Economy News

Economy

April Sees Continued Contraction in UK Manufacturing Amid Global Trade Tensions

The UK manufacturing sector continued to contract in April, with the S&P Global Manufacturing PMI slightly rising to 45.4. Challenges include declining output, new orders, and empl...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, What's Behind the Shift?

April saw a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% year-to-date, largely due to DOGE-relat...

Economy

Unexpected Spike in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The US Department of Labor reported an unexpected rise in initial jobless claims to 241,000, exceeding forecasts. The four-week moving average and insured unemployment rate also in...

Economy

US Natural Gas Inventories Surge by 107 Bcf, Signaling a Shift in Energy Storage Trends

The US natural gas inventories increased by 107 Bcf last week, reaching 2,041 Bcf, as reported by the EIA. Despite an annual decline, the figures remain above the five-year average...

Economy

UK Manufacturing Sector Struggles Amid Global Trade Tensions in April

The UK manufacturing sector showed slight improvement in April with a PMI rise to 45.4, yet faces challenges from declining output, new orders, and a sharp drop in export demand du...

Economy

US Treasury Secretary Calls for Tariff De-escalation with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent advocates for tariff de-escalation with China, citing economic slowdown and the need for cooperation. He suggests revisiting the 'phase one' tra...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, Tech Sector Leads

In April, the US saw a 62% decrease in job cuts to 105,441, with the tech sector leading the reductions. The government sector's cuts have surged by 680% this year, amid economic a...

Economy

Unexpected Surge: US Initial Jobless Claims Jump by 18,000, Signaling Economic Turbulence Ahead

The US saw a significant rise in initial jobless claims, with an 18,000 increase to 241,000, exceeding forecasts. The four-week moving average and insured unemployment rate also cl...