by Benzinga | May 9, 2025 9:26 pm | Economics
After a trade-induced slowdown bruised the economy in early 2025 and with another dip forecast for this coming fall, Wells Fargo says the Federal Reserve is poised to cut rates aggressively amid deteriorating labor market conditions. In an outlook shared this week,...
by Benzinga | May 9, 2025 9:26 pm | Economics
ST. LOUIS, May 09, 2025 (GLOBE NEWSWIRE) — A new state-by-state analysis of the costs of child care by the Federal Reserve Bank of St. Louis finds that day care is expensive and worker compensation is below the median wage in all states. The new analysis by...
by Benzinga | May 9, 2025 9:26 pm | Economics
The Bank of England (BOE) cut interest rates on Thursday as the United Kingdom struggles with economic uncertainty abroad and political disruption at home. The central bank reduced its key interest rate from 4.5% to 4.25% at its latest monetary policy meeting, citing...
by Benzinga | May 9, 2025 8:10 pm | Economics
Increasing pressure from rising borrowing costs could soon force Washington to scale back its protectionist stance. Bank of America’s chief investment strategist Michael Hartnett predicts that tariffs will decline this quarter to avoid destabilizing the massive...
by Benzinga | May 9, 2025 5:08 pm | Economics
China has expressed full confidence in its ability to manage U.S. trade issues as officials from both nations prepare for crucial weekend talks in Switzerland, marking the first major face-to-face negotiations amid the ongoing trade war. What Happened: “We have no...
by Benzinga | May 9, 2025 5:06 pm | Economics
U.S. stock futures fluctuated between gains and losses on Friday, following a three-day winning streak. Major benchmark index futures were mixed in premarket trading. The U.S. and U.K. sealed a bilateral trade deal, cutting tariffs, boosting industrial ties, and...
by Benzinga | May 9, 2025 4:06 pm | Economics
Ivanka Trump, the daughter of President Donald Trump, has unveiled her latest venture, Planet Harvest. The company aims to enhance the accessibility of fresh produce and address supply chain inefficiencies. What Happened: Trump made her first significant public...
by Benzinga | May 9, 2025 4:06 pm | Economics
The Federal Reserve kept interest rates steady Wednesday between 4.25% and 4.50%, marking the third consecutive pause in rate policy and extending the wait for potential homebuyers seeking relief from elevated mortgage costs. What Happened: Housing market participants...
by Benzinga | May 9, 2025 4:05 pm | Economics
Prominent economist Mohamed A. El-Erian has highlighted potential “adverse implications” for domestic industries following a surprisingly strong surge in China’s exports for April. In a post on X, El-Erian noted that China’s exports jumped by 8% in April,...
by Benzinga | May 9, 2025 3:06 pm | Economics
Microsoft Corporation‘s co-founder and billionaire philanthropist, Bill Gates, has recently criticized Tesla CEO Elon Musk for his actions that Gates believes are detrimental to the world’s poorest children. What Happened: Gates, in his interview with the Financial...
by Benzinga | May 9, 2025 2:05 pm | Economics
In a bold move against the United States’ tariff policy, the European Union (EU) is preparing to present its case at the World Trade Organization (WTO). The EU is also proposing countermeasures worth €95 billion ($107.4 billion). What Happened: The European Commission...
by Benzinga | May 9, 2025 9:09 am | Economics
Vice President JD Vance has openly criticized Federal Reserve Chair Jerome Powell for his economic policies, particularly concerning inflation and trade agreements. What Happened: During an interview with Fox News, Vance expressed dissatisfaction with Powell’s...
by Benzinga | May 9, 2025 7:04 am | Economics
Delray Beach, FL, May 08, 2025 (GLOBE NEWSWIRE) — Automotive Operating System Market is projected to grow from USD 12.7 billion in 2022 to USD 25.8 billion by 2030, at a CAGR of 9.2%, as per the recent study by MarketsandMarkets™. Parameters such as increasing...
by Benzinga | May 9, 2025 2:05 am | Economics
Boston, May 08, 2025 (GLOBE NEWSWIRE) — According to the latest study from BCC Research, “Tissue Diagnostics: Technologies and Global Markets” is estimated to increase from $8.9 billion in 2024 to $12.4 billion by the end of 2029, at a compound...
by Benzinga | May 9, 2025 1:07 am | Economics
WASHINGTON, May 08, 2025 (GLOBE NEWSWIRE) — Today, the Beer Institute published an unofficial estimate of taxable removals shipments by beer brewers for March 2025: March 2025 estimate of 12,500,000 barrels, for an increase of 0.7% compared to March 2024...
by Benzinga | May 8, 2025 10:09 pm | Economics
A rebound in oil prices may be closer than many expect, especially if diplomatic efforts between the U.S. and China yield even modest progress, according to Wall Street strategist Ed Yardeni. In a note shared Thursday, Yardeni said a potential turning point for crude...
by Benzinga | May 8, 2025 9:11 pm | Economics
Washington, D.C., May 08, 2025 (GLOBE NEWSWIRE) — Key Highlights Single-family existing-home sales prices climbed in 83% of measured metro areas – 189 of 228 – in the first quarter, down from 89% in the prior quarter. The national median single-family...
by Benzinga | May 8, 2025 8:09 pm | Economics
Bank of America is doubling down on its call that the Federal Reserve will not cut interest rates in 2025, underscoring the central bank’s growing discomfort with a dual threat of rising inflation and unemployment revealed at this week’s policy meeting. In...
by Benzinga | May 8, 2025 8:09 pm | Economics
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — New data collected by Cint, the leader in research and measurement technology, paints a stark picture of consumer sentiment as the 2025 TV Upfronts season approaches. With economic uncertainty looming large, Americans...
by Benzinga | May 8, 2025 8:09 pm | Economics
TAMPA, Fla., May 08, 2025 (GLOBE NEWSWIRE) — Service Leadership, Inc.®, a ConnectWise company, released the findings of its Service Leadership Index® 2025 Annual IT Solution Provider Industry Profitability Report™. The report features extensive data analysis...
