Stocks enjoyed a strong Friday showing as the U.S. economy added a robust 139,000 jobs in May, defying uncertainty surrounding tariffs. The Dow Jones Industrial Average soared more […]
Elon Musk Criticizes Trump’s Economic Proposal
Elon Musk has publicly challenged former U.S. President Donald Trump’s controversial economic proposal, arguing it poses significant risks to the American economy. Musk, who previously served as head […]
Trump Terminates Collaboration with Musk, Canceling Subsidies
Donald Trump and Elon Musk have ended their partnership following disagreements over policy and leadership strategies. The US President cited Musk’s opposition to federal spending as a primary […]
Dow Jones Ends Losing Streak Amidst Weak Economic Outlook
U.S. stock markets closed with a mixed performance on Wednesday as concerns about economic growth, inflation, and tariffs weighed on market sentiment. The Dow Jones Industrial Average, after […]
Fed Beige Book Shows Modest Economic Slowdown, Stable Jobs Market
Recent release of the Federal Reserve’s Beige Book paints a picture of cautious economic activity across US businesses and consumers. Bloomberg’s Federal Reserve reporter Catarina Saraiva highlights that […]
U.S. Trade Deficit Shrinks in April, Surprising Analysts
The United States’ trade deficit narrowed unexpectedly in April, recording a $61.6 billion deficit instead of the predicted $70 billion shortfall. This surprise outcome comes as the previous […]
CBO Report: Tariffs Impact Deficit Reduction, Potentially Slow Economic Growth
The U.S. Congressional Budget Office (CBO) has released a report detailing the impact of President Trump’s extensive global tariffs on the federal deficit and the economy. The analysis […]
Economic Contraction vs. Tech Boom: Bitcoin Soars Amidst Market Uncertainty
Recent CNBC Daily Open highlights a mixed picture of the U.S. economy, with GDP falling 0.3% while tech companies report strong earnings. The cryptocurrency sector is also seeing […]
Trump and Warren Call for Debt Ceiling Removal to Prevent Economic Disaster
Two prominent politicians, Donald Trump and Elizabeth Warren, have joined forces to propose raising the U.S. debt ceiling in a bid to avert potential economic turmoil. Their bipartisan […]
U.S. Money Supply Hits New Record High
The U.S. M2 money supply has reached a record-breaking $21.86 trillion, according to recent reports from Blockbeats and Cointelegraph. This significant surge reflects ongoing economic dynamics and monetary […]
Ray Dalio Warns of US Economic Challenges Due to Growing Debt
Renowned financier Ray Dalio, founder of Bridgewater Associates, has issued a sobering warning about the United States’ economic outlook. In an interview with CNBC, Dalio highlighted his concerns […]
U.S. Services Sector Contracts in May 2025: ISM Report Reveals Economic Concerns
The U.S. services sector experienced its first contraction since June 2024, according to the Institute for Supply Management (ISM), with a PMI of 49.9 for May 2025. This […]
Europe’s Economy in Crisis: Trade Tensions Drive Market Plunge
As global uncertainty mounts, European stock markets are experiencing a dramatic downturn. The STOXX 600 index dropped by 0.5% on June 3, 2025, signaling a growing fear about […]
U.S. Job Openings Surge Beyond Expectations in April
The U.S. job market saw a surprising surge in openings during April, exceeding expectations. Official data from Odaily reports that the number of job openings reached 7.391 million, […]
China’s Manufacturing Slumps as Weak Exports Fuel Contraction
China’s manufacturing sector has contracted for the second consecutive month, according to a recent survey by Caixin Insight Group. The index reached its lowest point since September 2022, […]