Economy News

Economy

UK Manufacturing Sector Faces Continued Challenges in April Amid Global Trade Tensions

The UK manufacturing sector showed slight improvement in April but remains under pressure due to global trade tensions and rising input costs, with significant declines in output, ...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, Challenger Reports

In April, the US saw a 62% decrease in job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% year-to-date, influenced by...

Economy

Unexpected Rise in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The latest report from the Department of Labor shows an unexpected increase in US initial jobless claims, with figures surpassing analysts' forecasts. The four-week moving average ...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports a 107 Bcf increase in US natural gas inventories for the week ending April 27, totaling 2,041 Bcf. Despite a yearly decrease, stocks remain above the five-year aver...

Economy

April Sees Continued Contraction in UK Manufacturing Amid Global Trade Tensions

The UK manufacturing sector continued to contract in April, with the S&P Global Manufacturing PMI slightly rising to 45.4. Challenges include declining output, new orders, and empl...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, What's Behind the Shift?

April saw a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% year-to-date, largely due to DOGE-relat...

Economy

Unexpected Spike in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The US Department of Labor reported an unexpected rise in initial jobless claims to 241,000, exceeding forecasts. The four-week moving average and insured unemployment rate also in...

Economy

US Natural Gas Inventories Surge by 107 Bcf, Signaling a Shift in Energy Storage Trends

The US natural gas inventories increased by 107 Bcf last week, reaching 2,041 Bcf, as reported by the EIA. Despite an annual decline, the figures remain above the five-year average...