Economy News

Economy

March Sees a Surprising 7.4% Surge in US New Home Sales, Defying Market Expectations

US new home sales rose by 7.4% in March, with 724,000 units sold, a 6% increase from last year. Inventory grew slightly, with a median sale price of $403,600, reflecting a decrease...

Economy

Treasury Secretary Scott Bessent Advocates for Global Economic Fairness Under 'America First'

US Treasury Secretary Scott Bessent emphasizes 'America First' policy's goal for fairness in global trade, advocating for collaboration and reform in international economic systems...

Economy

Fed's Beige Book Reveals: U.S. Economic Activity Shows Minimal Change Amid Rising Uncertainties

The Federal Reserve's Beige Book indicates minimal change in U.S. economic activity, with mixed growth across districts, slight employment variations, and universal price increases...

Economy

Bailey Highlights UK's Open Economy and Global Relations with US Amid Growth Concerns

Bank of England Governor Andrew Bailey discusses the UK's open economy, the significance of US global relations, and the risks of economic fragmentation to growth. He also praises ...

Economy

Global Public Debt to Surge: IMF Predicts a 2.8% Increase by 2025, Doubling Previous Estimates

The IMF forecasts a 2.8% increase in global public debt by 2025, doubling 2024 estimates, potentially reaching 95% of GDP. Debt may hit 100% by decade's end, influenced by recent t...

Economy

April Sees a Significant Slowdown in US Private Sector Activity, Hits 16-Month Low

The US private sector activity slowed in April, with the PMI Composite Output Index hitting a 16-month low at 51.2. While the services sector saw a decline, manufacturing showed sl...

Economy

March Sees a Surprising 7.4% Surge in US New Home Sales, Defying Market Expectations

US new home sales rose by 7.4% in March, reaching 724,000 units, with a 6% increase from last year. Inventory levels grew slightly, offering an 8.3-month supply, while median price...

Economy

Treasury Secretary Bessent Advocates for Global Collaboration Under 'America First' Policy

US Treasury Secretary Scott Bessent emphasizes that 'America First' policy aims for global collaboration, not isolation. He calls for rebalancing global commerce and reforming inte...