Economy News

Economy

Surge in US Crude Inventories: A 6.2M Barrel Increase Signals Market Shifts

The US commercial crude oil inventories increased by 6.2 million barrels to 439.8 million barrels, as reported by the EIA. Refinery operations and imports also showed significant c...

Economy

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

ECB's Olli Rehn warns of the risks posed by trade protectionism to the Eurozone's economic outlook, as new U.S. tariffs on European goods loom. Despite challenges, the disinflation...

Economy

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

ECB President Christine Lagarde warns that President Trump's proposed tariffs could harm the global economy, citing increased market uncertainty and the need for domestic focus.

Economy

ECB's Schnabel Warns: Trade Fragmentation Poses Serious Risks to Global Economic Growth

ECB's Isabel Schnabel discusses the harmful effects of trade fragmentation on the economy, the opportunities within a single market, and the rise in defense spending due to geopoli...

Economy

US Mortgage Applications See a Slight Decline: A Closer Look at the Latest Trends and What It Means for Homebuyers

Mortgage applications in the U.S. declined by 1.6% recently, with a slight drop in interest rates. The purchase index rose by 2%, while refinancing fell by 6%, indicating mixed tre...

Economy

March Sees a Surprising Leap in US Private Payrolls: ADP Reports 155,000 New Jobs

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

Economy

February Sees a Surprising 0.6% Rise in US Factory Orders, Beating Expectations

US factory orders rose by 0.6% in February, surpassing expectations. Shipments and unfilled orders also saw increases, while inventories adjusted slightly, indicating a balanced de...

Economy

US Escalates Pressure with New Sanctions Targeting Russia's Military Campaign in Ukraine

The US Treasury Department has imposed new sanctions on individuals and entities linked to Russia's military actions in Ukraine, freezing their assets. This move comes amid discuss...