Economy News

Economy

Unexpected Surge: US Oil Inventories Jump by 4.2M Barrels, Raising Market Eyebrows

The US crude oil inventories unexpectedly rose by 4.2 million barrels in early March, exceeding expectations. Gasoline stocks fell, while distillates increased slightly. Cushing re...

Economy

President Trump Dismisses Recession Fears, Promises Economic Boom

President Donald Trump dismisses fears of a recession, expressing confidence in a future economic boom for the US. He criticizes the Biden administration's impact on the country an...

Economy

Canada's Steelworkers Union Demands Immediate Action Against Trump's Steel Tariffs

Canada's United Steelworkers union (USW) has strongly opposed US President Donald Trump's 50% tariffs on steel and aluminum imports from Canada, calling for immediate government ac...

Economy

Ontario Premier Threatens US with Power Supply Cuts Amid Trade Dispute

Ontario Premier Doug Ford warns of cutting power supplies to the US, affecting 1.5 million people, in response to potential escalations in the trade war by President Trump. Ford al...

Economy

US Job Market Holds Steady: 7.7 Million Openings in January

The US job market remained stable in January with 7.7 million job openings, as reported by the Bureau of Labor Statistics. Hires and separations showed little change, indicating a ...

Economy

US Job Market Holds Steady: 7.7 Million Openings in January

The US job market showed little change in January with 7.7 million openings, a steady hiring rate of 3.4%, and total separations at 5.3 million, according to the Bureau of Labor St...

Economy

February Sees a Dip in US Small Business Optimism, NFIB Reports

US small business optimism fell in February, with the NFIB reporting a 2.1-point drop in the optimism index to 100.7, below expectations. Economic improvement expectations and expa...

Economy

ECB's Olli Rehn Warns: US Tariffs Could Slash Global Economic Growth by Over 0.5%

ECB's Olli Rehn warns that US tariffs on Canada, China, and Mexico could reduce global economic output by over 0.5% in 2025 and 2026. He urges the Eurozone to find joint solutions ...