latest news in economy

89% of Companies Lack Adequate Cybersecurity Measures

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'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

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.

Cahero Family Office Boosts Investment in Renewable Energy

Cahero Family Office Boosts Investment in Renewable Energy

New York City, Saturday, 11 January 2025.
Cahero Family Office significantly increases investments in renewable energy, aiming to reduce carbon footprints and enhance sustainable energy access for future generations.

AI Set to Slash 200,000 Jobs on Wall Street

AI Set to Slash 200,000 Jobs on Wall Street

New York, Friday, 10 January 2025.
AI technologies may displace 200,000 jobs in the financial sector within the next five years, impacting roles in data analysis and operations.

CME Group Launches New 1-Ounce Gold Futures for Enhanced Risk Management

CME Group Launches New 1-Ounce Gold Futures for Enhanced Risk Management

Chicago, Thursday, 9 January 2025.
CME Group introduces its smallest gold futures contract, enhancing accessibility and risk management for individual traders. This launch underscores CME’s commitment to innovative trading solutions.

U.S. Stock Markets Close to Honor Former President Jimmy Carter

U.S. Stock Markets Close to Honor Former President Jimmy Carter

United States, Thursday, 9 January 2025.
On January 9, 2025, U.S. stock exchanges, including NYSE and Nasdaq, close to honor former President Carter, marking a rare mid-week market closure for a national mourning day.

Federal Reserve Highlights Inflation Concerns Amid Trump's Policy Impact

Federal Reserve Highlights Inflation Concerns Amid Trump's Policy Impact

Washington D.C., Thursday, 9 January 2025.
Minutes from the December 2024 Fed meeting reveal concerns about inflation due to Trump’s policies, potentially affecting future interest rate decisions.

US Bond Market Faces Rising Interest Rates and Investor Concerns

US Bond Market Faces Rising Interest Rates and Investor Concerns

New York, Wednesday, 8 January 2025.
Sharp interest rate increases in the U.S. bond market reflect investor apprehension, influencing mortgage rates and potentially unsettling the ongoing bull market.