economy and economic indicators – News VMH

McCarthy makes plea for Republicans to back debt ceiling plan | CNN Politics

[ad_1] CNN  —  Speaker Kevin McCarthy made a plea to House Republicans during a closed-door meeting Tuesday morning to back his debt ceiling plan, telling them that although it doesn’t have to include everything they want, it will help get him to the negotiating table with President Joe Biden. McCarthy also told members that once … Read more

China’s economy shakes off Covid legacy to grow 4.5% in Q1 | CNN Business

[ad_1] Hong Kong CNN  —  China’s economy got off to a solid start in 2023, as consumers went on a spending spree after three years of strict pandemic restrictions ended. Gross domestic product grew by 4.5% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat … Read more

Retail spending fell in March as consumers pull back | CNN Business

[ad_1] Washington, DC CNN  —  Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected … Read more

Britain’s pound is beating every other major currency this year | CNN Business

[ad_1] London CNN  —  The British pound crashed to a record low last fall as investors rebelled against budget plans by former Prime Minister Liz Truss. Now, it’s enjoying a comeback. Sterling hit its highest level against the US dollar in 10 months on Tuesday, topping $1.25 for the first time since June 2022. The … Read more

Rewakening the ‘inflation monster,’ OPEC+ moves to send US gas prices higher | CNN Business

[ad_1] New York CNN  —  OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May, running through the end of the year. The news … Read more

Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business

[ad_1] New York CNN  —  Twitter’s traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over. Musk addressed the change Monday afternoon, tweeting, “as promised” above an image of a year-old conversation in which another … Read more