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latest news in economy

World Bank Predicts Slow Economic Growth in 2025

Washington, D.C., Friday, 17 January 2025.
The World Bank forecasts a global economic growth rate of 2.7% for 2025, citing geopolitical tensions and inflation as significant challenges impacting living standards improvement.

IMF to Release World Economic Outlook Update for January 2025

Washington, D.C., Thursday, 16 January 2025.
The upcoming IMF World Economic Outlook will provide insights on global economic trends, aiding business leaders and policymakers in formulating strategic economic decisions.

Botify: The New Platform Revolutionizing Crypto Businesses

San Francisco, Thursday, 16 January 2025.
Botify, termed the ‘Shopify of Crypto,’ impressively increased its market cap from $300,000 to $26 million within six days, showcasing immense potential in the fintech landscape.

Buy Now Pay Later Market Forecasts $825 Billion Growth by 2028

New York City, Thursday, 16 January 2025.
The BNPL market is projected to grow by over $825 billion from 2023 to 2028, driven primarily by an increase in luxury product spending.

Investors Rely on CME FedWatch Tool for Rate Guidance

Chicago, Thursday, 16 January 2025.
The CME FedWatch Tool reveals potential federal funds rate adjustments influenced by economic changes, crucial ahead of the FOMC meeting on January 31, 2025.

SEC Monitors California Wildfires' Impact on Capital Markets

California, Thursday, 16 January 2025.
The SEC is actively observing the effects of California wildfires on investors and markets, considering potential regulatory adjustments to maintain financial stability amid these environmental disruptions.

Insight M's Methane Detection Technology Receives EPA Approval

Washington D.C., Wednesday, 15 January 2025.
Insight M’s LeakSurveyor technology gains EPA approval, providing the oil and gas industry a cost-effective solution for methane emission compliance and enhancing operational efficiency.

89% of Companies Lack Adequate Cybersecurity Measures

New York, Monday, 13 January 2025.
A Cybernews report reveals only 11% of companies achieve top cybersecurity grades, exposing systemic risks and vulnerabilities, especially from China-backed cyberattacks, in corporate America.

Chicago's Rising Taxpayer Burden Amid Financial Crisis

Chicago, Monday, 13 January 2025.
Chicago’s financial state worsens with a $2.6 billion deficit, raising taxpayer burden to $40,600 per resident, necessitating urgent fiscal reforms to prevent further municipal strain.

Upcoming CPI Report May Impact Fed's 2025 Rate Cut Plans

Washington, Monday, 13 January 2025.
The January 15 CPI report could show rising inflation, possibly affecting the Federal Reserve’s 2025 rate cut expectations and creating market volatility.