Economy News

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

Musk and Trump Discuss Key Issues but Skip Crypto

On Monday, Elon Musk and former President Donald Trump held a highly anticipated interview, tackling various subjects including inflation, trade, and nuclear energy.

13.08.2024 14:30 1 min. read Alexander Stefanov

Financial Expert Foresees Huge Drop in Crypto Markets Amid U.S. Bubble Burst

A well-known economist who previously forecasted signs of economic strain in the U.S. by mid-2024 now anticipates a severe collapse in the cryptocurrency market.

13.08.2024 15:00 1 min. read Alexander Stefanov

Delaying Rate Cuts Will be Bad for the U.S. According to Bank of America CEO

As the Federal Reserve maintains its policy interest rate at a 23-year high of 5.25%-5.50%, anticipation builds for a potential rate cut in September.

12.08.2024 21:00 1 min. read Alexander Stefanov

Developing Nations Ditch U.S. Dollar for Local Currencies

Central banks across many developing nations are increasingly moving their reserves into gold and local currencies, reducing their reliance on the U.S. dollar.

12.08.2024 8:30 1 min. read Alexander Stefanov

Next Week’s U.S. Inflation Report: Here is What to Expect

The US Consumer Price Index (CPI) report for July, due on August 14, is expected to show a rise, which could influence the Federal Reserve’s upcoming rate decisions.

11.08.2024 19:00 1 min. read Alexander Stefanov

Wall Street Awaits Fed’s Decision on Interest Rate Cut

Many analysts on Wall Street are predicting that the Federal Reserve might implement its first interest rate cut in September, based on the CME FedWatch tool.

11.08.2024 8:30 1 min. read Alexander Stefanov

USA is Dodging Bullets With the Recession, but for How Long?

Concerns about a potential US recession have intensified following a global stock market drop and a weaker-than-expected jobs report.

09.08.2024 9:00 2 min. read Alexander Stefanov

U.S. Recession Risk at 35% Despite Market Volatility, Says JPMorgan CEO

JPMorgan Chase CEO Jamie Dimon recently commented on the US economy, saying that it has “not entered a recession at all” despite the market volatility seen this week.

08.08.2024 15:10 2 min. read Alexander Stefanov

Bank of Japan Sticks to Easing Policy Despite Global Economic Challenges

The Bank of Japan (BoJ) has decided to keep its monetary policy unchanged, avoiding both rate hikes and cuts.

08.08.2024 10:00 1 min. read Alexander Stefanov

Will the Bank of Japan Raise Interest Rates Amid Market Turmoil?

The Bank of Japan (BOJ) has opted to keep interest rates unchanged due to ongoing global market volatility, according to Deputy Governor Shinichi Uchida.

07.08.2024 16:00 1 min. read Alexander Stefanov

Top Economist Analyzes Japanese Market Crash and Its Impact on Bitcoin

Nassim Taleb, renowned risk analyst and author of “The Black Swan”, has provided insights into the recent Japanese market crash and its effects on Bitcoin.

07.08.2024 9:30 2 min. read Alexander Stefanov

Japan’s Stock Market Started to Recover After Yesterday’s Crash

Japan’s key Nikkei 225 index rallied more than 10 percent early Tuesday, after its biggest drop in 37 years the previous day.

06.08.2024 12:45 2 min. read Kosta Gushterov

Fed Should Cut Rates by 0.75% Immediately, According to Expert

During an interview on CNBC, Wharton’s Professor Jeremey Siegel, who is also the Chief Economist at WisdomTree calls for 0.75% emergency rate cut by the FED.

05.08.2024 15:53 1 min. read Alexander Stefanov

Fed Allegedly Calls Emergency Meeting Amid Global Market Turmoil

The U.S. Federal Reserve has called for an emergency meeting to address the recent dramatic downturn in global markets.

05.08.2024 13:07 2 min. read Alexander Stefanov

The Japanese Stock Market Faces Its Biggest Losses Since 1987

Concerns about the state of the U.S. economy are having an impact on the Japanese stock market and stock indices in Asia.

05.08.2024 10:04 2 min. read Kosta Gushterov

Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day

Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.

05.08.2024 9:56 1 min. read Kosta Gushterov

Will The Next Housing Market Crash Surpass That of 2008?

In the real estate sector, the term “housing crash” is causing concern among homeowners, investors, and financial experts. 

05.08.2024 9:49 2 min. read Kosta Gushterov

Crypto Market on Edge: Warning Signs of an Imminent Collapse

Henrik Zeberg, a well-known trader and analyst who runs The Zeberg Report, has reiterated his prediction of a major economic downturn, the worst since the 1929 Great Depression.

