Economy News

Economy

US Economy Stumbles: GDP Drops 0.3% in Q1 2025 as Tariff Wars Take Their Toll

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending, despite strong consumer demand and rising inflation pressur...

Economy

US Treasury Unveils $125 Billion Refunding Strategy to Boost Market Liquidity

The US Treasury announces a $125 billion issuance of new securities to refinance maturing notes, introducing new borrowing and strategies to enhance market liquidity, including exp...

Economy

March Sees a Surge in US Personal Spending: A 0.7% Increase Signals Economic Momentum

US personal consumption expenditures rose by 0.7% in March, with personal income also seeing growth. The PCE price index slightly contracted, indicating mixed economic signals.

Economy

March Sees a Surprising 6.1% Surge in US Pending Home Sales, Highest Since December 2023

US pending home sales experienced a significant 6.1% increase in March, the highest since December 2023, with the South region leading the growth. Despite the monthly surge, there ...

Economy

March Sees a Surge: US Pending Home Sales Leap by 6.1%, Signaling a Robust Market Revival

US pending home sales jumped 6.1% in March, the highest monthly increase since December 2023, with the South region leading at 9.8%. Experts attribute the rise to buyer sensitivity...

Economy

March Sees a 0.5% Surge in US Personal Spending: What's Driving the Growth?

The Bureau of Economic Analysis reports a 0.5% increase in US personal consumption expenditures in March, indicating a potential boost in economic activity. More details are expect...

Economy

EU Boosts Defense with €910 Million Investment: AI Drones and Stealth Tech in Focus

The European Commission announces a €910 million investment in defense modernization, focusing on AI drones and stealth tech, with Ukrainian industries joining EDF collaborations f...

Economy

US Mortgage Applications Dip 4.2% Amid Economic Uncertainty and Labor Market Weakness

Mortgage applications in the U.S. fell by 4.2% last week, with experts citing economic uncertainty and labor market weaknesses as key factors. The average interest rate for 30-year...