U.S. Median Income Rises 4% in 2023, Reaches $80,610Economy

U.S. Median Income Rises 4% in 2023, Reaches $80,610

Quick Overview Income Recovery: U.S. median household income rose by 4% in 2023, returning to near pre-pandemic levels. Poverty Rates:…

Fed Needs Rate Cut Before 2024: Risks at Current 5.25-5.50%Economy

Fed Needs Rate Cut Before 2024: Risks at Current 5.25-5.50%

Key Points Fed’s Dual Mandate: The Fed must balance inflation control with employment support, focusing on labor market strength. Soft…

$16 Billion Lost: China’s Wealthiest Hit by Market CrashEconomy

$16 Billion Lost: China’s Wealthiest Hit by Market Crash

Quick Overview Massive Wealth Erosion: $16 billion lost by China’s wealthiest due to stock selloffs in Nongfu Spring and PDD…

Wholesale Prices Stabilise: A Sign of Economic Respite?Economy

Wholesale Prices Stabilise: A Sign of Economic Respite?

Quick Overview Wholesale Price Stability: After a spike in 2021-2022, wholesale prices have stabilized, indicating a potential easing of inflation.…

Dow Drops Over 1,000 Points in Monday Stocks MeltdownEconomy

Dow Drops Over 1,000 Points in Monday Stocks Meltdown

Quick Look: Dow dropped over 1,000 points, Nasdaq fell 3.4%, and S&P 500 declined nearly 3%. CBOE Volatility Index hit…

Eurozone Grows 0.3% in Q2 Amid Diverging EconomiesEconomy

Eurozone Grows 0.3% in Q2 Amid Diverging Economies

Quick Look: The eurozone grew by 0.3% in Q2, surpassing predictions but showing uneven performance across countries. Germany’s economy declined…

Venezuela Projects 4.2% Growth in 2024 Amid UncertaintiesEconomy

Venezuela Projects 4.2% Growth in 2024 Amid Uncertainties

Quick Look: Venezuela’s economy is projected to grow by 4.2% in 2024, primarily driven by trade and services. Despite sanctions,…

China’s Q2 Growth Slows to 4.7%, Below 5.3% TargetEconomy

China’s Q2 Growth Slows to 4.7%, Below 5.3% Target

Quick Look: China’s economy grew at 4.7% in Q2, below the expected 5.3%, reflecting ongoing recovery challenges. Weak consumer demand…

South Korea Inflation Drops to 2.4% in June 2023Economy

South Korea Inflation Drops to 2.4% in June 2023

Key Points: South Korea saw consumer inflation at 2.4%, down from 2.7% in May, surpassing expectations. June’s CPI experienced a…

Japan’s Economy: Q1 GDP Revised Down to -2.9%Economy

Japan’s Economy: Q1 GDP Revised Down to -2.9%

Key Points: Japan’s GDP for Q1 was revised from -1.8% to -2.9%, highlighting persistent economic challenges. A slight decline from…