points lower, or 0.6% at 28,634.88 and posted its biggest one-day loss since early December. The S&P 500 also had its worst day in a month, sliding 0.7% to 3,234.85. The Nasdaq Composite dropped 0.8% to 9,020.77. The Dow briefly dropped more than 360 points at the open. The major averages recovered some ground later in the session as oil prices came off their lows.

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EconomyDefoeswar, economy, recession, security
How has Brexit vote affected UK economy?
How has Brexit vote affected UK economy?

The pound has risen sharply over the past month as currency traders in the City of London bet that an election victory for Boris Johnson’s Conservatives would lift some of the intense political uncertainty facing Britain. Sterling jumped by more than two cents against the US dollar and the euro after exit polls indicated a Tory majority.

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EconomyDefoesuk, economy, recession
UK economy faces weakest growth outside recession since second world war
UK economy faces weakest growth outside recession since second world war

The British economy is on track for the weakest year outside a recession since the second world war, as political turmoil and Brexit uncertainty dragged down growth, a Guardian analysis reveals.

At the end of a turbulent year and following Boris Johnson’s election victory, surveys of business activity suggest economic growth in the final three months of 2019 has essentially stalled. The jobs market is showing signs of stress and public borrowing is steadily rising again after a decade of improvement.

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EconomyDefoesuk, economy, recession
Wealthy investors double up on fear that another market drop is coming
Wealthy investors double up on fear that another market drop is coming

The Dow Jones Industrial Average is only about 2% from a record high, but confidence is hard to come by when wealthy investors are asked about the future direction for the market. The percentage of the affluent investors who expect a stock market decline to be booked in the fourth quarter has doubled, according to a survey conducted by E-Trade Financial this month.

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WealthDefoeswealth, wealth preservation, stock news, stock market, stocks, recession, investments
Singapore’s economy dodges technical recession after growing 0.6% in the third quarter
Singapore’s economy dodges technical recession after growing 0.6% in the third quarter

Singapore’s economy — often seen as a bellwether for global growth — avoided a technical recession after growing by 0.6% in the third quarter, compared to the previous three months.

That quarter-on-quarter expansion marked a reversal from the revised 2.7% decline in the April-to-June period, official advance estimates by the Ministry of Trade and Industry showed on Monday. On a year-on-year basis, Singapore’s economy grew 0.1% in the third quarter.

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EconomyDefoeseconomy, recession, finance