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From CBO. Source: CBO. Notes: Solid light purple is FY2024, solid dark purple is FY2025, dashed black is FY2026 estimate for cumulative deficit. As of 2026Q2, we’re nearly a percentage point above full employment, according to CBO’s estimate of potential GDP. Shouldn’t the deficit be shrinking, rather than increasing, as a share of GDP?
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The British Pound (GBP) claws back its early losses against the US Dollar (USD) and flattens at around 1.3495 during the European trading session on Thursday.
Chinese e-commerce giant JD.com saw its second-quarter net profit soar 15 per cent year on year to 7.1 billion yuan (US$1.1 billion), beating market expectations despite a slight dip in overall…
Chinese e-commerce giant JD.com saw its second-quarter net profit soar 15 per cent year on year to 7.1 billion yuan (US$1.1 billion), beating market expectations despite a slight dip in overall…
Hassabis has ceded day-to-day control to DeepMind’s CTO Koray Kavukcuoglu. Here’s what happened.
Petrol stations helped fuel record first-half profit for Union Gas.
JD.com Inc. posted its first quarterly revenue decline since listing in 2014, in the latest sign of waning Chinese consumer sentiment.