Category: Finance
US Household Debt Hits Record as Credit Card Stress Rises
American households are feeling the pinch of rising debt as total household debt hit an unprecedented $17.9 trillion in the last quarter, according to the [more…]
US Job Market Wobbles Amid Strikes, Hurricanes, Fed Cuts
Last week’s slight uptick in new unemployment claims indicates little overall change in the U.S. labor market but highlights October’s near-stagnant job growth, primarily driven [more…]
Trump’s Win Spurs Tech Uncertainty: AI, Antitrust, Tariffs
Donald Trump’s reelection as the 47th President has raised pivotal questions about the future of the U.S. tech industry. With potential shifts in AI regulation, [more…]
U.S. Consumer Spending Rises in September, Supporting Growth
U.S. consumer spending continued its upward trend in September, pushing the economy toward a stronger growth path as it heads into the year’s final quarter. [more…]
Consumer Confidence Surges Ahead of U.S. Election Despite Decline in Job Openings
Consumer optimism in the U.S. economy surged in October, despite recent job data showing a decline in available positions. According to the Conference Board, its [more…]
China’s Economic Optimism: Aiming for 5% Growth with Pro-Growth Policies
China is confidently targeting a 5% GDP growth for 2024, bolstered by recent fiscal and monetary policy adjustments aimed at stimulating the economy. At the [more…]
Bank of Canada Lowers Interest Rates to Support Economic Growth
The Bank of Canada announced today a reduction in its target for the overnight rate to 3.75%, with the Bank Rate set at 4% and [more…]
How JPMorgan Defies Market Competition with Hefty Profits and Tech Investment
JPMorgan Chase, led by CEO Jamie Dimon, continues to post impressive profits, even as analysts question its dominance in the highly competitive U.S. banking industry. [more…]
Dollar Hits Seven-Week High as Strong Jobs Data Dampens Rate Cut Hopes
The U.S. dollar surged to a seven-week high on Friday, marking its largest weekly gain since September 2022. This followed a surprisingly strong jobs report, [more…]
Resouro follows up record recoveries with new round of Brazilian rare earths testwork
Resouro has started the next phase of metallurgical testwork on ore from its 1.7 billion tonne Tiros Titanium and Rare Earths project This phase follows [more…]
