Economy – Page 50 – Golden Financier

Economy

David Lebryk set to depart as Musk’s DOGE pushes for access to Treasury payment systems: report

Elon Musk’s Department of Government Efficiency (DOGE) representatives have reportedly requested to gain access to US Treasury payment systems, triggering a significant clash with senior Treasury official David Lebryk. According…

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Economy

ECB lowers key interest rates by 25 basis points: what it means for markets

The Governing Council decided on Thursday to cut the three core ECB interest rates by 25 basis points. As a result, the interest rates on the deposit facility, major refinancing…

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Economy

US jobless claims fall more than expected as economy stays resilient

The number of Americans filing for unemployment benefits dropped more than expected last week, signaling a still-resilient labor market despite slowing job opportunities. Initial jobless claims fell by 16,000 to…

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Economy

The great housing freeze: why the housing market hit a 29-year low and what’s next

The housing market is facing a stark reality check, with sales of existing homes plummeting to a 29-year low. The National Association of REALTORS reports that 2024 witnessed the slowest…

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Economy

Dow to lay off 1,500 employees as part of $1 billion cost-cutting plan

Michigan-based company Dow Inc. announced Thursday that it would lay off 1,500 employees as part of a $1 billion cost-cutting initiative, citing sluggish demand and margin pressures. The announcement sent…

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Economy

FTSE 100 forecast: BoE decision, Diageo, Vodafone, GSK earnings

The FTSE 100 index has started the year well as it surged to a record high. It moved to a high of £8,645, up by over 75% from its lowest…

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Economy

EU plans new Russia sanctions, targeting aluminum and gaming consoles

The European Commission has introduced a new set of proposed sanctions against Russia in response to its ongoing invasion of Ukraine, Reuters reported on Wednesday. This 16th package of sanctions…

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Economy

Trump’s approval rating drops following flurry of executive orders, poll shows

President Donald Trump’s approval rating has slipped as a wave of early executive actions—ranging from restricting birthright citizenship to renaming the Gulf of Mexico—has drawn criticism from the public, according…

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Economy

Analysis: Is gold’s upside potential fading?

Gold bulls could find themselves without much support once the current optimism in the market fizzles out, according to experts. “No big moves are expected, as several traders sit on…

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Economy

Asian stocks rise as US Fed holds rates steady: Nikkei gains 100 points

Asian markets are trading in the green on Thursday, following negative cues from Wall Street after the US Federal Reserve left interest rates unchanged and noted that inflation remains “somewhat…

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