Economy News

Economy

March Sees a 0.5% Surge in US Personal Spending: What's Driving the Growth?

The Bureau of Economic Analysis reports a 0.5% increase in US personal consumption expenditures in March, indicating a potential boost in economic activity. More details are expect...

Economy

EU Boosts Defense with €910 Million Investment: AI Drones and Stealth Tech in Focus

The European Commission announces a €910 million investment in defense modernization, focusing on AI drones and stealth tech, with Ukrainian industries joining EDF collaborations f...

Economy

US Mortgage Applications Dip 4.2% Amid Economic Uncertainty and Labor Market Weakness

Mortgage applications in the U.S. fell by 4.2% last week, with experts citing economic uncertainty and labor market weaknesses as key factors. The average interest rate for 30-year...

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April, Marking a Subtle Economic Shift

Germany's annual inflation rate slightly decreased to 2.1% in April from 2.2% in March, with food prices up by 2.8% and energy prices down by 5.4%. The core inflation rate stood at...

Economy

US Economy Shrinks 0.3% in Q1 2025: Tariff Wars and Spending Cuts Take Their Toll

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending. Consumer demand remained strong, but inflation pressures gr...

Economy

US Treasury Unveils $125 Billion Refunding Strategy to Bolster Market Liquidity

The US Treasury Department plans to issue $125 billion in new securities to refinance maturing notes, introducing $30.8 billion in new borrowing. This includes 3-year, 10-year, and...

Economy

US Treasury Unveils $125 Billion Refunding Strategy to Boost Market Liquidity

The US Treasury announces a $125 billion refunding effort, including new securities issuance and buyback programs, to refinance maturing notes and enhance market liquidity.

Economy

Surprising Growth in US Private Sector Jobs: ADP Reports 62K Increase in April Amid Economic Uncertainties

The ADP National Employment Report shows a 62,000 increase in US private sector jobs in April, below expectations. Medium companies added the most jobs, while the service sector sa...