Page 19 - Thomas Simons News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceBiden Doubts China Able to Invade Taiwa

Consumer spending, a key driver of US economic growth, is expected to shrink by early 2024, putting the sharemarket under pressure, a survey shows.

* New claims for jobless benefits at lowest since February *... -Today at 01:37 pm- MarketScreener

Strong initial claims data is evidence that a recession in 2023 is looking less likely, many economists say.

In recent years, critics have lamented the “militarization” of American foreign policy, specifically the government’s tendency to favor military solutions