The U. S. economy is in a steady state. It's not perfect, but it's not terrible either. The job market is strong, with plenty of jobs available and people finding work. However, there are some concerns. Inflation is a bit higher than the target of 2 percent. This means prices are going up a bit fast
The Euro is having a tough time right now. It dropped to around 1. 0830 against the US Dollar. This happened because the European Central Bank (ECB) is worried about the trade war led by US President Donald Trump. The ECB's president, Christine Lagarde, thinks this trade war could slow down the Euro
In a surprising turn, the UK's inflation rate dropped to 2. 5% in December 2024, catching economists off guard. The consumer price index (CPI) had previously been at 2. 6% in November. Core inflation, which doesn't include the ups and downs of food and energy prices, also dipped to 3. 2%, down from
Get ready for a big change in the social media world! TikTok, the popular video app with over 170 million US users, is set to be shut down in the US next Sunday. This is happening because of a law passed by Congress back in April, which requires TikTok’s Chinese parent company, ByteDance, to sell it
Businesses in the UK are feeling the pinch, big time! A new survey by the British Chambers of Commerce shows that confidence among firms has hit a new low since the infamous "mini-budget" crisis of late 2022. The big worry? Taxes! Over 60% of businesses are fretting over their tax bills, which have
As 2024 draws to a close, mortgage rates are on the rise again. The average 30-year fixed-rate mortgage is now just below 7%, the highest it's been in six months. This increase comes despite the Federal Reserve's recent rate cut. The central bank, however, is less optimistic about further cuts this
On Wednesday, the market took a tumble with the Dow Jones losing over 1, 100 points. Surprisingly, this happened after the Federal Reserve announced plans to cut interest rates twice more in 2025. The S&P 500 and Russell 2000 also suffered significant losses, falling below important thresholds. Trea
Do you know that when Treasury yields go up, prices go down? Today, the 10-year Treasury note was barely changing, sitting around 4. 39%. Meanwhile, the 2-year Treasury note wasn't moving much either, hanging around 4. 21%. This happened right before the Federal Reserve makes its decision about inte
The Dow Jones Industrial Average has been falling for the longest stretch in over 40 years. Investors are losing hope that the Federal Reserve will quickly cut interest rates next year. The Fed is meeting this week to decide on another rate cut. But investors are unsure how aggressive the central ba
Germany is gearing up for early elections after Chancellor Olaf Scholz lost a critical vote of confidence. The defeat happened on Monday, with 207 votes in favor and 394 against. This opens the door for parliamentary dissolution and early elections, scheduled for February 23. Pre-election polls sho
