US Job market data released for May 2025 revealed both positive and negative signs. The Bureau of Labor Statistics reported a surprising increase of 139,000 new jobs, exceeding […]
Dow Soars 443 Points on Labor Report Strength, Stocks End Week Up
Wall Street closed out the week on a strong note, boosted by a better-than-expected U.S. jobs report that fueled investor optimism. The Dow Jones Industrial Average experienced a […]
Trump Urges Fed Rate Cut to Boost Economy
President Donald Trump is advocating for a full percentage point reduction in interest rates by the Federal Reserve, despite recent job market data showing continued strength. Trump’s call […]
Wells Fargo Chief Economist Warns of Potential Recession, Highlights Economic Slowdown Factors
In a recent interview, Jay Bryson, chief economist at Wells Fargo, provided insights into the current state of the U.S. economy, suggesting the possibility of a recession without […]
Will Rising Interest Rates Slow Down the US Economy?
Jay Bryson, Chief Economist at Wells Fargo, warns that the U.S. economy is teetering on the edge of a potential recession. Despite not being confirmed yet, Bryson predicts […]
US Non-Farm Payrolls Surge: Crypto Markets Hold Steady
The US labor market demonstrated strength in May 2025, with non-farm payrolls surging by 139,000 jobs, exceeding expectations. The unemployment rate remained steady at a respectable 4.2%. This […]
Bank of Russia Cuts Interest Rates to Boost Russian Economy
The Bank of Russia has taken a significant step towards stabilizing the Russian economy by reducing its key interest rate. This move, a crucial signal of confidence in […]
Dow Jones Soars 500 Points as Jobs Report Fuels Market Optimism
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 […]