latest news in economy

US Inflation Declines to Lowest Point Since February 2021

US Inflation Declines to Lowest Point Since February 2021

Washington, D.C., Wednesday, 14 May 2025.
April 2025 sees US inflation rate drop to 2.3%, its lowest since February 2021, despite potential inflationary pressures from tariffs that may drive future increases.

U.S. Gulf Oil and Gas Investments Decline Amid Political and Economic Pressures

U.S. Gulf Oil and Gas Investments Decline Amid Political and Economic Pressures

Gulf of Mexico, Tuesday, 13 May 2025.
Flat demand and rising costs push U.S. Gulf producers to scale back 2025 investments, impacting drilling rates and vessel utilization.

Robotic Automation Drives New Era in California's Finance Sector

Robotic Automation Drives New Era in California's Finance Sector

California, Tuesday, 13 May 2025.
Robotic Process Automation by IBN Technologies revolutionizes finance operations in California, enhancing process efficiency and service quality, and fostering competitiveness across the industry.

New York Fed Sheds Light on Rising U.S. Household Debt

New York Fed Sheds Light on Rising U.S. Household Debt

New York, Tuesday, 13 May 2025.
The New York Federal Reserve’s latest report reveals increased U.S. household debt, highlighting key areas such as mortgages and credit cards, which could impact financial stability.

Inflation Rate Hits Lowest Level Since 2021, Fueling Economic Optimism

Inflation Rate Hits Lowest Level Since 2021, Fueling Economic Optimism

Washington D.C., Tuesday, 13 May 2025.
In April 2025, US annual inflation fell to 2.3%, the lowest since February 2021, sparking reevaluations of economic strategies amid recent tariffs.

Tech Career Firm Expansion Brings Hope Amid Layoffs in Raleigh-Durham

Tech Career Firm Expansion Brings Hope Amid Layoffs in Raleigh-Durham

Raleigh-Durham, Tuesday, 13 May 2025.
Close Cohen expands into Raleigh-Durham, aiming to reduce job search timeframes amid rising unemployment due to tech industry layoffs, offering strategic assistance to local professionals.

Robotic Process Automation Boosts Efficiency in Virginia's Financial Sector

Robotic Process Automation Boosts Efficiency in Virginia's Financial Sector

Virginia, Tuesday, 13 May 2025.
Robotic Process Automation is transforming Virginia’s financial sector, improving task speed by 30%, decision-making by 40%, and reducing costs by 25%, despite challenges like outdated systems.

Trump's Energy Policies Under Fire: Shale Producers Struggle

Trump's Energy Policies Under Fire: Shale Producers Struggle

United States, Tuesday, 13 May 2025.
Donald Trump’s policies are challenging the U.S. oil industry as shale producers face profitability issues with low oil prices, raising significant economic concerns.

U.S. Inflation Slows with April CPI Growth Below Expectations

U.S. Inflation Slows with April CPI Growth Below Expectations

United States, Tuesday, 13 May 2025.
U.S. consumer prices rose 2.3% in April 2025, marking the slowest annual growth since February 2021. Grocery and used car prices saw declines, while tariffs and energy costs remain key inflation factors.

Tech Stocks Leap as US-China Tariff Reduction Sparks Rally

Tech Stocks Leap as US-China Tariff Reduction Sparks Rally

New York, Tuesday, 13 May 2025.
The Nasdaq 100 surged into a bull market as the US and China agreed to reduce tariffs for 90 days, boosting tech stocks like Tesla and Nvidia amidst renewed market optimism.