by Bloomberg.com | Dec 22, 2023 | alerts, Markets/Economy
Factory to make EVs and plug-in hybrids for European buyers Hungary has attracted a string of battery, EV investments BYD Co. plans to build its first European car factory in Hungary, rewarding Prime Minister Viktor Orban for years of courting China for investments....
by Bloomberg.com | Dec 22, 2023 | alerts, Markets/Economy
Bloomberg survey shows four interest-rate reductions in 2024 Economists dial back inflation forecasts through next year Economists see the Federal Reserve holding off on interest-rate cuts until mid-2024, contrary to market expectations the easing cycle will begin...
by Bloomberg.com | Dec 21, 2023 | alerts, Markets/Economy
Core PCE likely hit 2% target on six-month annualized basis Similar outlook for next six months seen prompting Fed easing The US inflation outlook was already steadily improving in recent months, but last week, right in the middle of the Federal Reserve’s two-day...
by Bloomberg.com | Dec 21, 2023 | alerts, Markets/Economy
About 1 in every 24 people in England and Scotland has Covid-19, with London the worst-affected area as the highly infectious JN.1 variant spreads rapidly. The prevalence of Covid is also highest in people from 18 to 44 years old, according to a joint report by the UK...
by Bloomberg.com | Dec 20, 2023 | alerts, Markets/Economy
Declining values send more buildings into negative equity Distress threatens ‘dozens to over 300’ banks, report says Falling commercial-property values are raising solvency risks for potentially hundreds of US banks, according to a new report prepared for the National...
