Economy – Extremalby

Economy

EU growth forecast cut as war in Ukraine fuels inflation | European Union

The growth prospects for the EU have been revised sharply downwards after Russia’s invasion of Ukraine put paid to hopes of a strong and sustained recovery from Covid-19 over the next two years. Rocketing energy prices as a result of the conflict have pushed up inflation and increased economic headwinds during a period when they …

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Premarket stocks: The pandemic-era rally is now a distant memory for some stocks

Premarket stocks: The pandemic-era rally is now a distant memory for some stocks

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business — US banks had a stellar run in late 2020 and 2021. Stocks in …

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Gdp-Gross Domestic Product. Business concept

Goldman cuts US GDP forecast as financial conditions tighten (NYSEARCA:SPY)

Andranik Hakobyan/iStock via Getty Images Goldman Sachs is lowering its expectations for the US economy, while boosting its jobless forecast. Goldman now expects GDP annual growth of 2.4% in 2022, down from 2.6%, with 2023 growth of 1.6%, down from 2.2%. “Since we introduced our framework, our FCI has tightened by over 100bps and the …

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The crazy housing market is slowing but it's still out of reach for many buyers

The crazy housing market is slowing but it’s still out of reach for many buyers

The red-hot housing market is starting to cool this spring, after nearly two years of soaring prices and shrinking inventories. Why it matters: Homebuyers and renters who’ve been struggling to find an affordable place to live will have more choices and fewer bidding wars — if only just a little. What’s happening: The supply of …

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Trump partially restricts himself from using Twitter

Trump partially restricts himself from using Twitter

Former President Trump plans to partially restrict himself from using Twitter, according to a new federal securities filing from the blank check company taking his social network, Truth Social, public. Why it matters: Trump previously said he wouldn’t return to Twitter, even if reinstated by Elon Musk, but many believe it’s a hollow promise. What …

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