Markets
Historic Drop in Consumer Sentiment Signals Looming Unemployment Crisis
Recent data reveals a steep drop in consumer confidence, driven by growing unemployment fears and signaling economic instability.
Recent data reveals a steep drop in consumer confidence, driven by growing unemployment fears and signaling economic instability.
Ford slashes EV battery orders as broader industry deceleration impacts its financial stability.
The Biden administration plans to raise tariffs on Chinese electric vehicle imports from 25% to 100%.
U.S. Treasury Secretary Janet Yellen calls for expanded regulatory oversight of the nonbank mortgage sector during a Financial Stability Oversight Council meeting.
The California Public Utility Commission has approved an increase in fixed utility charges to $24.15 for most customers starting in 2025.
U.S. unemployment claims have spiked to an eight-month peak, signaling brewing troubles in the labor market.
The U.S. Treasury Department has extended a general license allowing specific transactions with Venezuela’s PDVSA until November 15.
The University of Michigan's Consumer Sentiment Index dropped to a six-month low of 67.4, indicating widespread concerns about inflation, interest rates, and labor market stability.
Recent data reveals a steep drop in consumer confidence, driven by growing unemployment fears and signaling economic instability.
Ford slashes EV battery orders as broader industry deceleration impacts its financial stability.
The Biden administration plans to raise tariffs on Chinese electric vehicle imports from 25% to 100%.
U.S. Treasury Secretary Janet Yellen calls for expanded regulatory oversight of the nonbank mortgage sector during a Financial Stability Oversight Council meeting.
The California Public Utility Commission has approved an increase in fixed utility charges to $24.15 for most customers starting in 2025.
U.S. unemployment claims have spiked to an eight-month peak, signaling brewing troubles in the labor market.
The U.S. Treasury Department has extended a general license allowing specific transactions with Venezuela’s PDVSA until November 15.
The University of Michigan's Consumer Sentiment Index dropped to a six-month low of 67.4, indicating widespread concerns about inflation, interest rates, and labor market stability.
Japan's expensive efforts to stabilize the yen have largely failed, underscoring deeper economic issues amid global financial tensions.
Americans need relief, not regulation, in their struggle to find affordable housing.
Ikea warns of economic strain as rising unemployment and lower energy use prompt retail price cuts in a slowing market.
China leads the global solar panel market with an 80% share, significantly outpacing the EU and US in capacity.
Bailing out the banks is cool and all, but bailing out the central banks is even cooler.
Declining diesel margins due to increased refinery output and reduced demand are challenging the global oil sector.
