Bulgaria to Join the Eurozone in 2026
The European Commission and the European Central Bank (ECB) have approved Bulgaria’s adoption of the euro, with the currency switch set to occur on January 1, 2026. This milestone makes Bulgaria the
US Inflation Shows Minimal Change Amid Tariff Uncertainty
In April, inflation remained largely unchanged as the effects of President Donald Trump’s newly implemented tariffs had yet to show up in consumer prices, according to a report from the U.S. Commerce
Stocks Surge as Trump Wins 2024 Presidential Election
The U.S. stock market experienced a significant surge on Wednesday, reaching record highs as Donald Trump secured victory in the 2024 presidential election. The Dow Jones Industrial Average surged by 1,434 points,
Chobani to Build $1.2 Billion Facility in Rome
Greek yogurt producer Chobani has selected the City of Rome as the site for its new 1.4 million square-foot manufacturing facility, a project expected to bring 1,000 new jobs to the region.
ECB Cuts Interest Rates Amid Growing Trade Tensions
In a move to stabilize the euro zone’s fragile economy, the European Central Bank (ECB) made a 25-basis-point cut to its interest rates on Thursday, lowering its key deposit facility rate to
UK Inflation Slows, But Pressures Mount Amid Trade War
March Inflation Hits Three-Month Low UK inflation slowed in March, falling to 2.6% from 2.8% in February, according to data from the Office for National Statistics. The decrease was driven by lower
Canada’s Inflation Slows, Strengthening Case for Rate Cut
Inflation Eases in March, With Gas and Travel Costs Falling Canada’s inflation rate unexpectedly slowed in March, dropping to 2.3%, according to Statistics Canada. The slowdown was largely driven by lower gasoline
US Labor Market Holds Steady Amid Growing Tariff Fears
Strong Job Gains in March, But Uncertainty Looms The U.S. labor market showed resilience in March, adding a better-than-expected 228,000 jobs and continuing a historic streak of job gains. However, the data,
Wall Street Wobbles as Trump Tariffs Hit Auto Sector
Markets react to new auto import duties US stocks slipped on Thursday after President Trump pushed ahead with hefty new tariffs on auto imports, stoking concerns about a potential full-on trade war
Canada’s Inflation Surges to 2.6% in February
Canada’s annual inflation rate unexpectedly jumped to 2.6% in February, surpassing expectations as the expiration of a sales tax break pushed prices higher, Statistics Canada reported on Tuesday. The surprise inflation increase
Investors Shift to Bonds as Growth Fears Hit Stocks
Investors poured into U.S. government bonds on Thursday as concerns over slowing economic growth weighed on stocks. The shift came as 10- and 30-year Treasury yields hit their highest levels this month
Wall Street Reassesses as S&P 500 Nears Correction
A nearly 10% decline in the S&P 500 (^GSPC) has led Wall Street strategists to revaluate their bullish outlooks for 2025. Goldman Sachs Lowers S&P 500 Target On Tuesday night, Goldman Sachs’
Japan Clears Key Threshold to End Long-Term Deflation
Japan has officially met the criteria for ending long-term price deflation, according to Economy Minister Ryosei Akazawa. The announcement underscores the government’s optimism about the economic outlook and could influence the timing