News

In a remarkable turn of events, the United States has witnessed a swift decline in its unemployment rate, which plummeted from a staggering 15% at the peak of the pandemic to consistently below 4% for nearly a year. Contrasting this achievement with historical data reveals a stark difference in policy response, particularly in the aftermath of econ…

In a significant development, Somalia has successfully negotiated the cancellation of a staggering 99% of its debt owed to members of the Paris Club of creditor nations. This milestone Debt Relief , announced on Wednesday by the Paris Club, marks a crucial step forward for Somalia as it endeavors to reintegrate into the international financial sys…

Bitcoin's bullish momentum, driven in part by the fervent demand for crypto exchange-traded funds (ETFs), faces a notable challenge as economic Data indicators point to persistent inflationary pressures. Thursday's release of the Producer Price Index (PPI) for February provided yet another indication of inflation surpassing expectations. The gover…

United States President Joe Biden has taken a firm stance against the proposed sale of a prominent Pittsburgh-based steel manufacturer to Nippon Steel, Japan's largest steel producer. Emphasizing the importance of maintaining "strong American steel companies powered by American steelworkers," Biden's opposition echoes sentiments expressed earlier b…

In a notable rebound from January's decline, retail spending in the United States showed promising growth last month, primarily fueled by increased expenditure on gasoline prices . The Commerce Department's report on Thursday revealed a 0.6% rise in retail sales across various platforms including brick-and-mortar stores, online platforms, and resta…

Top economist Stephanie Pomboy, known for her foresight of Impending Double-Dip in predicting the structural problems preceding the 2008 crisis, has issued a stark warning about the US economy. In a recent interview with Rosenberg Research, Pomboy expressed concern over a looming "double-dip" profit recession for US companies. She attributed this p…

Bank of Japan (BOJ) Governor Kazuo Ueda conveyed a nuanced view of Japan's Mixed economic landscape on Tuesday, acknowledging signs of recovery while expressing concern over emerging weaknesses. His remarks, delivered ahead of the central bank's upcoming policy meeting, revealed a slightly more cautious stance than in January, prompted by recent so…

Rising gasoline prices in February are anticipated to act as a stabilizing force on inflation, potentially reinforcing the Federal Reserve's cautious approach to interest rate reductions. Economists are predicting a 0.4% increase in prices across various goods and services during the month, slightly surpassing the January pace of 0.3%. Excluding fo…

In a move to prioritize the privacy of its renters, Airbnb announced on Monday a significant policy change in the Security Cameras that will prohibit hosts from using indoor in their listings, regardless of their placement or purpose. The new rule is set to take effect on April 30th and comes after reports of guests discovering hidden cameras with…

In February, a surge in Gasoline Prices appears to have acted as a significant factor in propping up inflation, potentially influencing the Federal Reserve's cautious stance on interest rate reductions. Economists anticipate a 0.4% increase in prices across various goods and services for the month, slightly exceeding January's pace of 0.3%. The cor…