Thursday, December 26

Tag: economic performance

Spanish Inflation Holds Steady in December
29Dec By adminNo Comments
World

Spanish Inflation Holds Steady in December

The rate of annual inflation in Spain held steady in December, keeping price rises stable but above the wider eurozone average.The country’s consumer-price index rose by 3.3% on a yearly basis, the same rate as a month earlier, according to figures set out Friday by national statistics agency INE. The rate is harmonized to European Union standards and was in line with the expectations of economists polled by FactSet.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China Central Bank to Help Boost Consumer Prices Amid Deflation Risks
29Dec By adminNo Comments
World

China Central Bank to Help Boost Consumer Prices Amid Deflation Risks

Dec. 29, 2023 1:20 am ET|WSJ ProChina’s central bank has vowed to boost consumer prices as the world’s second-largest economy is battered by tepid demand and weakening confidence.The People’s Bank of China said it would “promote price recovery from low levels and keep prices at reasonable levels,” according to a statement released late Thursday summarizing the central bank’s fourth-quarter monetary policy meeting.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Soft Landing Talk Prompts 1990s Flashbacks
28Dec By adminNo Comments
Money

Soft Landing Talk Prompts 1990s Flashbacks

Updated Dec. 28, 2023 4:11 pm ETTalk of a soft landing for the U.S. economy has investors dreaming of a 1990s-style boom soon afterward. A lot would have to go right for that to happen, but it isn’t as outlandish as it sounds.Examples of the economy escaping a tightening cycle from the Federal Reserve without entering a recession are few. Some cite the Fed’s rate cuts in 2019, though it is impossible to know how that would have ended without the pandemic. The most frequently mentioned example is a series of rate hikes in 1994. They wreaked havoc on markets that year, but were soon followed by the dawn of a golden period for both Wall Street and Main Street.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
India’s Infrastructure Push Is Key to Taking on China
28Dec By adminNo Comments
Money

India’s Infrastructure Push Is Key to Taking on China

The coming few years will be a litmus test for India’s ambition to become a manufacturing hub rivaling China. A big question mark is how quickly it can build out the infrastructure it needs to really seize the opportunity. There have been signs of progress recently, but New Delhi’s cramped fiscal space means it needs to do more to entice private-sector investors, too.India is experiencing a manufacturing renaissance of sorts led by Apple and its Taiwanese suppliers—after decades of failed efforts. As recently as the fiscal year ended in March 2018, India was a importer of smartphones to the tune of more than $2 billion. Last fiscal year, India was a net exporter of $11 billion worth. About half of that was Apple products, according to investment bank Macquarie.Copyright ©2023 Dow Jones &a...
Read More
The Art of Asking Your Parents for Money
27Dec By adminNo Comments
Money

The Art of Asking Your Parents for Money

Listen to article(1 minute)WSJ’s Personal Finance team presents a series on how to fix your financial life in 2024. Up now: asking for money Hitting your parents up for cash as an adult can be awkward. But sometimes the best money move is to ask for help.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
How Can Spending Be Up When People Feel Down?
27Dec By adminNo Comments
Money

How Can Spending Be Up When People Feel Down?

Dec. 26, 2023 11:00 pm ETAccording to the Misery Index, Americans shouldn’t be all that miserable. But they might only recently have started to catch on.Invented by the economist Arthur Okun, the Misery Index is the simple summing of the unemployment rate and the inflation rate. It first rose to prominence in the 1976 presidential election, when Jimmy Carter highlighted its high level in his campaign to unseat President Gerald Ford. This came back to bite him: When President Carter was running for re-election against Ronald Reagan in 1980, the index was even higher.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Shoppers Kept Spending This Holiday Season
26Dec By adminNo Comments
World

Shoppers Kept Spending This Holiday Season

Updated Dec. 26, 2023 9:14 am ETShoppers opened their wallets this holiday season as they have for much of 2023, even crowding into shopping malls to scoop up last-minute holiday gifts and discounts in the days before Christmas.U.S. retail sales rose 3.1% from Nov. 1 through Dec. 24, according to Mastercard SpendingPulse, which measures sales in stores and online. The estimate, which isn’t adjusted for inflation, reflects a year marked by rising prices and a strong U.S. job market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China Looks Cheap—but It Has Burned Investors Before
26Dec By adminNo Comments
Money

China Looks Cheap—but It Has Burned Investors Before

Updated Dec. 26, 2023 12:04 am ETThe smartest strategy for investors in Chinese assets this year: Do something else.Sitting on cash was more profitable in 2023 than investing in Chinese shares, buying bonds sold by Chinese companies or betting on the performance of the yuan, the country’s currency. In many cases, even throwing away 5% or 10% of your cash would have been less costly.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China Looks Cheap—but It Has Burned Investors Before
26Dec By adminNo Comments
World

China Looks Cheap—but It Has Burned Investors Before

Dec. 25, 2023 11:00 pm ETThe smartest strategy for investors in Chinese assets this year: Do something else.Sitting on cash was more profitable in 2023 than investing in Chinese shares, buying bonds sold by Chinese companies or betting on the performance of the yuan, the country’s currency. In many cases, even throwing away 5% or 10% of your cash would have been less costly.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Where Did All the Money Go? The Villain in Your Transaction History
26Dec By adminNo Comments
Money

Where Did All the Money Go? The Villain in Your Transaction History

Listen to article(2 minutes)WSJ’s Personal Finance team presents a series on how to fix your financial life in 2024. First up: taking on lifestyle creep.Anyone trying to figure out why they are scraping by at the end of the year could safely pin part of the blame on inflation. Higher prices have made it easier than ever to miss that other sneaky cause of overspending: lifestyle creep. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More