latest news in economy

US Consumer Confidence Plummets Amid Inflation and Tariff Concerns

US Consumer Confidence Plummets Amid Inflation and Tariff Concerns

United States, Friday, 21 February 2025.
Consumer sentiment in the US dropped significantly, with a 9.8% decline in February due to inflation concerns and potential tariff impacts. Buying conditions for durables fell 19%, reflecting economic unease.

Florida's Small Businesses Turn to Online Accounting as Costs Rise

Florida's Small Businesses Turn to Online Accounting as Costs Rise

Miami, Friday, 21 February 2025.
In response to escalating operational expenses, Florida’s small businesses are increasingly adopting online accounting solutions to improve efficiency, cut costs, and support sustainable growth with advanced digital tools.

Trump's Proposed DOGE Dividend Sparks Inflation Concerns

Trump's Proposed DOGE Dividend Sparks Inflation Concerns

Miami Beach, FL, Friday, 21 February 2025.
President Trump’s proposal to distribute savings from Elon Musk’s government efficiency initiative as dividends could exacerbate inflation, economists warn.

Walmart's Modest Sales Forecast Impacts Bank Stocks

Walmart's Modest Sales Forecast Impacts Bank Stocks

New York, Friday, 21 February 2025.
Walmart’s lower-than-expected sales forecast for fiscal 2026 led to a drop in its stock by over 6%, impacting major bank stocks and escalating concerns over consumer spending trends.

Auto Loan Delinquencies at 14-Year High Amid Rising Car Prices

Auto Loan Delinquencies at 14-Year High Amid Rising Car Prices

United States, Thursday, 20 February 2025.
U.S. auto loan delinquencies have surged to a 14-year high as car prices rise, impacting subprime borrowers and indicating potential instability in automotive finance.

Gold Prices Surge Amid Rising Tariff Concerns and Global Tensions

Gold Prices Surge Amid Rising Tariff Concerns and Global Tensions

New York, Thursday, 20 February 2025.
Gold prices hit record highs due to investor concerns over U.S. tariff threats and global trade tensions, rising to $2,954.69 per ounce.

Large-Cap Stocks Surge as Small-Caps Face Volatility Challenges

Large-Cap Stocks Surge as Small-Caps Face Volatility Challenges

New York City, Thursday, 20 February 2025.
India’s megacap stocks rebound with a 21% market characterization amid stagnation in traditional sectors and the rise of tech and fintech, highlighting a cyclical market shift.

CDPQ Plans Major Sale of Intact Financial Shares Worth C$1 Billion

CDPQ Plans Major Sale of Intact Financial Shares Worth C$1 Billion

Montreal, Wednesday, 19 February 2025.
CDPQ announces selling 3.6 million shares of Intact Financial, raising C$1 billion to rebalance its portfolio while retaining a significant ownership stake in the company.

Inflation Concerns Grow Amidst Tariff Impacts and Consumer Expectations

Inflation Concerns Grow Amidst Tariff Impacts and Consumer Expectations

New York, Wednesday, 19 February 2025.
Inflation in the U.S. is becoming a concern due to tariffs and changing consumer expectations, potentially leading to a self-fulfilling trend that could challenge economic stability.

Federal Mortgage Insurer to Slash 40% of Workforce Amid Economic Concerns

Federal Mortgage Insurer to Slash 40% of Workforce Amid Economic Concerns

Washington D.C., Tuesday, 18 February 2025.
The Trump administration’s plan to cut 40% of the federal mortgage insurer’s workforce may impact housing market stability and economic access to mortgage insurance.