Economy News

Economy

Fed's Bowman Highlights Labor Market as Key Factor in Future FOMC Policy Decisions

Michelle Bowman of the Federal Reserve discusses the growing importance of labor market conditions in shaping future FOMC policy decisions, highlighting a shift from focusing solel...

Economy

Kevin Hassett Claims Stock Market Underestimates the Impact of Latest Jobs Data

Kevin Hassett, Director of the National Economic Council, lauds the latest jobs report as "fantastic," suggesting the stock market underestimates its impact. He credits President T...

Economy

Trump Slashes Canadian Potash Tariffs: A Boost for US Farmers and Trade Relations

President Trump reduces tariffs on Canadian potash from 25% to 10%, benefiting US farmers and easing trade tensions. Canada, the largest potash producer, holds significant global r...

Economy

February Sees a Surge in US Nonfarm Payrolls with 151,000 New Jobs Added

The US nonfarm payrolls increased by 151,000 in February, with healthcare leading job gains. Unemployment remained stable at 4.1%, and average hourly earnings rose slightly.

Economy

ECB's Mario Centeno Expresses Deep Concerns Over Eurozone's Economic Stagnation

Mario Centeno of the ECB expresses deep concerns over the Eurozone's economic stagnation, highlighting the reliance on a strong labor market amidst declining exports and investment...

Economy

Thailand's Digital Gold Rush: How Mobile Apps Are Revolutionizing Traditional Gold Trading

Thailand's gold trading is undergoing a digital transformation, with mobile apps enabling a new generation to invest in gold bars and coins. This shift reflects Thailand's enduring...

Economy

Eurozone and EU Show Modest GDP Growth in Q4 2024, Full Year Figures Revealed

In Q4 2024, the Eurozone's GDP grew by 0.2%, with the EU seeing a 0.4% increase. For the full year, growth was 1.2% in the Euro area and 1.4% in the EU, according to Eurostat.

Economy

France's Trade Deficit Widens to €6.5 Billion in January, Marking a Significant Increase

France's trade deficit increased significantly to €6.5 billion in January, with exports decreasing and imports rising. The energy balance worsened, while manufactured goods saw a s...