Category: Finance
Wealthy Drive Spending as Others Struggle
A K-Shaped Economy Emerges The U.S. economy is showing signs of a deep divide in consumer behavior. Wealthy households are sustaining overall spending levels, while [more…]
Reinhart Warns of Rising Recession Risk in U.S. Economy
Former World Bank economist cites tariffs, Fed tensions Carmen Reinhart, Harvard professor and former chief economist at The World Bank, is warning that recession risks [more…]
Canada’s GDP Dips 0.1% in May, Modest Rebound Expected
Retail sector drags May output, June outlook more optimistic Canada’s economy contracted by 0.1% in May, matching analysts’ forecasts, according to data released Thursday by [more…]
JPMorgan Plans New Fees for Fintechs Amid API Surge
Massive API Traffic Sparks Concerns JPMorgan Chase is preparing to impose new fees on fintech data aggregators like Plaid, following a surge in API traffic [more…]
Oil Prices Climb on U.S.-EU Deal and Russia Deadline
Geopolitical Moves Lift Crude Futures Oil prices jumped 2% on Monday as markets reacted to a sweeping trade pact between the U.S. and European Union, [more…]
ECB Holds Steady Amid Euro Retreat and Trade Tensions
Tariff uncertainty gives ECB cover to delay policy changes The European Central Bank is expected to keep interest rates unchanged this week, using continued ambiguity [more…]
Volatile Markets Fuel Trading Surge at Big U.S. Banks
Wall Street Traders Cash In on Record Market Swings The second quarter of 2025 brought exceptional profits for equities trading desks at the nation’s largest [more…]
Markets Surge on Tariff Optimism, But Risks Remain
Stock Rally Fueled by Belief Trump Will Ease Tariff Pressure The sharp rebound in equity markets since early April appears driven by investors’ confidence that [more…]
June CPI Data to Show Tariff-Driven Price Bump
Inflation Seen Accelerating as Tariffs Start to Bite Investors are bracing for a noticeable uptick in U.S. inflation as the June Consumer Price Index (CPI) [more…]
Markets Steady as Inflation and Earnings Take Center Stage
Stocks Ease From Highs Amid Trade Jitters and Key Data Ahead U.S. stocks edged lower on Monday following a recent rally to record highs, as [more…]
