Economic News

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Will a Trump victory be bad for Mexico’s economy?

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What will happen to Mexico's economy now that Donald Trump is the president-elect? If he implements some of the threats he made during his...
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Bank of England cuts interest rates from 5% to 4.75%

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The UK's central bank, the Bank of England, announced today that it has cut interest rates to 4.75% from 5%. This is the lowest...

US mortgage rates continue to rise, 30-year fixed climbs to 6.79%

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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...
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How a Trump presidency could affect Europe’s economic landscape

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Now that Donald Trump is set to be the next US president, beginning on January 20th, European leaders and many of its citizens wonder...
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Trump victory triggers rally of stocks, bond yields, dollar, and cryptocurrencies

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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

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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%...
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U.S. economic growth maintained in third quarter, driven by consumer and government spending

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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...
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U.S. job openings decline in September, signaling a cooler labor market

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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

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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

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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...