US Job Market Shows Resilience: Jobless Claims Drop to 221,000
The US labor market shows signs of improvement as jobless claims drop to 221,000, below analysts' expectations. The insured unemployment rate remains steady, but there's a slight i...
Economy News
US Trade Deficit Hits Record High in January, Surpassing Expectations
The US trade deficit reached a record $131.4 billion in January, the highest since May 2022, due to a significant increase in imports. Exports also rose, but not enough to offset t...
US Sees Significant Drop in Jobless Claims, Signaling Economic Resilience
The United States has seen a significant decrease in jobless claims, with a drop of 21,000 to 221,000 for the week ending March 1, surpassing analysts' expectations. The insured un...
Lagarde Warns of Downside Risks to Growth Amid Trade Tensions and Geopolitical Concerns
ECB President Christine Lagarde discusses the downside risks to economic growth due to trade tensions and geopolitical concerns, while highlighting potential boosts from domestic c...
ECB President Lagarde Warns: High Trade Policy Uncertainty is Undermining European Exports
ECB President Christine Lagarde discusses the impact of trade policy uncertainty on European exports and investment, following a decision to cut key interest rates. She urges EU go...
ECB Slashes Interest Rates by 25 Basis Points Amid Economic Slowdown
The European Central Bank (ECB) has cut interest rates by 25 basis points to stimulate the economy, with new rates effective from March 12. The ECB also revised its inflation and g...
ECB's Christine Lagarde Signals a Significant Shift Towards Less Restrictive Monetary Policy
ECB President Christine Lagarde announces a significant shift towards a less restrictive monetary policy, aiming to stimulate economic growth. This move has sparked interest among ...
February Sees a 245% Surge in US Job Cuts, DOGE Layoffs Highlight Economic Strain
In February, the US saw a 245% increase in job cuts, reaching 172,017, the highest since July 2020. Government, retail, and technology sectors were the most affected, with DOGE act...
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