Economy

Economy refers to the system by which a society produces, distributes, and consumes goods and services. It encompasses all the activities related to the production, distribution, and consumption of goods and services, including the ways in which resources are allocated, prices are determined, and income is distributed.

The economy can be divided into different sectors, including the primary sector (agriculture, fishing, and mining), the secondary sector (manufacturing and construction), and the tertiary sector (services such as healthcare, education, and finance).

Fed’s Inflation Gauge Shows Improvement in March, as Pace of Price Increases Slows

April 28, 2023 Mark Paul Cervantes Comments Off

The Federal Reserve’s favored inflation measure rose 0.1% in March, a slower pace than in February and matching expectations, the Bureau of Economic Analysis reported on Friday. The core personal consumption expenditures price index that […]

Decline in inventories restrains U.S. economic growth in first quarter

April 27, 2023 Mark Paul Cervantes Comments Off

WASHINGTON, April 27 (Reuters) – U.S. economic growth slowed more than expected in the first quarter as an acceleration in consumer spending was offset by businesses cutting back on inventory investment in anticipation of weaker […]

Vanguard: The housing market downturn is ‘why we view a mild U.S. recession in 2023 as most likely’

April 27, 2023 Mark Paul Cervantes Comments Off

History tells us that the Federal Reserve’s inflation-fighting playbook starts with the U.S. housing market. It goes like this. The central bank begins by applying upward pressure on mortgage rates. Soon afterwards, home sales fall and […]

U.S. economy grew at weak 1.1% rate in Q1 in sign of slowdown

April 27, 2023 Mark Paul Cervantes Comments Off

WASHINGTON (AP) — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. Thursday’s estimate from […]

Real estate billionaire Sam Zell warns that sky-high prices aren’t going away anytime soon, says the Fed ‘screwed up’ — here are 3 real assets to help protect your wealth

April 26, 2023 Mark Paul Cervantes Comments Off

With headline inflation figures coming down and a strong labor market, some believe that the U.S. economy could be on its way back up. But billionaire investor Sam Zell doesn’t share that optimism. “When you […]

First Republic Bank shares plummet day after hitting record low

April 26, 2023 Mark Paul Cervantes Comments Off

April 26 (Reuters) – First Republic Bank’s (FRC.N) shares fell nearly 10% in premarket trading on Wednesday as analysts highlighted concerns about the troubled lender’s plans to turn around its business. The company’s shares were last trading […]

Companies’ Cost Inflation Is Slowing but Shoppers May Wait for Lower Prices

April 26, 2023 Mark Paul Cervantes Comments Off

LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from instant noodles to soap and ice cream, are paying less for their raw materials and energy, but it may take time before shoppers see […]

Investors flock to one-month bills on U.S. debt ceiling jitters, shun others

April 25, 2023 Mark Paul Cervantes Comments Off

(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others as they seek out low […]

Commercial Real Estate Loans in Core Europe Face $55 Billion Funding Gap, Report Says

April 25, 2023 Mark Paul Cervantes Comments Off

LONDON (Reuters) – Around one in five loans backing commercial real estate (CRE) in Britain, France and Germany that fall due between now and 2025 are likely to face refinancing challenges given higher interest rates, […]

US banks are fretting over falling commercial real-estate valuations as higher interest rates and a credit squeeze bite, top executives say

April 25, 2023 Mark Paul Cervantes Comments Off

US banks are getting increasingly stressed about tumbling commercial real-estate valuations and what that means for their balance sheets, top executives have said, per the Financial Times. Arkansas-based Bank OZK, with a sizable exposure to the […]