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Home / Economy

Economy

Latest news and updates from this category.

European Central Bank Executes 25 Basis Point Cut, Diverging from Fed as Eurozone Manufacturing PMI CollapsesEconomy
Jun 19, 2026By Ali Raza Sheikh

European Central Bank Executes 25 Basis Point Cut, Diverging from Fed as Eurozone Manufacturing PMI Collapses

The European Central Bank cut interest rates by 25 basis points to 3.75%, diverging from the US Federal Reserve to comba...

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May Retail Sales Surge 1.4% as "Gas Price Dividend" Unlocks Consumer Discretionary SpendingEconomy
Jun 19, 2026By Ali Raza Sheikh

May Retail Sales Surge 1.4% as "Gas Price Dividend" Unlocks Consumer Discretionary Spending

US May retail sales surged 1.4% as the collapse in gasoline prices following the Strait of Hormuz reopening provided a m...

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Global Economic Shifts: Middle East Peace Deal Sparks Falling Gas Prices and 2026 Growth OutlookEconomy
Jun 18, 2026By Ali Raza Sheikh

Global Economic Shifts: Middle East Peace Deal Sparks Falling Gas Prices and 2026 Growth Outlook

A landmark initial peace deal between the U.S. and Iran has stabilized energy markets, pushing U.S. gasoline prices belo...

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The Fed's June 2026 Standoff: Kevin Warsh Holds Rates Steady Amid Inflation FearsEconomy
Jun 18, 2026By Ali Raza Sheikh

The Fed's June 2026 Standoff: Kevin Warsh Holds Rates Steady Amid Inflation Fears

The Federal Reserve, led by new Chair Kevin Warsh, kept interest rates unchanged at 3.50%-3.75% in June 2026 to combat r...

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US Weekly Jobless Claims Plunge to Historic Lows, Defying Recession FearsEconomy
Jun 18, 2026By Ali Raza Sheikh

US Weekly Jobless Claims Plunge to Historic Lows, Defying Recession Fears

US weekly jobless claims plunged to 185,000, the lowest level since 2024, defying recession fears and showing a remarkab...

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Beijing Unveils $500 Billion Consumer Stimulus to Defeat Deflation and Boost SpendingEconomy
Jun 18, 2026By Ali Raza Sheikh

Beijing Unveils $500 Billion Consumer Stimulus to Defeat Deflation and Boost Spending

China announced a historic $500 billion consumer stimulus package featuring direct cash transfers and subsidies to comba...

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European Central Bank Slashes Interest Rates Again to Rescue Stagnant Eurozone GrowthEconomy
Jun 18, 2026By Ali Raza Sheikh

European Central Bank Slashes Interest Rates Again to Rescue Stagnant Eurozone Growth

The European Central Bank cut interest rates by a quarter-point to 3.5% to stimulate stagnant economic growth in the eur...

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US Housing Starts Surge to Five-Year High as Builders Chase Lower Mortgage RatesEconomy
Jun 18, 2026By Ali Raza Sheikh

US Housing Starts Surge to Five-Year High as Builders Chase Lower Mortgage Rates

US housing starts surged 12.5% in May to a five-year high as homebuilders rush to meet the demand generated by recently ...

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Global Shipping Rates Crash 40% as Strait of Hormuz Reopens to Free TradeEconomy
Jun 18, 2026By Ali Raza Sheikh

Global Shipping Rates Crash 40% as Strait of Hormuz Reopens to Free Trade

Global ocean freight rates have crashed by 40% following the reopening of the Strait of Hormuz, eliminating the geopolit...

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US Inflation Proves Sticky in May as Services Costs Offset Cheaper GasEconomy
Jun 18, 2026By Ali Raza Sheikh

US Inflation Proves Sticky in May as Services Costs Offset Cheaper Gas

The May CPI report shows US inflation remaining sticky at 2.8 percent annually, as rising service costs like insurance a...

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