Economy

In a swift response to Washington’s new tariffs, Beijing has imposed levies on US exports and tightened its grip on key minerals. Meanwhile, an antitrust investigation into Google adds another…

The mortgage market is showing mixed signals as 2025 begins, with some rates falling slightly while others continue to climb. Buyers and homeowners must navigate this shifting landscape carefully. As…

US stock markets are reeling as new tariffs on imports from Mexico, Canada, and China send futures into a sharp decline. Investors fear supply chain disruptions, rising costs, and inflationary…

Trump’s sweeping tariffs on Canada, Mexico, and China have sent shockwaves through global markets. Oil prices are surging, and supply chains are under threat. Analysts warn of rising costs at…

As energy prices soar, New York State is stepping in with HEAP assistance—a $1,000 stimulus aimed at helping seniors heat their homes this winter. But not everyone qualifies, and applications…

Canada has just unveiled a bold response to the latest US trade measures, targeting key American exports with fresh tariffs. The move signals a sharp downturn in relations between the…

New York City's congestion pricing program, designed to reduce traffic and improve air quality, faces a major challenge as Donald Trump vows to end it. Despite early successes, including fewer…

New York is making a big move to improve emergency response—but what’s really changing? With $55 million on the table, counties across the state are set to upgrade their 911…

Howard Lutnick isn’t just defending tariffs—he’s making them central to America’s trade future. In his Senate hearing, he dismissed inflation fears and promised tough action on China, Mexico, and even…

A sudden U.S. foreign assistance freeze has left humanitarian programs in crisis, forcing staff layoffs and abrupt shutdowns. From food relief in Africa to veteran support in Ukraine, critical aid…

Big changes are coming to Social Security in 2025, including updates to the full retirement age (FRA) that could reshape how much retirees receive. For some, this means adjusting their…

As inflation shows signs of easing, economists are cautiously optimistic about the U.S. economy in 2025. A new NABE survey points to reduced recession risks but highlights uncertainties tied to…

Social Security, a cornerstone of retirement income for millions, faces an uncertain future. With trust funds projected to deplete by 2034, benefit cuts could leave retirees vulnerable. Demographic shifts and…

Unemployment claims in the US have climbed to their highest in three years, with 1.9 million continuing claims reported last week. Despite a strong economy and steady job growth, rising…

The US State Department has issued a sweeping freeze on foreign assistance programs, pausing billions in funding and halting new commitments. A leaked memo reveals this directive stems from President…

A federal judge has blocked Donald Trump’s attempt to end birthright citizenship, calling the executive order “blatantly unconstitutional.” The controversial measure, signed during Trump’s first day back in office, would…

Tax season is just around the corner, and the IRS is gearing up to accept 2024 tax returns. But when is the first day to file, and how can you…

Trump’s second-term agenda sets its sights on tackling inflation, a top concern for American households. With plans to expand energy production, loosen regulations, and reduce government spending, the administration aims…

Gold prices are nearing record highs, fueled by rising trade tensions and uncertainty around President Trump’s tariff threats against China and the EU. As investors flock to safe-haven assets, questions…

Donald Trump’s return to the White House signals a renewed focus on reshaping international trade with bold tariff plans targeting major partners like Mexico, Canada, and China. Early actions suggest…

Gold has surged to its highest level in over two months as a weaker U.S. dollar and uncertainty surrounding Donald Trump’s trade policies drive investors toward the yellow metal. Analysts…

Trump’s bold economic agenda promises to tackle rising costs, boost domestic production, and reshape trade. But will tariffs, tax cuts, and energy policies solve inflation—or make it worse? The answers…

Check your freezer: a popular frozen product sold at Aldi has been urgently recalled due to an unexpected safety issue. With reports of contamination sparking concern, this recall affects shoppers…

Donald Trump begins his second term as the 47th president, ushering in bold economic policies poised to reshape global markets. From sweeping tariffs to potential monetary clashes with the ECB,…

Donald Trump is back in the White House, inheriting a country facing mixed fortunes. Inflation is down, but grocery prices remain high. The unemployment rate is steady, yet many Americans…

