Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Economy
Sharp Decline in January US Retail Sales Signals Economic Caution
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UK Economy Enters Recession, Challenging Sunak's Growth Pledge
"The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
"consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
The Latest
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US Jobless Claims Hit One-Month High During Thanksgiving Week, Continuing Claims Decline
Applications for unemployment benefits in the United States rose to their highest level in a month during the week ending November 30, but the labor market remains resilient overall, according to new data from the Labor Department. Initial jobless claims increased by 9,000 to a seasonally adjusted 224,000, above analysts' expectations of 215,000. 
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US Job Openings Rise to 7.74 Million in October as Hiring Slumps
Job openings in the United States rose unexpectedly in October, defying forecasts and offering a mixed picture of the labor market as hiring slowed and payroll growth hit a multi-year low. The Bureau of Labor Statistics (BLS) reported on Tuesday that job openings reached 7.74 million, an increase from September's revised figure of 7.37 million. 
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Eurozone Inflation Climbs to 2.3%, Raising Stakes for ECB Rate Decision
Inflation in the eurozone increased to 2.3% in November, surpassing the European Central Bank's (ECB) 2% target and adding complexity to the bank's upcoming interest rate decision. The rise, reported by EU statistics agency Eurostat, marks an uptick from October's 2% figure, although inflation remains far below the peak of 10.6% seen in October 2022. 
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Russia’s Ruble Hits Historic Lows as Economy Struggles Amid Sanctions and Military Spending
Russia's ruble has plunged to its weakest level against the U.S. dollar since the early days of its full-scale invasion of Ukraine, reflecting deepening economic troubles amid escalating geopolitical tensions and the strain of international sanctions. The ruble touched 110 per dollar on Wednesday, its lowest since March 2022, a dramatic drop from the 75-80 range it held before the war began. 
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US Inflation Picks Up in October, Challenging Fed's Path for Rate Cuts
Consumer inflation rose in October, signaling persistent pricing pressures that could complicate the Federal Reserve's approach to easing interest rates in the months ahead. According to the Commerce Department's report on Wednesday, the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased by 2.3% compared to a year earlier, up from 2.1% in September. Excluding volatile food and energy prices, core inflation climbed 2.8% year-over-year, a slight uptick from September's 2.7%. 
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U.S. Economy Expands by 2.8% in Third Quarter, Consumer Spending Drives Growth
The U.S. economy expanded at a solid 2.8% annual rate in the third quarter of 2024, reflecting sustained consumer spending and a significant boost from exports. The Commerce Department's second estimate, released Wednesday, confirmed earlier projections, underscoring the economy's resilience amid persistent inflation concerns. 
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Mexico Vows Retaliation as Trump Threatens Sweeping Tariffs on Day One
President-elect Donald Trump has announced plans to impose sweeping tariffs on goods from Mexico, Canada, and China immediately upon taking office, framing the move as part of his strategy to combat illegal immigration and drug trafficking. Trump revealed his intentions Monday night in a series of posts on his social media platform. 
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Trump Threatens New Tariffs on Mexico, Canada, and China Over Border, Drug Concerns
President-elect Donald Trump announced Monday plans to impose sweeping new tariffs on Mexico, Canada, and China as part of his effort to combat illegal immigration and drug trafficking. Posting on his Truth Social platform, Trump pledged to implement a 25% tariff on all goods entering the United States from Mexico and Canada and a 10% tariff on Chinese imports. The measures, he stated, would be enacted through an executive order on his first day in office, January 20. 
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U.S. Jobless Claims Fall to Seven-Month Low Amid Signs of Labor Market Strength
The number of Americans filing for unemployment benefits fell to 213,000 last week, marking a seven-month low and indicating continued resilience in the labor market. The Department of Labor reported Thursday that claims dropped by 6,000 for the week ending November 16, coming in below economists' forecasts of 220,000. 
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U.S. Home Sales Surge in October as Buyers Capitalize on Lower Mortgage Rates
Sales of previously owned U.S. homes rebounded sharply in October, marking the first annual increase in more than three years as homebuyers took advantage of a temporary dip in mortgage rates. According to the National Association of Realtors (NAR), home sales rose 3.4% from September, reaching a seasonally adjusted annualized rate of 3.96 million units. This represents a 2.9% increase from October 2022 and signals a potential turning point after years of declining activity in the housing market. 
