Economy News

Economy

Surprising 6 Million Barrel Surge in US Crude Inventories Sparks Market Speculation

The United States has witnessed a notable 6.037 million barrel increase in crude oil inventories, alongside mixed changes in distillate and gasoline stockpiles, and a significant r...

Economy

Fitch Predicts US Housing Market Slowdown in 2025 Due to Tariffs and Migration Policies

Fitch Ratings forecasts a slowdown in the US housing market for 2025, attributing it to higher tariffs and immigration policies that increase construction and labor costs. Housing ...

Economy

ECB's Lagarde: AI Boosts Productivity Without Triggering Job Apocalypse in Europe

ECB President Christine Lagarde discusses AI's potential to boost productivity in Europe without causing a job apocalypse, highlighting the risk of increased labor inequality as hi...

Economy

March Sees a Slowdown in US Manufacturing Activity Amidst Economic Uncertainties

US manufacturing activity weakened in March with the PMI dropping to 50.2, indicating the slowest growth this year. Experts attribute the decline to fading optimism and reduced ord...

Economy

US Construction Spending Rises 0.7% in February, Signaling Strong Economic Growth

US construction spending increased by 0.7% in February, reaching $2.2 trillion, with private construction leading the growth. Residential construction saw a significant rise, while...

Economy

US Manufacturing Sector Contracts in March: PMI Drops Below Critical Threshold

The US manufacturing sector contracted in March, with the PMI dropping to 49%. Key indicators like new orders, production, and employment fell, while prices surged due to tariffs, ...

Economy

US Job Market Holds Steady: 7.6 Million Openings in February Amidst Economic Uncertainty

The US job market remained stable in February with 7.6 million openings, unchanged from January. The JOLTS report showed consistent hires and separations rates, with a steady quits...

Economy

China's Commerce Minister Warns: Trade Wars Damage Global Economy, Advocates for Dialogue

Chinese Commerce Minister Wang Wentao advocates against trade wars, promoting dialogue with the US to resolve disputes. Meeting with Ray Dalio, discussions emphasized global econom...