Economy News

Global economy, politics, stock markets, gold, oil and more.

Kamala Harris’s Policies Will Harm the Middle Class, According to Forbes Editor-in-Chief

Steve Forbes, a prominent American executive and publisher, has criticized Kamala Harris’s policies, claiming they would adversely affect the middle class.

26.07.2024 11:30 1 min. read Alexander Stefanov

The US Economy Outpaces Expectations in the Second Quarter

The Bureau of Economic Analysis’s advance estimate revealed that the US gross domestic product (GDP) grew at an annualized rate of 2.8% in the second quarter, surpassing the 2% growth predicted by Bloomberg-surveyed economists.

25.07.2024 16:47 1 min. read Alexander Stefanov

Interest Rates Should be Cut Immediately, According to a Former President of the New York Fed

Bill Dudley, the former president of the Federal Reserve Bank of New York, reversed his position, advocating an immediate cut in interest rates instead of keeping them higher for an extended period.

25.07.2024 22:00 2 min. read Kosta Gushterov

Peter Schiff Predicts a Crypto Market Crash and Shares How the Next Recession Will Start

Renowned economist Peter Schiff has warned that conditions in the cryptocurrency sector are predisposing for a potential crash.

25.07.2024 12:45 2 min. read Kosta Gushterov

The Stock Market Lost $1 Trillion on its Worst Day Since 2022 – Who’s to Blame?

Investor enthusiasm for artificial intelligence (AI) weakened on Wednesday, sparking a $1 trillion drop in the Nasdaq 100 Index.

25.07.2024 13:00 1 min. read Kosta Gushterov

Trump’s Crypto Endorsement Could Shake Up European Financial Stability

Europe is bracing for potential upheaval as former President Donald Trump prepares to endorse cryptocurrency at an upcoming conference in Nashville.

25.07.2024 18:00 2 min. read Alexander Stefanov

Can AI Technology Spark a Worldwide Economic Crash?

Artificial intelligence (AI) is transforming global economies, but its rapid growth raises concerns about potential economic instability.

25.07.2024 14:00 1 min. read Alexander Stefanov