04.08.2024 10:00 1 min. read Alexander Stefanov

Robert Kiyosaki Sees Market Crash as Opportunity for Wealth Growth

Financial expert Robert Kiyosaki, author of “Rich Dad Poor Dad,” recently addressed his followers on the X platform about the current market conditions.

03.08.2024 18:00 1 min. read Alexander Stefanov

Top Economist Warns of Recession and Rising Inflation

Peter Schiff, an outspoken critic of Bitcoin, has warned that the United States is now in a recession and anticipates a significant increase in inflation.

03.08.2024 9:00 2 min. read Alexander Stefanov

Bank of England Cuts Interest Rates for First Time Since Pandemic

The Bank of England has lowered interest rates for the first time since the onset of the pandemic, reducing the base rate to 5%.

01.08.2024 15:44 1 min. read Alexander Stefanov

Federal Reserve Meeting Just Ended – Rates Remain Unchanged

The Federal Open Market Committee (FOMC) justs concluded their two-day meeting. 

31.07.2024 21:00 2 min. read Alexander Stefanov

Should We Expect a Rate Cut From the Fed Today?

Today is an important day for the american economy as the long-awaited Fed meeting will take place at around 19:00 (UTC).

31.07.2024 17:30 2 min. read

Here is Why a Surprise Rate Cut Could be Bad for the Markets

Investors are eagerly anticipating a signal from the Federal Reserve regarding potential interest rate cuts in September, but a sudden move this week could have negative consequences for the markets.

31.07.2024 15:39 2 min. read Alexander Stefanov

Rising Debt Spurs Recession Fears: Key Indicators to Watch

The U.S. debt level surpassed $35 trillion on July 29, amplifying worries about the economy and a possible recession.

30.07.2024 12:30 2 min. read Alexander Stefanov

US Government Spending May Lead to Bankruptcy, Expert Warns

Mike Novogratz, the CEO of Galaxy Digital, has raised alarms about the current state of US government spending, suggesting that it is on a dangerous path that could lead to bankruptcy.

29.07.2024 23:58 1 min. read Alexander Stefanov

Investors Should Adjust Their Strategies as the U.S. Debt is at $35 Trillion

JPMorgan Chase analysts are raising concerns as the U.S. national debt nears $35 trillion.

29.07.2024 12:00 1 min. read Alexander Stefanov

Rate Cuts Expected as Fed Balances Inflation and Employment

Federal Reserve officials are approaching a decision to lower borrowing costs within the next few months. Chair Jerome Powell might hint at this move soon, as concerns grow about impacting a strong yet slowing job market.

28.07.2024 18:00 2 min. read Alexander Stefanov

U.S. Economy Stands Strong After Stock Market Crash and Crypto Correction

The U.S. economy, despite what many think, is experiencing relatively strong growth, which may come as a surprise to many.

26.07.2024 15:59 2 min. read Alexander Stefanov

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

Secret Service Director Kimberly Cheatle Resigns After Trump Assassination Attempt

Kimberly Cheatle has stepped down as Director of the U.S. Secret Service following intense scrutiny over a recent security breach related to an assassination attempt on former President Donald Trump.

23.07.2024 21:15 1 min. read Alexander Stefanov

Kamala Harris Ready for Presidential Run: What’s Her Plan?

Kamala Harris may step in as the Democratic nominee for president, potentially succeeding Joe Biden. This shift brings up questions about her economic policies and their impact on the U.S.

23.07.2024 19:00 2 min. read Alexander Stefanov

Bitcoin Will Boom If Trump Wins – Robert Kiyosaki

Billionaire investor Robert Kiyosaki is once again championing Bitcoin, suggesting that a potential Trump presidency could significantly enhance its value.

23.07.2024 15:00 1 min. read Alexander Stefanov

Elon Musk Issues a Warning for the U.S Dollar

The United States has its fair share of challenges – from the drastically increasing debt, to the real estate crisis.

22.07.2024 22:20 2 min. read Alexander Stefanov

Kamala Harris Speaks for the First Time After Biden’s Endorsment

Yesterday, the current president of the United States, Joe Biden, withdrew from the 2024 presidential race.

22.07.2024 18:46 1 min. read Alexander Stefanov

Best Time to Get Rich is Approaching – Robert Kiyosaki

Robert Kiyosaki, a well-known financial expert, is warning of tough economic times ahead and advises people to prepare.

22.07.2024 10:00 2 min. read Alexander Stefanov

Donald Trump With First Comments After Joe Biden’s Withdrawal

After Joe Biden dropped out of the presidential race, Donald Trump commented on the situation via a phone call.

