Economy News

Economy

Adani Group Plans Massive $10 Billion Investment in Vietnam's Infrastructure and Energy Sectors

Adani Group is set to invest up to $10 billion in Vietnam, focusing on infrastructure, energy, and technology. This move aims to strengthen Vietnam-India economic ties and support ...

Economy

June Sees a 0.4% Dip in US Construction Spending, Annual Figures Also Decline

US construction spending fell by 0.4% in June to $2.13 trillion, with a 2.9% annual decline. Private construction dropped by 0.5%, while public construction saw a marginal increase...

Economy

Fed Officials Warn of Economic Risks in Holding Off on Rate Cuts, Urge Gradual Approach

Federal Reserve officials Michelle Bowman and Christopher Waller highlight the risks of delaying interest rate cuts, emphasizing the importance of a gradual approach to safeguard t...

Economy

US Manufacturing Sector Shows Signs of Weakness as ISM Reports Slight Downturn in July

The US manufacturing sector experienced a slight downturn in July, with the PMI dropping to 48%. New orders contracted for the sixth month, while production expanded. Employment an...

Economy

US Job Growth Slows in July: Nonfarm Payrolls Rise by Only 73,000, Missing Expectations

The US job market showed signs of slowing in July, with nonfarm payrolls increasing by only 73,000, missing expectations. The unemployment rate rose slightly to 4.2%, while average...

Economy

July Sees a Surge in US Consumer Confidence Despite Economic Uncertainties

The University of Michigan's final report for July shows a 1.6% monthly increase in the Consumer Sentiment Index to 61.7, despite a 7.1% annual drop. The Current Economic Condition...

Economy

US Manufacturing PMI Dips Below 50 in July, Signaling First Contraction in 2025

The US Manufacturing PMI dropped to 49.8 in July, indicating contraction for the first time in 2025. Factors include client uncertainty due to tariffs and a decline in new export o...

Economy

Trump Predicts Stronger Dissents Within Federal Reserve Board on Monetary Policy

President Donald Trump anticipates stronger disagreements within the Federal Reserve Board on monetary policy, following dissenting votes on interest rate cuts by key Fed officials...