China’s economy unexpectedly loses steam; Beijing warns of ‘severe’ global risks

China’s economy unexpectedly loses steam; Beijing warns of ‘severe’ global risks

The risk for Chinese economy is that strong exports may no longer be enough to offset weakness at home. Driving the newsChina’s economy has unexpectedly staggered into the second quarter. Factories slowed, consumers pulled back and investment unexpectedly shrank, delivering one of the clearest signs yet that Beijing’s recovery is being squeezed from both sides:…

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US labour market stumbles in November: Small businesses lead sharp job losses, raising red flags for economy – The Times of India

US labour market stumbles in November: Small businesses lead sharp job losses, raising red flags for economy – The Times of India

According to the November ADP report, US job market is in a not-so-good situation The November jobs report was meant to provide clarity. Instead, it delivered a jolt. What economists expected to be a month of modest expansion, 40,000 new private-sector jobs, turned sharply negative as payrolls fell by 32,000, according to new data from…

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US stock market today: Wall Street futures dip as tech slide deepens; Nasdaq set for biggest weekly drop since March – The Times of India

US stock market today: Wall Street futures dip as tech slide deepens; Nasdaq set for biggest weekly drop since March – The Times of India

US stock futures edged lower on Friday, setting the stage for a rough weekly finish as worries about economic slowdown and stretched valuations in the technology sector dampened investor sentiment.The three major indexes — the Dow Jones Industrial Average, S&P 500, and Nasdaq, are all on track for steep weekly declines. The Nasdaq, which tumbled…

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