Economy News

Economy

Singapore Boosts Household Support with $380 Vouchers Amid Rising Living Costs

Singaporean households can now claim $380 vouchers to ease living costs, usable at heartland merchants and major supermarkets, part of the government's ongoing support scheme initi...

Economy

Japan's Economic Downturn: A 0.2% Contraction in Q1 Sparks Concern

Japan's economy contracted by 0.2% in Q1, surprising analysts and raising questions about the causes and implications for global markets. Experts are analyzing various factors, wit...

Economy

Fed's Barr Warns: Emerging Trade Policies Could Dim the Bright Economic Outlook

Federal Reserve's Michael Barr highlights the U.S. economy's strength but warns of potential clouds from new trade policies, especially impacting small businesses and supply chains...

Economy

US Natural Gas Inventories Surge: A 110 Bcf Weekly Increase Signals Market Shifts

The US natural gas inventories rose to 2,255 Bcf, a 110 Bcf increase from the previous week, according to the EIA. Despite a yearly drop, levels remain above the five-year average.

Economy

US Industrial Production Holds Steady in April Amid Mixed Sector Performances

In April, US industrial production remained steady with no change from March, as reported by the Federal Reserve. The Manufacturing and Mining indices declined, while Utilities sur...

Economy

US Housing Market Faces Challenges as Builder Confidence Drops Sharply in May

Builder confidence in the US housing market declined in May, with the NAHB/Wells Fargo Housing Market Index falling to 34. High interest rates and policy uncertainties are cited as...

Economy

April Sees a Surprising 0.5% Drop in US Producer Prices, Defying Analyst Expectations

The US Producer Price Index unexpectedly dropped by 0.5% in April, contrary to analysts' forecasts. While the yearly figure rose by 2.4%, the services sector declined by 0.7%. Core...

Economy

April Sees a Slight Uptick in US Retail Sales, Surpassing Expectations with a 0.1% Increase

US retail sales grew by 0.1% in April to $724.1 billion, slightly above expectations, with a 5.2% increase from April 2024. Motor vehicles and parts dealers saw a 9.4% rise, and fo...