Economy News

Economy

US Housing Market Shows Signs of Life: Pending Home Sales Rise 2% in February

In February, the US saw a 2% increase in pending home sales month-over-month, with the South leading the growth. However, sales are still down 3.6% year-over-year, highlighting ong...

Economy

ECB's de Guindos Warns: Trump's Tariffs Could Severely Impact EU Growth and Inflation

ECB Vice-President Luis de Guindos warns that Trump's tariffs on EU goods, especially automobiles, could severely impact the bloc's economic growth and inflation, highlighting the ...

Economy

French Economy Minister Condemns US Tariffs as an Uncooperative Move Amid Rising Trade Tensions

France's Economy Minister Eric Lombard criticizes US tariffs on European automakers as uncooperative, warns of mutual economic harm, and confirms EU preparations for retaliatory me...

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 overhaul, cutting 10,000 jobs and consolidating agencies to realign HHS with its core mission, including a n...

Economy

Slight Dip in US Jobless Claims: A Glimpse into the Labor Market's Resilience

The US Department of Labor reported a slight decrease in initial jobless claims to 224,000 for the week ending March 22, with the 4-week moving average also declining. The insured ...

Economy

US Economy Surges: Q4 2024 GDP Revised Upward to a Robust 2.4% Growth

The US GDP for Q4 2024 was revised up to 2.4%, driven by consumer and government spending, despite a drop in investment. Real GDI surged 4.5%, and corporate profits jumped $204.7 b...

Economy

Surprising Drop in US Goods Trade Deficit to $147.9B in February Defies Expectations

The US trade deficit unexpectedly dropped to $147.9 billion in February, with exports rising and imports slightly falling. Wholesale inventories also showed growth, indicating posi...

Economy

Early Signs of Economic Disruption: US Tariffs Spark Surge in Imports and Exports

Fitch Ratings reports early economic disruption from US tariffs, with a surge in imports and exports. Canada's exports to the US, especially in autos, and Japan's shipments to Mexi...