latest news in economy

Major Retailers Struggle with Tariff Burden Amid Inflation

Major Retailers Struggle with Tariff Burden Amid Inflation

Washington, D.C., Thursday, 29 May 2025.
U.S. retailers, including Walmart and Target, are absorbing tariff costs without raising prices, a significant challenge given inflationary pressures impacting consumer spending and supply chains.

U.S. Economy Faces First Quarter Contraction Amid Trade Tensions

U.S. Economy Faces First Quarter Contraction Amid Trade Tensions

Washington D.C., Thursday, 29 May 2025.
The U.S. economy contracted by 0.2% in Q1 2025, the first decline in three years, largely due to trade tensions and increased imports ahead of potential new tariffs.

AI Personal Finance Tools Thrive Amid Market Shifts

AI Personal Finance Tools Thrive Amid Market Shifts

New York, Thursday, 29 May 2025.
A new AI-driven personal finance tool, with no commissions and zero bias, raises questions about investor reliance during financial downturns, highlighting changing market conditions.

Critical Power and Cooling Market Set to Reach $82 Billion by 2034

Critical Power and Cooling Market Set to Reach $82 Billion by 2034

New York, Thursday, 29 May 2025.
The market, driven by the digital surge in AI and big data, anticipates significant growth as advanced data centers demand reliable power and efficient cooling.

Inflation Reduction Act Boosts Clean Energy Investments in U.S.

Inflation Reduction Act Boosts Clean Energy Investments in U.S.

Washington, D.C., Friday, 30 May 2025.
Significant investment in clean energy projects across the U.S. has been stimulated by the Inflation Reduction Act, promising economic growth and job creation, especially in rural areas.

Japan Allocates $6.3 Billion to Counter U.S. Tariffs

Japan Allocates $6.3 Billion to Counter U.S. Tariffs

Tokyo, Wednesday, 28 May 2025.
Japan is deploying $6.3 billion to protect its economy against U.S. tariffs, crucially undercutting potential impacts on industries like automotive by reducing household energy bills and supporting businesses.

Microcarriers Market to Surge: Forecasts Predict USD 4.5 Billion by 2032

Microcarriers Market to Surge: Forecasts Predict USD 4.5 Billion by 2032

New York, Wednesday, 28 May 2025.
The microcarriers market is set to reach USD 4.5 billion by 2032, driven by cell-based therapies and biopharmaceutical advancements, transforming healthcare applications globally.

Anticipated Growth in EV Charging Software Market through 2034

Anticipated Growth in EV Charging Software Market through 2034

New York, Wednesday, 28 May 2025.
The global EV charging management software market expects major growth due to rising EV demand and government initiatives, spearheaded by key players like Enexis, Fudura, and Centrica.

Texas Industries Face Emissions Challenge Amidst Economic Growth

Texas Industries Face Emissions Challenge Amidst Economic Growth

Austin, Wednesday, 28 May 2025.
In 2025, Texas’s industrial growth is threatened by rising emissions regulations. With increased scrutiny from authorities, manufacturers must balance expansion and compliance, impacting future state policies.

IMF Adjusts UK 2025 Growth Forecast to 1.2% After Strong Q1 Results

IMF Adjusts UK 2025 Growth Forecast to 1.2% After Strong Q1 Results

London, Wednesday, 28 May 2025.
The UK’s projected growth now stands at 1.2% for 2025, following robust Q1 performance. This upgrade comes despite ongoing global trade tensions that could affect growth.