21.07.2024 21:42 1 min. read Alexander Stefanov

Top American Banks Report Billions in Losses Due to Rising Bad Debts

Major U.S. banks are grappling with significant financial losses due to rising unpaid debts. Bank of America, Citigroup, and Goldman Sachs have reported combined losses of $4.1 billion.

21.07.2024 8:30 1 min. read Alexander Stefanov

U.S. Economy Faces Possible Recession by End of 2024

Analysts are sounding alarms about potential economic trouble ahead for the United States. Several key indicators that have historically predicted downturns are aligning, suggesting a recession may be looming.

21.07.2024 10:00 2 min. read Alexander Stefanov

Trump Vows to Revamp Economy in 2024 Run

In Milwaukee, former President Donald Trump accepted the Republican presidential nomination after a high-energy four-day event.

21.07.2024 12:00 1 min. read Alexander Stefanov

Chinese Yuan Strengthens Against US Dollar, Reaches July High

The Chinese yuan has recently strengthened against the US dollar, reaching its highest midpoint level for July.

19.07.2024 19:45 1 min. read Alexander Stefanov

USA Should Wait Longer Before Cutting Rates – IMF

On July 18, the European Central Bank (ECB) opted to keep its key interest rates unchanged, signaling a pause aimed at addressing persistent inflation concerns.

18.07.2024 20:38 2 min. read Alexander Stefanov

ECB Signals Caution After Rate Cut as Euro Gains Ground

Traders bolstered the euro on Thursday amid signals from the European Central Bank (ECB) of cautious post-rate-cut plans, easing previous concerns over French political turmoil.

18.07.2024 21:00 1 min. read Alexander Stefanov

Global Investor Sentiment Shifts Amid Economic Outlook and Geopolitical Risks

Investor optimism is currently buoyed by expectations of potential U.S. interest rate cuts, aiming to prevent a severe economic downturn, despite escalating geopolitical risks, according to the latest survey by Bank of America.

17.07.2024 15:00 2 min. read Alexander Stefanov

Wall Street Tensions Mount Over Fed Rate Cut Predictions

Wall Street is increasingly frustrated with the Federal Reserve’s interest rate strategy, highlighted by Bank of America’s recent results.

17.07.2024 10:00 2 min. read Alexander Stefanov

Robert Kiyosaki Warns of US Financial Risks and CBDC Threats

Robert Kiyosaki, renowned investor and author of ‘Rich Dad Poor Dad,’ continues to voice stark criticisms of the US financial system.

17.07.2024 7:00 1 min. read Alexander Stefanov

Saudi Arabia Issues $3 Billion Bonds After Three-Year Break

Saudi oil giant Aramco has reentered the debt market after three years, planning to raise at least $3 billion through bonds maturing in 10, 30, and 40 years.

09.07.2024 22:00 1 min. read Alexander Stefanov

Elon Musk Raises Alarm on US Economy’s Future

In a recent social media post, Elon Musk has sparked concerns about the economic trajectory of the United States, warning that excessive government spending could lead to financial ruin.

10.07.2024 7:30 1 min. read Alexander Stefanov

Expert Forecasts Recession in the US Amidst Market Optimism and S&P 500 Surge

Henrik Zeberg, a macroeconomist, has reiterated his forecast of an impending recession, citing continued strong performance in key market sectors.

10.07.2024 12:30 1 min. read Alexander Stefanov

Jerome Powell Gave His Answer on Potential Rate Cuts

Jerome Powell’s testimony infront of the US Congress gave some insight into the Federal Reserve’s current stance on rate cuts.

09.07.2024 17:13 2 min. read Alexander Stefanov

Jerome Powell Speaks Again on Rate Cuts

Federal Reserve chair Jerome Powell testified in Capitol Hill yesterday as part of his twice-yearly report on the state of the economy.

10.07.2024 17:25 2 min. read Alexander Stefanov

Warren Buffett’s Top Stock Picks for Stable Returns

Known as the “Oracle of Omaha,” Warren Buffett leads Berkshire Hathaway with a philosophy rooted in compound investing.

11.07.2024 9:00 2 min. read Alexander Stefanov

US Economy Faces Potential Recession as Federal Reserve Rate Decisions Loom

As the US economy awaits the Federal Reserve’s next interest rate decisions, historical trends hint that these policies could indicate the timing of an upcoming recession.

09.07.2024 13:30 2 min. read Alexander Stefanov

JUST IN: Inflation Data Released – Here is What You Should Know

One of the most important data points that will shape future Federal Reserve interest rate policy was just released – the CPI.

11.07.2024 15:30 1 min. read Alexander Stefanov