Economy

On December 14, 2022, Federal Reserve Chair Jerome Powell made a candid admission: “I wish there was a completely painless way to restore price stability. There isn’t, and this is…

American workers have faced an uphill battle over the past few years, as wages continue to lag behind the persistent rise in prices. Despite signs that inflation is cooling from…

The UK’s inflation rate held steady at 2.2% in August, according to data released by the Office for National Statistics (ONS) on Wednesday. This figure, unchanged from July, aligns with…

Bitcoin jumped nearly 4% in the past day to trade above $60.42K at press time. Enhanced sentiments toward the upcoming Federal rate decision, the US economy, and US Bitcoin spot…

Central Europe is facing devastating economic losses following the catastrophic floods caused by Storm Boris, with preliminary estimates suggesting the damage could surpass €1 billion. The full extent of the…

Chinese stocks could benefit as the US Federal Reserve prepares to announce its first rate cut this week, according to Steven Sun, the head of research at HSBC Qianhai Securities.…

In a historic move, El Salvador’s President Nayib Bukele has announced the country’s first debt-free budget for 2025, aiming to break away from its reliance on borrowing. The proposed budget,…

The Federal Reserve is set to join the European Central Bank (ECB) and the rest of the world in gradually moving away from the aggressive rate hikes seen in the…

China has recently announced the development of two new lithography machines, aimed at reducing its reliance on the US in semiconductor manufacturing. This move is part of China’s broader efforts…