Economy News

The U.S. economy added 216,000 jobs in December 2023, exceeding expectations and bolstering confidence in the economy's path. The figure significantly surpassed market forecasts, which anticipated 170,000 new jobs, as the Bureau of Labor Statistics reported. Moreover, the unemployment rate ...

The stock market's journey in 2024 began with turbulence, wiping away some of the gains achieved during the year-end rally. The S&P 500 index lost 1.4%, while the Nasdaq Composite and the Dow Jones Industrial Average dropped 2.8% and 0.7%, ...

U.S. crude oil shed more than 10% in 2023, marking its first annual decrease since 2020. Brent crude recorded a 10.32% decrease over the same period. Bearish sentiment prevailed as concerns about oversupply emerged, driven by record production outside OPEC. The ...

Heading into the the new year, U.S. stocks and bonds are showing robust momentum. However, there are stillpotential risks. The year 2023 began with challenges for stocks, including rising interest rates and geopolitical tensions. Despite this, major equity averages ended the ...

In the third quarter of 2023, the US economy showed a slightly slower but still vigorous growth, with GDP expanding at an annualized rate of 4.9%, a modest decline from the previously reported 5.2%. This performance, the strongest in nearly two ...

U.S. stocks experienced a robust week fueled by Federal Reserve Chair Jerome Powell's hints of a potential end to the current rate-tightening cycle and positive sentiments from Treasury Secretary Janet Yellen. The S&P 500, Dow Jones, and the Nasdaq all posted ...

In 2023, Spain and Germany marked a significant milestone in renewable energy, with both countries generating over 50% of their electricity from renewable sources. Spain achieved 50% renewable energy generation, a significant increase from 42% in the previous year, while ...

In a remarkable turnaround, Greece has emerged from the depths of a devastating debt crisis to become a symbol of renewed economic vigor. Once plagued by double-digit unemployment, surging treasury bond yields, and plummeting asset prices, the country has resurfaced ...

In a welcome respite for consumers, gasoline prices in the U.S. have plunged to their lowest levels since mid-2022, propelled by record-breaking domestic oil production. Last Wednesday, the national average price for regular unleaded gasoline stood at $3.12 per gallon, ...

As AI becomes mainstream, the Bank of England's (BOE) Financial Policy Committee is heightening its focus on the systemic risks emerging from AI's expanding presence in the financial sector.The central bank has initiated an official investigation into these concerns, specifically ...

Argentina will not join BRICS under newly elected President Javier Milei. The country was previously set to join the inter-governmental economic organization comprising China, Russia, Brazil, India, and South Africa.Argentina received a formal invitation to join the group on January ...

The term may have been on the back burner recently, but economists have not stopped talking about their hopes for the U.S. to get a “soft landing” after the economic turmoil of prolonged high inflation.November’s solid jobs report did nothing ...

The DAX, Germany’s benchmark stock index, reached an all-time high on Wednesday as investors grew in confidence that interest rates will soon be cut.On Tuesday, the DAX closed at a record high of 16,533 points. That peak was beaten the ...

Gold prices hit a fresh record on Monday for a second day in a row — with spot prices hitting $2,100 as the global rush for gold continues.Gold prices are on track to hit new highs next year and could ...

Robinhood is under attack for its use of the controversial payment for order flow (PFOF) model of market-maker routing. The company uses this model in its flagship U.S. operation.Consumer trading advocates and regulators have called for a ban on the ...