Category: Economy News

The excitement in the housing market has taken a nosedive as mortgage rates skyrocketed beyond 7%.   The Mortgage Bankers Association’s index revealed that the number of mortgage applications for home purchases sank to its

As 2023 progresses, the economic narrative is taking a new turn, with declining inflation coinciding with robust economic growth, steering the United States away from a potential recession. This unexpected economic scenario unfolds against the

Turkish investors are turning to initial public offerings (IPOs) with renewed vigor as a defensive measure against the looming threat of resurging inflation. The Turkish stock market is witnessing a surge in retail investors eagerly

Mortgage rates have surged past the 7% mark, reaching their highest point in over two decades, dealing a blow to potential homebuyers and further complicating the housing market landscape. The average rate on the widely

In the complex world of politics, where uncertainty often reigns, the ongoing criminal trials involving former President Donald Trump are throwing a curveball into the already intricate landscape. As prosecutors delve into a myriad of

In the past few months, the China unemployment rate for youth has skyrocketed. The situation has become so bad that the government has seemingly stopped releasing data for it altogether. The government has stated that

President Luiz Inacio Lula da Silva has unveiled an extensive $350 billion infrastructure investment plan aimed at revitalizing Brazil’s economy and driving a sustainable transition.   The bulk of this investment, totaling $264 billion, is

In a striking move, Moody’s Investors Service has once again drawn attention to the financial challenges that continue to shadow the banking industry. On Tuesday, stocks of regional banks experienced a notable decline as Moody’s