Stocks closed higher Friday, breaking the year’s losing streak just as Donald Trump’s inauguration looms. Speculation swirls around potential executive orders, with over 100 rumored to be in the pipeline.…

The week started off poorly for global financial markets because of a robust U.S. jobs report, growing inflation concerns, and rising oil costs. Interest rate forecasts for the year were…

The December Consumer Price Index (CPI) revealed that inflation remains persistent, rising to an annual rate of 2.9%. With core inflation steady at 3.3%, key drivers such as shelter and…

China’s economy is at a turning point, grappling with sluggish growth, a prolonged property crisis, and waning foreign investment. While US tariffs remain a critical factor, deeper structural challenges threaten…

Bank of America has delivered a blockbuster fourth quarter, surpassing expectations with record-breaking investment-banking fees and robust growth in loans and deposits. Amid volatile markets and shifting economic conditions, the…

Major U.S. banks are celebrating record-breaking profits and a bullish outlook as they prepare for a shifting economic and political landscape. With JPMorgan Chase leading the charge, reporting the highest…

Overall inflation may be easing, but the relentless rise in essentials like food, healthcare, and vehicle expenses is straining household finances. Persistent price hikes continue to impact everyday life, painting…

Small businesses in the United States are facing unprecedented challenges, with profits plummeting by 43% in 2024 despite strong GDP growth and low inflation. Rising operational costs, including rent and…

As bond markets stabilise and the once-dominant US dollar shows signs of retreating from its peak, global stocks witness a rare and significant upswing. Investors eagerly await pivotal inflation data…

In December, U.S. consumer prices regained momentum, reigniting concerns about the Federal Reserve’s ability to sustain progress in curbing inflation. While price growth showed modest acceleration at 2.9% year-over-year, core…

U.S. wholesale inflation ticked up in December, driven by surging energy costs, while food prices offered a rare dip. As markets rally and economists eye the Fed’s next move, could…

Los Angeles is dealing with severe economic effects and increasing housing demands as fires rage throughout the city. The catastrophe, which is among the most catastrophic climate disasters in recent…

The US dollar's strength is once again shaping the corporate earnings landscape, as companies with international operations brace for potential impacts and navigate complex market challenges. With its value surging,…

Days before his tenure ends, President Joe Biden has completed another round of student loan forgiveness that will help 150,000 borrowers. With this most recent addition, the government now has…

Gold prices have dipped as a surprising U.S. jobs report signals resilience in the economy, challenging the Federal Reserve's cautious approach to rate cuts. With inflation concerns looming, all eyes…

The US Treasury market has experienced a sharp rise in yields following stronger-than-expected jobs data for December. The benchmark 10-year yield is edging closer to the critical 5% threshold, stirring…

Costco is renowned for its bulk deals and low prices, attracting millions of shoppers annually. But when it comes to senior shoppers, many wonder if the retail giant offers exclusive…

US insurance stocks are reeling as wildfire devastate Los Angeles, with losses expected to be catastrophic. As flames engulf iconic neighbourhoods, insurers are facing unprecedented challenges. Will this disaster force…

Global investors flocked to money market funds as fears of tariff hikes and a critical jobs report fueled uncertainty. Equity and bond funds showed resilience, while emerging markets revealed stark…

Millions of retirees are in for a surprise as a new law changes the game for Social Security benefits. Decades-old provisions that slashed payouts for public workers have been wiped…

Aldi has announced a surprising change to its holiday schedule, leaving shoppers across the US rethinking their plans. With over 2,400 stores affected, this move could disrupt your routine if…

Are your everyday purchases keeping you from getting ahead financially? From subtle habits to hidden costs, many middle-class expenses quietly drain wealth over time. Here are five common traps that…

The Department for Work and Pensions (DWP) has warned Universal Credit claimants about serious consequences, including court action, for not fulfilling key obligations. Could you be at risk? Here’s what…

The Bank of England (BoE)'s rate cut hopes have been dashed as inflation shows renewed strength, highlighting ongoing pressures in the economy and delaying any immediate policy changes.

Extended processing times for Personal Independence Payment (PIP) claims spark concerns, as claimants struggle amid administrative backlogs. Critics highlight risks to vulnerable groups as the Department for Work and Pensions…