Latest global economy News

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Nvidia isn't going back to China anytime soon, CEO signals

Jensen Huang had previously said that Nvidia's business in China is now “100% out,” describing a collapse from “95% market share to 0%”

12 college majors that are quickly getting more popular

These 12 majors are seeing rapid growth as students align ambitions with market demand and economic change

The economist counting down to America's debt doomsday

Kent Smetters, who runs the Penn Wharton Budget Model, has a forecast for when the economy's breaking point could arrive

The 5 greenest states in America — and the 5 least green

To see which states are leading the charge, WalletHub compared across two key areas: home energy efficiency and auto energy efficiency

Here are the 40 airports where the FAA is cutting flights because of the government shutdown

FAA announces where it plans to reduce capacity due to the government shutdown, which could result in cancellations and more delays.

Tesla shareholders bet $1 trillion on Elon Musk

Shareholders blessed a pay package worth up to $1 trillion — if Musk delivers on dreams of robotaxis, humanoid robots, and a huge market cap

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OpenAI does damage control after a top exec talked government support for its spending spree

The company cleaned up comments supporting a government guarantee so AI firms can maintain their huge spending on chips and new data centers

Eli Lilly and Novo Nordisk cut deals with Trump to lower weight loss drug prices

Popular GLP-1 drugs like Ozempic will get cheaper in exchange for partial Medicare coverage, opening up new markets for Eli Lilly and Novo Nordisk

Trump's economy is worse than it looks

The headline numbers average out the extremes, but the underlying picture is one of wealthy consumers thriving and everyone else trading down

Job cuts in October hit the highest level in decades

Layoffs haven't been this bad since 2003 and hiring slowed to its lowest point in 14 years, new data shows

The FAA is cutting flights at 40 major airports. Here's what it means for travelers

A record-long government shutdown has the agency set to throttle flight volumes by 10% at dozens of airports, with the holiday travel season coming

Nvidia CEO Jensen Huang backtracks after saying 'China is going to win the AI race'

Nvidia later released a statement from Huang that hedged those comments. "China is nanoseconds behind America in AI," he said

Jamie Dimon says don't worry about Trump's attacks on the Fed

The JPMorgan Chase CEO has previously spoken out in favor of an independent Fed following the president's blistering attacks

The IRS won't offer Direct File for next year's tax season

The government-provided free alternative to paid services was popular, but has been downplayed for months

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Quartz is a digitally native news outlet for the new global economy.Latest news and headlines around the world related to the state of the global economy. News, analysis and comment from the Financial Times, the worldʼs leading global business publication. Get all updates on INTERNATIONAL ECONOMY NEWS, Business news, Global market news, world business, global business trade on Business Standard.

What is today's economic news?

CBDC to bring down time, cost for cross-border transactions: RBI Deputy Guv Sep 7, 2022, 04:01 PM IST.
Cabinet lowers railway land licensing fee, sources say Sep 7, 2022, 02:18 PM IST.
India will cement its place in the upper echelons of tech manufacturing: Mukesh Aghi, USISPF Sep 7, 2022, 02:05 PM IST.
What is the biggest economy in the world?

the United States

With a GDP of 22.3 trillion USD, the United States is by far the world's largest economy in this ranking for 2022. It is followed by China in 2nd place with a GDP of still 19.9 trillion USD.
What is India's rank in GDP?

India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany.