Stock market, central bank and economic news: indices, rates, inflation, currencies and the data driving global markets.
Recent analysis from Goldman Sachs indicates that former President Trump’s immigration policies are effectively curtailing the surge in border crossings that reached unprecedented levels during the Biden administration. A team of Goldman analysts, including Elsie Peng, David Mericle, and Alec Phillips, documented how net immigration, which peaked at 3.
In a concerning incident on the House floor, Democratic Representative John Larson of Connecticut experienced a significant pause during his speech that lasted nearly a minute, adding to growing concerns about aging politicians in Congress. The 76-year-old congressman was delivering remarks opposing the involvement of Elon Musk and
Recent warnings from Poland’s outgoing President Andrzej Duda have sparked concerns about potential security risks posed by Ukrainian veterans across Europe. In discussions with the Financial Times, Duda drew parallels between the current situation and the aftermath of the Soviet-Afghan War, suggesting that combat-traumatized Ukrainian soldiers might
Recent diplomatic discussions have revealed that Russia would consider allowing foreign peacekeeping forces in Ukraine, but only under specific United Nations Security Council authorization, according to statements from Moscow’s UN ambassador Vassily Nebenzia. The topic emerged following comments by French Foreign Minister Jean-Noel Barrot in late 2023, who
In a stunning development that threatens the balance of constitutional powers, Federal District Court Judge Paul Engelmayer of the Southern District of New York has issued a controversial order effectively barring President Trump’s administration from accessing the Treasury Department’s systems and data. The order came after Elon Musk
Financial expert and former Wall Street executive Ed Dowd has released a sobering new analysis predicting an unavoidable global economic downturn in 2025. In his latest report, Dowd highlights how artificial economic stimulation during the Biden presidency is setting the stage for an imminent market correction. According to Dowd’s
President Trump has ordered Elon Musk and the Department of Government Efficiency (DOGE) to examine Pentagon expenditures following the Defense Department’s seventh consecutive failed audit. The announcement came during a pre-Super Bowl interview with Fox News host Bret Baier, where Trump outlined plans for DOGE to scrutinize both
Recent developments in U.S. foreign policy have highlighted significant changes to USAID under the Trump administration’s second term. Secretary of State Marco Rubio has assumed the role of acting administrator as the agency undergoes comprehensive reforms, following an Executive Order that suspended foreign aid for 90 days, with
President Donald Trump is set to issue an executive order Wednesday aimed at prohibiting biological males from participating in women’s athletic competitions. The measure, focused on enforcing Title IX regulations established in 1972, seeks to maintain fair competition in women’s sports. According to White House officials, the executive
During a recent interview at the Mining Indaba conference in Cape Town, South Africa, De Beers Chief Executive Officer Al Cook revealed encouraging signs of recovery in the American diamond market. Speaking with Bloomberg Television, Cook noted an 8% year-over-year increase in US diamond jewelry demand during November
In a significant move affecting international commerce, the United States Postal Service has implemented a suspension on incoming package deliveries from China and Hong Kong, impacting major online retailers like Shein and Temu. The suspension specifically targets parcels while allowing letters and flat mail to continue unimpeded. This action follows
The housing market faces mounting challenges in 2025 as potential homebuyers navigate multiple obstacles, from elevated interest rates to increasing home prices and limited inventory. While mortgage rates remain a significant concern, various economic factors are creating additional barriers to homeownership. Current mortgage rates stand at 6.95%, following a
