Saturday, January 18, 2025

Tag: Economy

Trump Unveils $20 Billion Data Center Plan Backed by UAE Billionaire Sajwani

Sajwani plans to invest $20 billion in U.S. data centers, sparked by Trump's election victory, with construction starting in several states.

Economists Warn Inflation Will Persist in 2025, Blaming High Tariffs and Service Sector Costs

Inflation concerns persist as the Trump administration may raise tariffs, impacting U.S. prices and economic stability in 2024.

Stephen Miran Is Back: Trump’s Pick for CEA Chairman to Drive Economic Prosperity

Trump reappoints Stephen Miran as CEA chair to boost economic policies, aiming for an inflation-free economy for all Americans.

Inflation Woes: November CPI Sees Slight Uptick, Leaving Consumers on Edge

U.S. CPI rose 2.7% year-over-year in November, signaling inflation challenges for the Federal Reserve amid resilient consumer spending.

U.S. Stock Market Rises Thanks to Goldilocks Jobs Report

U.S. stock markets rose as employment data met expectations, with investors viewing the job market as Goldilocks.

Fed Chair Powell Hints at Slower Rate Cuts as Economy Stays Strong

Powell indicates slow Fed rate cuts ahead, citing improved U.S. economy, but warns of inflation risks from Trump's policies.

Nvidia Bounces Back as Wall Street Shifts Focus to Small-Caps and Value Stocks

The New York stock market rebounded, with tech stocks rising despite some declines, while Bitcoin reached a historic high of $99,000.

Trump’s Surprise Pick: Howard Lutnick to Lead Commerce Department

Trump nominates Howard Lutnick as Secretary of Commerce, highlighting his role in economic policy and trade agreements.

Giant Steps: First Exploratory Drill for South Korea’s ‘Whale’ Gas Field Set to Begin

The Korea National Oil Corporation plans exploratory drilling in the East Sea's Blue Whale gas field, starting mid-December.

Toyota’s Big Bet: New EV Battery Plants Coming to America

Toyota plans to increase investments in EV and hybrid vehicle battery production in North America, considering new factories.

Wall Street Takes a Dive: Tech Stocks Plummet on October 31

AFPThe New York stock market ended the last day of October with a steep downturn.The tech-heavy Nasdaq index plunged by 2.8%, leading a n ...

Strong Consumer Spending Fuels U.S. GDP Growth Despite Predictions

On Wednesday, the U.S. Department of Commerce announced that the preliminary GDP growth rate for the third quarter of 2023 was 2.8%.