Category: Economy News

Quick Look U.S. consumer confidence dips to 106.7 in February from 110.9 in January. The economy grows at a 3.3% annual pace in Q4, with a strong job addition of 353,000 in January. Despite healthy

Jeff Bezos, the founder of Amazon, made waves in the financial world with his recent sale of $6 billion worth of Amazon stock. This significant transaction was not a spur-of-the-moment decision but rather part of

Key Points U.S. President Biden calls out snack companies on “shrinkflation” practices. ECB’s new tracker anticipates eurozone wage growth to peak early in 2024. Thailand’s PM urges the central bank to cut interest rates to

The technology sector, especially prominent Big Tech firms, is facing ongoing layoffs as companies adjust to economic uncertainties. Major corporations such as Amazon, Google, Salesforce, and others have announced significant job reductions impacting various operations,

At A Glance The US economy’s growth remains robust, surpassing 3% last year, despite significant interest rate hikes. The “neutral rate” concept is central to Federal Reserve policy discussions, influencing decisions on monetary policy’s restrictiveness

As we explore the economic landscape of February 2024, key developments have surfaced, illustrating a dynamic global economy. Recent analyses from Reuters and Deloitte Insights offer an in-depth view of the current economic climate, characterized

In a recent statement that has captured the attention of financial markets worldwide, Jerome Powell, the Chair of the Federal Reserve, announced the Fed’s anticipation of reducing interest rates by 0.75 per cent. This significant

In a surprising turn of events, PayPal has announced another round of layoffs, signalling a strategic shift for the digital payments giant. This move raises questions about the company’s internal dynamics, its response to market