Economy News

Economy

US Crude Oil Inventories See a Significant Drop: What Does It Mean for the Economy?

The US crude oil inventories fell by 1 million barrels last week, with Cushing reserves growing by 636,000 barrels. Gasoline stocks rose slightly, while distillates saw a sharp dec...

Economy

President Trump Revitalizes US Coal Industry with New Executive Orders to Power AI and Beyond

President Trump has signed executive orders aimed at boosting the US coal industry, emphasizing the need for 'beautiful clean coal' to meet the country's growing energy demands, es...

Economy

Bill Ackman Advocates for Strategic Pause in Trump's Tariffs to Avert Global Economic Turmoil

Billionaire Bill Ackman supports Trump's tariffs but suggests a 30-90 day delay to facilitate negotiations and prevent global economic disruption, advocating for a balanced approac...

Economy

ECB's Simkus Advocates for April Rate Cut: A Move Towards Less Restrictive Monetary Policy

ECB's Gediminas Simkus urges a 25 basis point rate cut in April, citing the need for a less restrictive policy amid U.S. tariff impacts, while ruling out larger adjustments.

Economy

Ukraine Strengthens European Ties with Groundbreaking EFTA Free Trade Agreement

Ukraine has signed a groundbreaking free trade agreement with EFTA, enhancing e-commerce, SME support, and trade facilitation, aiming for deeper European supply chain integration. ...

Economy

Billionaire Bill Ackman Advocates for Strategic Delay in Trump's Tariff Implementation

Billionaire Bill Ackman supports Trump's tariff strategy but suggests a 30 to 90-day delay for negotiations to avoid global economic disruption, advocating for a balanced approach.

Economy

Fed's Daly Voices Concern Over Potential Inflation Spike Due to Trump's Tariffs

Federal Reserve's Mary Daly raises concerns over potential inflation increase from Trump's tariffs, highlighting trade policy uncertainty and advocating for cautious monetary polic...

Economy

ECB's Simkus Advocates for a 25-Point Rate Cut in April Amid Trade Tensions

ECB's Gediminas Simkus pushes for a 25-point interest rate cut in April, citing the need for a less restrictive monetary policy amid U.S. tariff pressures and trade tensions, while...