US mortgage rates continue to rise, 30-year fixed climbs to 6.79%
US mortgage rates are on the rise again. According to Freddie Mac, the average rate on a 30-year fixed mortgage rose to 6.79% this...
How a Trump presidency could affect Europe’s economic landscape
Now that Donald Trump is set to be the next US president, beginning on January 20th, European leaders and many of its citizens wonder...
Trump victory triggers rally of stocks, bond yields, dollar, and cryptocurrencies
The world of business, investors, and traders has responded enthusiastically to Trump’s election victory.
Cryptocurrency investors, traders, and other stakeholders are expecting a more favorable...
24% of home buyers in the US are first-time buyers, lowest level since 1981
Low Numbers for First-Time Buyers: First-time home buyers now make up only 24% of the market. This is a big drop from 32%...
U.S. economic growth maintained in third quarter, driven by consumer and government spending
The U.S. economy grew at an annual rate of 2.8% in the third quarter of 2024, according to data released by the U.S. Bureau...
U.S. job openings decline in September, signaling a cooler labor market
In the United States, job openings in September declined significantly to 7.4 million, their lowest level since January 2021, according to the September Job...
China’s industrial profits declined in September
China’s industrial sector had a difficult September, with profits plunging by 27.1% compared to the same month in 2023. The drop marks the worst...
Existing home sales in the US fell by 1% in September
Existing home sales in the US fell by 1% in September from the previous month to a seasonally adjusted annual rate of 3.84 million...
Global public debt in 2024 is expected to reach over $100 trillion, IMF warns
Global public debt in 2024 is expected to reach over $100 trillion (about 93% of global GDP), according to the IMF. By 2030, the...
US monthly retail sales rose by 0.4% in September
The U.S. Census Bureau reported a 0.4% increase in retail sales in September. According to the preliminary report, total monthly retail sales were $714.4...