In a surprise meeting, Federal Reserve Chair Jerome Powell met with former President Donald Trump at the White House today. The discussion focused on key economic issues such […]
Economic Downturn Signals: Jobless Claims Rise While GDP Contracts
Recent data paints a concerning picture of the U.S. economy, raising alarms about a potential downturn. Jobless claims surged to 240,000 for the week ending May 24, exceeding […]
White House Predicts New Trade Deals Amid Tariff Talks
Kevin Hassett, Director of the White House National Economic Council, anticipates new trade agreements as ongoing tariff discussions continue. His prediction comes amidst negotiations with over 50 countries, […]
Crypto Mining Stocks Plummet Following Fed’s Warning About Economic Uncertainty
The cryptocurrency mining industry has been hit by a notable downturn in stock prices after the Federal Reserve issued a warning about potential economic tradeoffs. This decline reflects […]
Rising Recession Risk: Fed Official Warns of Economic Uncertainty
Federal Reserve officials have voiced growing concerns about the rising risk of recession, citing a complex mix of economic uncertainties that are impacting businesses and consumer sentiment. Neel […]
Fed Cuts 2025 Rate Cut Expectations Amid Economic Uncertainty
The Federal Reserve’s plans for rate cuts in 2025 have been adjusted, with the number reduced from four to two. This decision is driven by increasing economic uncertainty […]
Canadian Dollar Weakens Amidst Persistent Headwinds
The Canadian dollar faces a challenging near-term outlook, experiencing its weakest fundamental backdrop since 2016. A confluence of factors, including persistent productivity issues, high household debt, and the […]
Is the U.S. Financial Stability Crisis Signaling Trouble for Crypto?
A rising cost to insure U.S. government debt against default is raising alarm bells in the financial markets, and experts are watching closely to see how it affects […]
U.S. Job Openings Plummet: Signals Emerging Economic Concerns
A recent analysis by Odaily reveals a sharp decline in U.S. non-farm job openings. This unprecedented drop, only witnessed three times since 2000, coincides with economic recessions. The […]
US Stock Markets Soar After Trump Delays Tariffs
Following a four-day losing streak, US stock markets experienced a significant rebound on Tuesday, fueled by President Trump’s decision to postpone the implementation of 50% tariffs on European […]
Fed Faces Uncertainties: Will Rate Cuts Come in June?
The Federal Reserve (Fed) meets in June 2025 amidst growing economic uncertainties. Persistent inflation, a robust labor market, and trade tensions pose challenges for the Fed’s decision on […]
U.S. Consumer Confidence Index Soars Despite Recession Concerns
The U.S. Consumer Confidence Index experienced a significant surge in May, rising to 135.9 according to Odaily reports. This improvement is largely attributed to a dramatic increase in […]
Russia’s Economy May Be Cooling Down Too Quickly
Russia’s economy is facing a potential slowdown, according to Economy Minister Maxim Reshetnikov, who urged the central bank to lower its high interest rates. The Bank of Russia […]
Canadian Manufacturing Sales Plunge 2% in April 2025
Canada’s manufacturing sector experienced a significant decline in April 2025, with sales falling by 2.0%. Statistics Canada reported that the petroleum, coal, and automotive industries were major drivers […]
Canadian Manufacturing Sales Plummet 2% in April 2025
The Canadian manufacturing sector faces a challenging landscape as sales plummeted by 2% in April 2025, according to preliminary data from Statistics Canada. This marks the largest decline […]