Economy News

Economy

Sharp Decline in US Consumer Confidence Signals Impending Economic Recession

US consumer confidence has sharply declined in April, reaching its lowest since the early days of the COVID-19 pandemic. The Expectations Index hit a 13-year low, indicating potent...

Economy

Spain's Inflation Rate Dips Slightly to 2.2% in April, Surpassing Expectations

Spain's inflation rate edged down to 2.2% in April from 2.3% in March, slightly above expectations. Monthly inflation rose by 0.6%, with core inflation at 2.4%. The HICP remained a...

Economy

ECB's Cipollone Warns: Trump's Tariffs Could Have Significant Impact on Global Economy

ECB's Piero Cipollone warns that Trump's tariffs could significantly impact the global economy, risking fragmentation within the Western bloc and threatening international partners...

Economy

April Sees a Sharp Decline in Eurozone Consumer Confidence Amid Economic Uncertainty

Consumer confidence in the euro area and EU has worsened in April, with indices showing significant declines. The economic sentiment and employment expectations also deteriorated, ...

Economy

March Sees US Goods Trade Deficit Surge to $162B, Exports and Imports Both Rise

The US goods trade deficit increased to $162 billion in March, with exports rising to $180.8 billion and imports jumping to $342.7 billion. Wholesale inventories also saw a 0.5% mo...

Economy

US Treasury Secretary Urges EU to Scrap Internet Tax, Highlighting Unfair Impact on American Tech Giants

US Treasury Secretary Scott Bessent urges the EU to eliminate its internet tax, citing its unfair impact on American technology companies and potential to create digital trade barr...

Economy

March Sees US Job Openings Dip to 7.2 Million, Missing Analyst Expectations

In March, US job openings slightly dropped to 7.2 million, missing expectations. Hires remained steady at 5.4 million, while separations slightly declined. The quits rate rose, ind...

Economy

Alarming Drop in US Consumer Confidence Signals Looming Recession Fears

US consumer confidence hits a pandemic-era low in April, with the Consumer Confidence Index dropping sharply to 86.0. The Expectations Index falls to a 13-year low at 54.4, signali...