Economy News

Economy

US Mortgage Applications Dip Slightly Amid Fluctuating Interest Rates and Housing Market Optimism

Mortgage applications in the US declined by 1.6% last week, with a slight drop in interest rates to 6.7%. Purchase activity is up, but refinancing has decreased, reflecting a mixed...

Economy

US Private Sector Booms: ADP Reports a Surprising 155,000 Job Increase in March

The US private sector added 155,000 jobs in March, surpassing expectations. Large and small businesses contributed significantly, with the service sector leading growth. Wage incre...

Economy

ECB's Schnabel Warns: Trade Fragmentation Poses Significant Risks to Global Economic Growth and Inflation

Isabel Schnabel of the ECB discusses the negative impact of trade fragmentation on economic growth and inflation, while also highlighting opportunities within a single market and t...

Economy

ECB's Olli Rehn Warns: Rising Tariffs Pose Significant Threat to Eurozone's Economic Future

ECB's Olli Rehn warns of trade protectionism's risks as the US prepares tariffs on EU goods, stressing the Eurozone's economic challenges and the ECB's flexible policy stance.

Economy

ECB's Lagarde Warns: Trump's New Tariffs Pose a Threat to Global Economic Stability

ECB President Christine Lagarde discusses the potential negative impacts of President Trump's upcoming tariffs on the global economy, highlighting increased uncertainty and less at...

Economy

US Strengthens Sanctions Against Russia-Linked Entities Amid Ukraine Conflict

The US Treasury Department has imposed new sanctions on Russia-linked entities and individuals involved in the Ukraine conflict, targeting assets and operations. The announcement c...

Economy

Mexico's Strategic Response to US Trade Measures: No Retaliatory Tariffs, Says President Sheinbaum

Mexican President Claudia Sheinbaum stated Mexico will not retaliate with tariffs against new US trade measures, focusing instead on comprehensive economic strategies and ongoing d...

Economy

US Crude Oil Inventories Surge by 6.2M Barrels, Refinery Operations Dip Slightly

The EIA reported a 6.2 million barrel increase in US commercial crude oil inventories, reaching 439.8 million barrels. Refinery operations slightly decreased, but gasoline producti...