Economy News

Economy

US Manufacturing Sector Shows Resilience with a 0.6% Surge in Factory Orders This February

The US manufacturing sector showed signs of growth with factory orders increasing by 0.6% in February, reaching $594.0 billion, according to the US Census Bureau. This rise reflect...

Economy

U.S. Escalates Pressure on Russia with Fresh Sanctions Targeting Military Campaign in Ukraine

The U.S. Treasury Department has announced new sanctions targeting individuals and entities linked to Russia's military campaign in Ukraine, including five individuals from Russia,...

Economy

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

ECB's Olli Rehn warns of the risks posed by trade protectionism to the Eurozone's economy, especially with upcoming U.S. tariffs on European goods. Despite a weak growth outlook, t...

Economy

ECB's Lagarde Warns: Trump's New Tariffs Could Harm the Global Economy

ECB President Christine Lagarde warns that President Trump's new tariffs could negatively affect the global economy, highlighting increased uncertainty and its impact on US market ...

Economy

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

ECB's Isabel Schnabel highlights the structural harm of trade fragmentation on economic growth and inflation, while advocating for the benefits of a single market and noting the ri...

Economy

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

Mortgage applications in the U.S. fell by 1.6% last week, with the 30-year fixed-rate mortgage interest rate slightly decreasing to 6.7%. The purchase index rose by 2%, while the r...

Economy

March Sees a Surge in US Private Payrolls: ADP Reports 155,000 New Jobs, Beating Expectations

In March, US private payrolls grew by 155,000, surpassing expectations. Large and small businesses contributed significantly, with the service sector adding the most jobs. Wage gro...

Economy

Surprising Surge: US Private Payrolls Jump by 155,000 in March, Defying Expectations

March saw a surprising 155,000 increase in US private payrolls, surpassing expectations. Large and small businesses contributed significantly, with the service sector leading the w...