At the World Economic Forum in Davos, leading economists warned that former US President Donald Trump’s threats to weaponize the dollar could accelerate its decline as the world’s reserve currency. Trump’s recent statements about imposing sanctions and restricting dollar transactions have raised alarm among financial experts, who argue such moves[Read More…]

The Old Dominion University (ODU) released its annual economic forecast on Tuesday, projecting a year of sluggish growth and heightened uncertainty for the US economy in 2025. Economists cite rising interest rates, geopolitical tensions, and consumer spending slowdowns as key factors dampening economic prospects. The report anticipates GDP growth of[Read More…]

As the UK grapples with economic recovery post-Brexit, rising global protectionism presents both challenges and opportunities for its economy. A new report from the Economics Observatory examines how foreign and domestic trade barriers are influencing key sectors, including manufacturing, agriculture, and services. The report highlights that foreign protectionist policies, such[Read More…]

NEW YORK — Wall Street rallied on Wednesday, January 15, after the latest inflation report showed continued progress in reducing price hikes, boosting investor confidence in the U.S. economy. The Consumer Price Index (CPI) rose by just 3.2% in December, marking a significant improvement over previous months and signaling that[Read More…]

HOUSTON — The oil and gas industry is celebrating the return of Donald J. Trump to the White House, anticipating policy shifts that could ease regulations and prioritise fossil fuel production. Meanwhile, the clean energy sector is bracing for potential setbacks as Trump signals a renewed focus on traditional energy[Read More…]

WASHINGTON — Former President Donald Trump has reignited trade tensions with China, announcing on Monday that additional tariffs on Chinese goods will take effect on February 1. The move, which could impact $200 billion worth of imports, underscores Trump’s hardline stance on trade and intellectual property issues in his second[Read More…]

WASHINGTON — Core inflation in the U.S. slowed to 3.2% in December, marking a significant step in the Federal Reserve’s efforts to tame rising prices. The figure, which fell below economists’ expectations, signals that the central bank’s aggressive interest rate hikes throughout 2024 are starting to yield results. The slowdown[Read More…]

WASHINGTON — President Joe Biden’s administration is boasting impressive economic growth and record-breaking job creation, yet public approval remains stubbornly low. According to recent reports, the U.S. economy has experienced robust GDP expansion and near-record low unemployment rates, but Americans continue to feel dissatisfied due to lingering affordability concerns and[Read More…]

In an era dominated by social media influencers promoting endless products, a new trend is emerging: “deinfluencing.” The Better Business Bureau (BBB) is advising consumers to embrace this movement to achieve their 2025 financial goals. Deinfluencing encourages individuals to critically assess their spending habits, especially those influenced by online personalities.[Read More…]

In a recent LBC Radio interview, Conservative leader Kemi Badenoch suggested that her party is considering increased means-testing for government support, sparking a debate over the future of the UK’s “triple lock” pension policy. The “triple lock” ensures that state pensions rise annually by the highest of inflation, average earnings,[Read More…]