Weibo, a social media platform in China, announced that it has suspended accounts of three economic analysts who, it claimed, were disseminating "negative and malicious" information about the country's economy, including data on unemployment and stock market conditions. One of China's most...

According to HSBC Asset Management, the U.S. will experience a slowdown in the fourth quarter, which will be followed by a "year of contraction and a European recession in 2024."   Recession indicators are "flashing red" for many economies, according to the asset manager of the British...

The Wall Street Journal reported on Tuesday, citing people with knowledge of the situation, that the US is exploring further limitations on the export of AI technology to China.   In extended trade, shares of Advanced Micro Devices (AMD) plummeted roughly 1.5% while those of Nvidia fell more...

With the help of Wall Street's elite, Bitcoin, the currency designed to challenge the financial system, has recovered from its illness of several weeks.   Over the past 11 days, the original cryptocurrency has increased 20% to two-month highs of $30,182 after BlackRock, the largest asset...

Aramco, the state-owned oil company of Saudi Arabia, is optimistic about the oil market for the remainder of 2023 because demand from the two largest importers, China and India, is anticipated to be high despite an anticipated worldwide slump.   “We believe that oil market fundamentals...

According to OPEC Secretary General Haitham al-Ghais, the demand for oil will reach 110 million barrels per day by 2045. He predicts a 23% increase in the global demand for energy resources by 2045. “Oil cannot be replaced for the foreseeable future. By 2045, the world's oil consumption would rise...

The EC: The European Union will provide farmers affected by Ukrainian grain supplies with €100 million. Member states of the European Union on Monday approved a €100 million aid plan for farmers in Bulgaria, Hungary, Poland, Romania, and Slovakia in response to the purchase of Ukrainian grain....

JPMorgan Chase analysts warned that the US economy may enter a recession in the last quarter of 2023 or the first quarter of 2024. "In the absence of preventive [monetary policy] easing from the Fed (while its expectations suggest two more [interest rate] hikes before year-end), we forecast a more...

In order to combat inflation, the Federal Reserve intends to maintain raising interest rates; hence, a rise in corporate default rates is likely in the near future.   The corporate default rate increased in May, an indication that American businesses are struggling with both the uncertain...