Economy News

Stock futures in the technology and banking sectors are having a strong run in the lead up to the end of the second quarter and first half of the year.The Dow Jones Industrial Average futures are up by 150 points, ...

UBS Group is planning to slash more than half of Credit Suisse's workforce starting next month. The cuts will primarily be felt by bankers, traders, and support staff in Credit Suisse's investment branch locations in Londonand New York, although almost ...

Delta Airlines announced on Tuesday that it had increased its second-quarter forecast and expects its full-year adjusted earnings to reach $6 per share, which is at the higher end of the estimates it provided last April. This positive outlook is ...

The Bank of England (BOE) raised interest rates by half a percentage point on Thursday due to unexpectedly persistent inflation. This move will put more strain on people with mortgages and will load additional pressure on house prices.With this 13th ...

More Americans than ever are saving for retirement, and an increasing number of them are doing this through investments in 401(k) plans. This trend has brought about a significant change in the investment landscape, as power on Wall Street has ...

The UK's economy is stuck in a growth "doom loop" from decades of insufficient investment by both the government and businesses, says the Institute for Public Policy Research (IPPR). According to the think tank, the UK has contributed $500 billion less ...

France is actively positioning itself as the go-to destination for artificial intelligence (AI) technology in Europe.French President Emmanuel Macron said in a recent television interview, “I think we are number one in AI in continental Europe, and we have to ...

Investors were looking for clues on the future directionof interest rates and eagerly awaited data that could shed light on the state of the economy, leading to an increase in shorter-term Treasury yields on Friday.The 2-year Treasury yield experienced a ...

Toyota’s stock price spiked 5% Tuesday after the company announced it will introduce a full lineup of battery electric vehicles with “next generation” batteries from 2026.Manufactured in a new plant named BEV Factory, the company is aiming to produce electric ...

Factories in the United States and the eurozone experienced a decline in new orders for manufactured goods in May as they worked through a backlog of orders, creating uncertainty about the manufacturing industry globally.In the US, the manufacturing sector contracted ...

General Motors (GM) has joined forces with Tesla, following in the footsteps of its crosstown competitor, Ford Motors. This partnership sees GM leveraging Tesla's national charging network.Starting next year, GM drivers can use Tesla's extensive installation of 12,000 fast chargers ...

Meta finds itself facing a potential threat to its business from a familiar foe: Apple. Just months after Apple's privacy change threatened Facebook's advertising model, the social networking giant shifted its focus to virtual reality and rebranded as Meta. However, Apple ...

Despite persistent recession fears, continued interest rate hikes, a spending slowdown, and a housing crunch, US stock markets are on the edge of bull market territory.The S&P 500 has recently experienced a strong rebound, climbing nearly 20% from its lows ...

This week, the Labor Department confirmed that the U.S. economy continued its robust job creation in May, surpassing expectations despite facing various challenges. Both public and private-sector payrolls experienced a significant surge of 339,000, outperforming the estimated 190,000 new jobs ...

China's small and medium-sized factories showed encouraging signs of expansion last month. This unexpected growth has reduced market concerns about potential economic stagnation in the world's second largest economy. Although Beijing's economy is recovering from the impact of the COVID-19 ...