Why Are US mortgage rates rising despite fed rate cuts?
The Federal Reserve, America’s Central Bank, has cut interest rates several times so far this year. Its last cut was in December (earlier this...
Holiday sales grow 3.8% in US – e-commerce strong
US holiday sales – from November 1st to December 24th – grew by 3.8% compared to the same period last year, says Mastercard SpendingPulse.
Strong...
China’s economy: resilience, growth, and future plans for stability
Manufacturing Activity Sees Steady Growth
China’s economy is showing some positive signs as its manufacturing sector reported growth in December, marking its third consecutive month...
US mortgage rates near 7% as homebuyers edge away
The new year has kicked off with mortgage rates edging even closer to 7%. This shift, noted in recent data from Freddie Mac and...
Spain could enforce 100% property tax on non-EU buyers
Spain is bracing for a steep new property tax on home purchases by foreign citizens from outside the European Union. Prime Minister Pedro Sánchez...
Wealth tax spurs savings and delays retirement, challenging critics’ claims
Some people have proposed taxing the wealthiest people in the United States as a way to reduce the country’s chronic trillion-dollar deficits. This tax...
UK economy to outpace Europe, but challenges remain
The IMF expects the UK economy to grow by 1.6% this year, the fastest rate among the major European nations in 2025 and in...
Indonesia’s GDP to grow faster than its peers in Southeast Asia
According to the World Bank, Indonesia’s GDP growth will outpace its rivals in Southeast Asia, such as Malaysia, Thailand, Vietnam, the Philippines, Cambodia, Singapore,...
Study: US-Canada free trade agreement didn’t harm workers
A 16-year study found that the 1989 Canada-US Free Trade Agreement (FTA), which lasted until the early 2000s, did not harm workers, despite a...
Trump’s Tariffs Rattle Global Trade
Donald Trump has just fired a broad salvo at global trade with a sweeping set of tariffs on goods entering the United States. Announced...