Live economic news

Here are some live economic news updates:

Global Economy

• The International Monetary Fund (IMF) has cut its global growth forecast for 2023 to 3.2%, citing rising inflation and interest rates. (Source: Reuters)
• The World Bank has warned that the global economy is facing a "perfect storm" of challenges, including high inflation, rising interest rates, and supply chain disruptions. (Source: Bloomberg)

US Economy

• The US economy added 223,000 jobs in May, beating expectations and showing a strong labor market. (Source: Bureau of Labor Statistics)
• The US unemployment rate fell to 3.6% in May, the lowest level since 1969. (Source: Bureau of Labor Statistics)
• The Federal Reserve has raised interest rates by 0.5% to combat inflation, which is running at a 40-year high. (Source: Federal Reserve)

Stock Market

• The S&P 500 index has fallen 1.5% in the past week, amid concerns over inflation and interest rates. (Source: Yahoo Finance)
• The Dow Jones Industrial Average has fallen 1.2% in the past week, led by declines in technology and healthcare stocks. (Source: Yahoo Finance)
• The Nasdaq composite index has fallen 2.1% in the past week, led by declines in technology and biotech stocks. (Source: Yahoo Finance)

Cryptocurrencies

• Bitcoin has fallen 2.5% in the past 24 hours, amid concerns over inflation and interest rates. (Source: CoinDesk)
• Ethereum has fallen 3.1% in the past 24 hours, amid concerns over inflation and interest rates. (Source: CoinDesk)
• The total value of all cryptocurrencies has fallen to around $2.5 trillion, down from a peak of over $3 trillion in November. (Source: CoinMarketCap)

Commodities

• Oil prices have fallen 2.5% in the past 24 hours, amid concerns over global demand and supply. (Source: Bloomberg)
• Gold prices have risen 0.5% in the past 24 hours, amid concerns over inflation and interest rates. (Source: Bloomberg)
• Copper prices have fallen 1.5% in the past 24 hours, amid concerns over global demand and supply. (Source: Bloomberg)

Earnings

• Apple has reported a 33% increase in quarterly profits, driven by strong sales of iPhones and services. (Source: Apple)
• Amazon has reported a 27% increase in quarterly profits, driven by strong sales of cloud computing services and advertising. (Source: Amazon)
• Microsoft has reported a 21% increase in quarterly profits, driven by strong sales of cloud computing services and software. (Source: Microsoft)

Please note that these are just some of the latest economic news updates and may not reflect the full range of economic news and events.