by Benzinga | May 2, 2025 3:07 am | Economics
Oil prices jumped sharply Thursday after President Donald Trump took to Truth Social, telling all nations to cease purchases of Iranian oil and petrochemicals, or violators will face sweeping U.S. secondary sanctions. “All purchases of Iranian Oil, or...
by Benzinga | May 2, 2025 3:06 am | Economics
After a bruising tariff-driven selloff in early April, U.S. equities have staged an astonishing comeback. In just 20 trading sessions, the S&P 500 index – as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) – has recouped its post-tariff announcement losses...
by Benzinga | May 2, 2025 2:05 am | Economics
WASHINGTON, May 01, 2025 (GLOBE NEWSWIRE) — In an era of technological disruption, broken institutions, and deepening global divides, former CIA advisor Jim Rickards believes the United States still holds one card no one’s played—and it doesn’t...
by Benzinga | May 1, 2025 11:05 pm | Economics
Toronto, ON, May 01, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced the first quarter of 2025 results of the Applied Rating Index™, the Canadian insurance industry’s premium rate index. In Q1 2025, average premiums for both Personal Auto lines...
by Benzinga | May 1, 2025 10:06 pm | Economics
The U.S. manufacturing sector shrank for the second straight month in April, driven by weakening demand and rising price pressures linked to tariffs, according to the latest data from the Institute for Supply Management (ISM). The ISM Manufacturing Purchasing...
by Benzinga | May 1, 2025 9:08 pm | Economics
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) — Twenty-seven mining projects, representing $90 billion in economic activity have the potential to deliver major benefits for BC and Canada at a time of global instability, a slowing provincial economy...
by Benzinga | May 1, 2025 8:10 pm | Economics
Delray Beach, FL, May 01, 2025 (GLOBE NEWSWIRE) — The Payment Processing Solutions Market is projected to grow from USD 103.2 billion in 2023 to USD 160.0 billion by 2028, at a CAGR of 9.2% during the forecast period, according to a new report by...
by Benzinga | May 1, 2025 8:10 pm | Economics
Crude oil’s decline shows no signs of ending, with prices sinking more than 2% below $57 per barrel on Thursday morning as markets brace for a potential OPEC+ supply hike and rising signs of economic stress across major economies. West Texas Intermediate crude...
by Benzinga | May 1, 2025 8:10 pm | Economics
STAFFORD, Texas, May 01, 2025 (GLOBE NEWSWIRE) — New data from Money Management International (MMI), a leading national nonprofit credit counseling agency, reveals a striking shift: men are reaching out for credit counseling services in significantly higher...
by Benzinga | May 1, 2025 7:05 pm | Economics
WASHINGTON, May 01, 2025 (GLOBE NEWSWIRE) — Associated Builders and Contractors today released its 2025 Health and Safety Performance Report, an annual guide to construction jobsite health and safety best practices. As a proud sponsor, ABC published the report...
by Benzinga | May 1, 2025 5:03 pm | Economics
U.S. stock futures climbed early Thursday, buoyed by strong earnings reports from two of the “Magnificent 7” companies after Wednesday’s market close. While markets were rattled by the Commerce Department’s report of a 0.3% GDP contraction,...
by Benzinga | May 1, 2025 12:06 pm | Economics
President Donald Trump renewed his criticism of the Federal Reserve for holding off on interest rate cuts. What Happened: On Tuesday, Trump once again called out the Federal Reserve for not cutting interest rates in an interview with ABC News, marking the 100th day...
by Benzinga | May 1, 2025 10:05 am | Economics
President Donald Trump deflects blame for the U.S. economy’s 0.3% contraction in the first quarter onto his predecessor, despite clear evidence indicating otherwise. What Happened: On Wednesday, Trump posted on Truth Social, blaming former President Joe Biden...
by Benzinga | May 1, 2025 1:05 am | Economics
Editor’s Note: This article has been updated to accurately reflect President Donald Trump’s current status. President Donald Trump took to Truth Social on Wednesday to distance himself from the current state of the stock market, reminding followers,...
by Benzinga | May 1, 2025 1:05 am | Economics
Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the impact of Trump tariffs. U.S. GDP shrank by 0.3% in the last quarter, marking the first economic contraction since 2022 and...
by Benzinga | May 1, 2025 12:05 am | Economics
Austin, TX, USA, April 30, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Multi Cancer Early Detection Market Size, Trends and Insights By Type (Liquid Biopsy, Gene Panel, LDT (Laboratory Developed Tests),...
by Benzinga | April 30, 2025 11:05 pm | Economics
The U.S. economy contracted for the first time in three years at the beginning of 2025 as a surge of imports ahead of Trump’s tariffs pulled GDP negative in the first quarter. The Details: Gross domestic product declined by 0.3% on an annualized basis during...
by Benzinga | April 30, 2025 11:05 pm | Economics
President Donald Trump took to Truth Social on Wednesday to distance himself from the current state of the stock market, reminding followers, “This is Biden’s Stock Market, not Trump’s.” Trump, who began his term on Jan. 20, said the current...
by Benzinga | April 30, 2025 9:08 pm | Economics
A closely watched inflation gauge used by U.S. policymakers cooled in March, signaling easing price pressures ahead of the April 2 tariff announcement, as consumers and businesses assessed the potential economic impact. The Personal Consumption Expenditures (PCE)...
by Benzinga | April 30, 2025 9:08 pm | Economics
WASHINGTON, April 30, 2025 (GLOBE NEWSWIRE) — Key Highlights Pending home sales in March leapt 6.1%. Compared to one month ago, pending home sales declined in the Northeast, while the Midwest, West – and especially the South – underwent increases....