Economy News

Economy

U.S. Jobless Claims Rise Slightly to 222,000, Signaling a Steady Labor Market

Initial jobless claims in the U.S. rose by 6,000 to 222,000, with the 4-week moving average slightly decreasing. The insured unemployment rate remained at 1.2%, indicating a stable...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports an 88 Bcf increase in US natural gas inventories to 1,934 Bcf for the week ending April 18, though stocks are down 478 Bcf year-over-year and 44 Bcf below the five-...

Economy

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

ECB's Joachim Nagel asserts that tariffs will inflate prices more in the US than in Europe, with significant growth implications for Germany and the broader European economy.

Economy

Fed's June Decision Hinges on Economic Clarity, Says Cleveland President Beth Hammack

Cleveland Fed President Beth Hammack discusses the potential for a June Fed decision based on economic clarity, emphasizing patience and data monitoring. Trade tariff uncertainties...

Economy

March Sees a Significant 5.9% Drop in US Existing Home Sales Amid Affordability Challenges

US existing home sales fell by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose to $403,700, while inventory l...

Economy

UK's Bold Leap into Renewable Energy: Starmer Announces £300M Offshore Wind Farm Initiative

British Prime Minister Keir Starmer announces a £300M offshore wind farm project to boost renewable energy, alongside a £2B deal with Eni S.p.A for carbon capture, aiming to create...

Economy

DOGE Cuts $845M in Federal Contracts to Tackle Wasteful Spending and Inefficiencies

The United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts worth $845 million to combat wasteful spending, saving $255 million initially and ...

Economy

BoE's Governor Bailey Assures UK Economy's Stability Amid US Tariff Concerns

Bank of England Governor Andrew Bailey discusses the potential impact of US tariffs on UK growth, reassuring that the UK is not close to a recession, and outlines the consideration...