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latest news in economy

Hyundai and Kia EVs Regain Full $7,500 US Tax Credit

United States, Tuesday, 18 February 2025.
In February 2025, Hyundai and Kia electric vehicles qualified again for the $7,500 federal tax credit, potentially boosting their sales and production in the United States.

Generative AI Set to Transform Global Markets by 2029

San Francisco, Tuesday, 18 February 2025.
Generative AI is predicted to significantly boost productivity and innovation worldwide across various industries from 2024 to 2029, with key players like Katonic AI and Dataiku leading the charge.

Bitcoin Bull Market Accelerates with Institutional Backing

New York, Tuesday, 18 February 2025.
Bitcoin’s rise is fueled by institutional adoption, ETF success, and favorable regulations, marking it as a formidable competitor to gold with projected continued growth through 2025.

Federal Reserve Signals Cautious Stance on Future Rate Cuts Amid Inflation Concerns

Phoenix, Monday, 17 February 2025.
Federal Reserve Governor Michelle Bowman expressed a need for more inflation progress before reducing interest rates, citing risks to price stability amid a strong labor market.

Massachusetts Hits $144 Million in Marijuana Sales Amid Falling Prices

Boston, Monday, 17 February 2025.
In January 2025, Massachusetts maintained its $144 million in marijuana sales from the previous year, despite a 21% price drop, highlighting robust market dynamics.

Wall Street's Role in Rising Fire Engine Costs and Delays

United States, Monday, 17 February 2025.
Industry consolidation driven by Wall Street has increased fire engine prices and delayed order fulfillment, raising concerns for U.S. fire departments over operational readiness.

Sensex Plummets 3,000 Points Amid Bear Market Concerns

Mumbai, Monday, 17 February 2025.
In the past nine days, Sensex has plunged by 3,000 points, causing turmoil in the Indian stock market. Analysts forecast potential recovery opportunities for long-term investors by FY26.

Canadian Buy Now Pay Later Market Poised for Significant Growth

Toronto, Monday, 17 February 2025.
Canada’s Buy Now Pay Later market, valued at $7.5 billion in 2025, is projected to reach $11.32 billion by 2030, reflecting a robust annual growth rate of 8.6%.

Blockchain in Healthcare Market to Surge from $7.13B to $595.31B by 2032

Global, Monday, 17 February 2025.
Blockchain adoption in healthcare is set to explode, driven by data security needs and regulatory compliance, with a CAGR of 63.5% projected from 2024 to 2032.