Crypto has had a wild ride lately. It's like a rollercoaster that won't stop. Despite getting everything it wanted, the industry is still struggling. Bitcoin, the most famous crypto, has dropped 30% from its peak in October. That's a big deal, especially when you compare it to the stock market's smaller dip. Some people think crypto is a scam. One of them is Ben McK...
Russia's economy is in a bit of a tight spot. After a few years of growth fueled by war spending, things are slowing down. Oil prices are dropping, and the government is spending more than it earns. So, where is the Kremlin looking to make up the difference? Right into the wallets of ordinary people and small businesses. Get ready to pay more for just about everythi...
China is making a big change to handle its money problems. They just created a new team to keep an eye on government debt. This is a big deal because China's economy is not growing as fast as before, and they have a lot of debt to manage. The new team will make rules and plans for both national and local government debt. They will also set limits on how much debt is...
The U. S. job market is feeling the heat from President Trump's trade policies. Hiring has taken a nosedive, adding only 73, 000 jobs last month, which is way below what experts expected. To make things worse, previous months' job numbers were revised down by a huge 258, 000. The unemployment rate has also gone up to 4. 2%, with more people giving up on finding work....
Lululemon, a popular athletic wear brand, recently shared its financial results for the first quarter of 2025. The company managed to exceed Wall Street's earnings and revenue expectations. However, it also lowered its full-year earnings forecast, citing challenges from tariffs and a slowing U. S. economy. This move highlights the tough decisions companies face in a ...
The job market is showing signs of slowing down. In May, the private sector saw the smallest increase in jobs in over two years. This news comes from a report by a company that processes payrolls. The numbers are not looking great. Only 37, 000 new jobs were added. This is much lower than the 60, 000 jobs added in April, which was also revised downwards. It is ...
Burberry, a well-known British fashion brand, has decided to reduce its global workforce by 18% by 2027. This means around 1, 700 jobs are at risk. The company recently reported a loss of 3 million pounds and a significant drop in revenue for the year ending March 29. This news comes as no surprise, given the tough times the luxury fashion industry has faced recently...
The Federal Reserve, often called the Fed, has a big job. It needs to keep the economy healthy. This means making sure prices don't go up too fast and that people have jobs. Right now, the Fed is facing some big challenges. The president has been putting pressure on the Fed chairman, Jerome Powell. Sometimes, the president wants to fire Powell. Other times, he tells ...
People in the US are feeling less sure about the economy. This feeling has been getting worse for five months straight. Now, it is at its lowest point since the COVID-19 pandemic started. The Conference Board, which tracks how people feel about the economy, said its confidence index dropped by 7. 9 points in April. This is the lowest it has been since May 2020. Many...
In the past few years, the private jet market in China has seen a sharp drop. The number of private jets in mainland China, Hong Kong, and Macau has fallen by a third since 2017. This might seem surprising, given that private aviation is booming in many other parts of the world. However, several factors have contributed to this decline. The economic slowdown in ...