Economy
The number of Americans applying for unemployment benefits declined last week, offering fresh evidence that the U.S. labor market remains resilient even as hiring activity continues to moderate. According to new data released by the United States Department of Labor, initial claims for state unemployment......
A new report from global investment bank Morgan Stanley highlights a major shift in the energy storage sector, driven by the rapid development of low-cost sodium-based battery technologies that could redefine global energy systems in the coming decades. The report indicates that sodium-ion batteries,......
Global personal wealth recorded its strongest annual expansion in several years during 2025, creating nearly one million new U.S. dollar millionaires as financial markets delivered robust returns, according to the latest UBS Global Wealth Report. The Swiss banking group reported that total global personal......
The European Union has formally approved its trade agreement with the United States, clearing the way for the deal to enter into force before the implementation deadline set by Washington. The decision follows months of legislative procedures and negotiations aimed at balancing economic cooperation with......
The United States economy recorded a stronger pace of growth in the first quarter of 2026, according to data released by the Department of Commerce, signaling a gradual recovery following the disruptions caused by a prolonged federal shutdown in the previous year. The final estimate of gross domestic......
Federal Reserve overhauls banking supervision structure to boost efficiency and transparency The U.S. Federal Reserve has launched a major reform of its banking supervision framework, approving a comprehensive restructuring plan aimed at improving oversight efficiency, strengthening transparency, and......
The US dollar has extended its gains, reaching its highest level in 13 months against major global currencies, as investors turn to safer assets amid growing uncertainty in financial markets. The currency rally comes as global stock markets experience increased volatility, driven largely by a sell-off......
The United States Department of Energy has announced a major funding package worth $17.5 billion aimed at accelerating the development of nuclear power across the country, in what officials describe as a strategic effort to strengthen national energy security and expand electricity generation capacity. The......
US President Donald Trump has announced that major American automotive manufacturers, including Ford and General Motors, could soon be involved in the production of military equipment for the United States armed forces, including advanced missile systems. Speaking to reporters at the White House, Trump......
The space and technology company SpaceX has announced its first-ever issuance of investment-grade bonds, marking a major shift in its financing strategy as it seeks to support expansion plans and manage existing debt obligations. The company, founded by Elon Musk, is reportedly aiming to raise billions......
Bank of America’s research division has projected that the US Federal Reserve could resume raising interest rates in 2026 as policymakers continue to monitor inflationary pressures and the resilience of the American economy. According to the bank’s latest outlook, the central bank may implement......
The United States has issued a temporary waiver allowing limited Iranian oil sales, marking a notable shift in sanctions policy following recent diplomatic discussions held in Switzerland. According to official statements, the U.S. Treasury Department authorized a 60-day general license permitting the......
China has introduced new export restrictions on rare earth materials, further intensifying economic and technological competition with the United States and raising concerns over the stability of global supply chains. According to China’s Ministry of Commerce, several US-linked companies have......
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