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,
Stocks Begin 2025 With Optimism Despite Tech Declines
Stocks saw slight gains on Thursday in the first trading session of the new year, as investors expressed cautious optimism that the market could sustain the momentum that delivered two consecutive years
Banks Sue Federal Reserve Over Annual Stress Tests
A coalition of banks and business groups has filed a lawsuit against the Federal Reserve, challenging the annual bank stress test process. The plaintiffs, which include the Bank Policy Institute (BPI), the
Fed Cuts Rates Again but Signals Limited Reductions Ahead
The Federal Reserve on Wednesday delivered its third consecutive interest rate cut, reducing its key rate by a quarter percentage point. The move brings the target range for the federal funds rate
China Plans Record Fiscal Deficit to Boost 2025 Growth
Chinese leaders have agreed to raise the budget deficit to 4% of gross domestic product (GDP) in 2025, marking the highest level on record. The move reflects a more proactive fiscal policy
US Trade Deficit Narrows Amid Drop in Imports
The U.S. trade deficit contracted sharply in October, marking the largest drop in imports since late 2022. This significant shift positions trade to potentially contribute positively to economic growth in the fourth
Canada’s Economy Grows 1% in Q3 Amid Sluggish Momentum
Canada’s economy grew at an annualized rate of 1% in the third quarter, aligning with market expectations, according to Statistics Canada data released Friday. The growth was supported by household and government
Canada’s October Inflation Rises to 2% Amid Base-Year Effects, Economists Debate BoC’s Next Move
Canada’s inflation rate rose to 2% in October, up from 1.6% in September, driven by base-year effects on gasoline prices, Statistics Canada reported on Tuesday. This increase has stirred mixed reactions among
China’s $1.4 Trillion Debt Plan Aims to Stabilize Economy Without Direct Stimulus
In a significant move to tackle local government financing challenges and revitalize economic growth, China announced a substantial 10 trillion yuan ($1.4 trillion) debt relief package. This decision, disclosed on Friday, strategically
How a Harris or Trump Presidency Could Shape the Stock Market
As the U.S. stock market climbs during the current presidential campaign, investors are eyeing how the potential election of either Vice President Kamala Harris or former President Donald Trump may impact this
Global Inflation Tamed, But Economic Uncertainty Remains Says IMF
Inflation, once a dominant global concern, is being brought under control, according to the International Monetary Fund (IMF). In a surprising shift from its more cautious outlook earlier this year, the IMF