Economy News

Economy

March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Led by Transportation Equipment

In March, US durable goods orders surged by 9.2%, driven by a 27% increase in transportation equipment orders. Excluding transportation, orders were stable, highlighting the sector...

Economy

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Affordability Crisis

US existing home sales fell by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose to $403,700, while inventory l...

Economy

US Natural Gas Storage Sees Significant Weekly Increase Amid Yearly Decline, EIA Reports

The EIA reports an 88 Bcf weekly increase in U.S. natural gas inventories, reaching 1,934 Bcf, yet marks a 478 Bcf yearly decline and stays below the five-year average.

Economy

DOGE Cuts $845M in Federal Contracts to Combat Wasteful Spending, Saves Millions

The United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts worth $845 million to combat wasteful spending, saving $255 million immediately an...

Economy

UK's Bold Leap Towards Green Energy: Starmer Announces £300M Offshore Wind Project to Revolutionize Clean Power

British Prime Minister Keir Starmer announces a £300M offshore wind project to boost clean energy, alongside a £2B deal with Eni S.p.A for carbon capture, aiming to create jobs and...

Economy

BoE's Bailey Warns of Growth Shock from US Tariffs, Says UK Far from Recession

Bank of England Governor Andrew Bailey discusses the potential growth shock from US tariffs but reassures that the UK is not close to a recession, highlighting the need to balance ...

Economy

Canadian PM Mark Carney Defiantly Counters Trump's Threat to Exclude Canada from North American Auto Industry

Canadian Prime Minister Mark Carney responds to US President Donald Trump's threat to exclude Canadian cars from the North American auto market, asserting Canada's sovereignty over...

Economy

Canadian PM Mark Carney Defiantly Responds to Trump's Auto Industry Exclusion Threat

Canadian Prime Minister Mark Carney responds to US President Donald Trump's threat to exclude Canadian cars from the North American auto market, emphasizing Canada's sovereignty ov...