Economy News

Economy

US Economy Shows Resilience: GDP Growth Revised Upward to 2.4% in Q4 2024

The US GDP growth for Q4 2024 was revised up to 2.4%, driven by consumer and government spending despite investment declines. Annual growth held at 2.8%, with sectors showing varie...

Economy

US Housing Market Sees a Slight Uptick: Pending Home Sales Rise 2% in February

The US housing market saw a 2% increase in pending home sales in February, with regional disparities highlighting an uneven recovery. Experts suggest lower mortgage rates could boo...

Economy

RFK Jr. Announces Bold HHS Overhaul: 10,000 Jobs Cut to Refocus on Core Mission

Health and Human Services Secretary Robert F. Kennedy Jr. plans a major overhaul, cutting 10,000 jobs and consolidating agencies to refocus on core missions, including chronic dise...

Economy

US Job Market Shows Resilience as Initial Jobless Claims Dip to 224,000

The US labor market shows signs of strength as initial jobless claims decrease to 224,000, with the 4-week average also declining. The insured unemployment rate remains steady at 1...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports a 37 Bcf increase in US natural gas inventories for the week ending March 21, totaling 1,744 Bcf. Despite this rise, stocks are down 557 Bcf year-over-year and 122 ...

Economy

Zelensky Voices Concerns Over US's Shifting Minerals Deal Terms, Stresses Ukraine's Commitment to Cooperation

Ukrainian President Volodymyr Zelensky addresses the fluctuating terms of a US minerals deal, reaffirming Ukraine's commitment to cooperation despite misunderstandings and a prior ...

Economy

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

The EIA reports a 37 Bcf increase in US natural gas storage for the week ending March 21, totaling 1,744 Bcf. Despite this weekly rise, stocks are down 557 Bcf from last year and 1...

Economy

RFK Jr. Announces Sweeping HHS Overhaul: 10,000 Jobs to Be Cut in Major Restructuring

Health and Human Services Secretary Robert F. Kennedy Jr. plans a major department overhaul, cutting 10,000 jobs and consolidating agencies to focus on core missions, including a n...