latest news in economy

Hidden Swipe Fees Drain U.S. Economy by $172 Billion Annually

Hidden Swipe Fees Drain U.S. Economy by $172 Billion Annually

United States, Wednesday, 26 March 2025.
Swipe fees cost U.S. businesses $172 billion annually, heavily impacting economics and business profitability. These costs often pass to consumers, costing families approximately $1,100 yearly.

Gender Wage Gap Expected to Persist Until 2068 Says Report

Gender Wage Gap Expected to Persist Until 2068 Says Report

United States, Wednesday, 26 March 2025.
A report from Future Forward Women projects the gender wage gap may endure until 2068, with Black and Latina women facing even longer inequality. The gap has narrowed only by 1%.

Freddie Mac's February 2025 Mortgage Activity Highlights Economic Trends

Freddie Mac's February 2025 Mortgage Activity Highlights Economic Trends

McLean, Tuesday, 25 March 2025.
Freddie Mac’s report reveals key insights into February 2025 mortgage origination trends and borrower demographics, essential for investors and policymakers analyzing housing market dynamics.

Affirm and Competitors Now Report BNPL Data to Credit Bureaus

Affirm and Competitors Now Report BNPL Data to Credit Bureaus

San Francisco, Tuesday, 25 March 2025.
Affirm and other BNPL firms begin sharing consumer data with credit bureaus, merging digital transactions with credit evaluations, a move that could modify credit assessments.

Nasdaq's Latest Short Interest Data Highlights Market Sentiment

Nasdaq's Latest Short Interest Data Highlights Market Sentiment

New York, Tuesday, 25 March 2025.
Nasdaq reported a total of 15.66 billion short interest shares as of March 14, 2025, marking a significant market sentiment indicator for investors.

US Consumer Confidence Dips to Lowest Since 2021, Economic Concerns Mount

US Consumer Confidence Dips to Lowest Since 2021, Economic Concerns Mount

Washington D.C., Tuesday, 25 March 2025.
Consumer confidence in the US has dropped to its lowest level since January 2021, prompting worries about reduced consumer spending and potential impacts on economic growth.

U.S. Home Sales Drop to Great Recession Levels, Wells Fargo Reports

U.S. Home Sales Drop to Great Recession Levels, Wells Fargo Reports

United States, Tuesday, 25 March 2025.
Wells Fargo reports U.S. home sales hit 4.7 million in January 2025, akin to Great Recession figures. Experts cite high mortgage rates and a housing shortage as key factors.

Manufacturing Activity Contracts as PMI Drops Below Expectations

Manufacturing Activity Contracts as PMI Drops Below Expectations

Washington, D.C., Tuesday, 25 March 2025.
The Manufacturing PMI fell to 49.8 in March, signaling contraction and missing the forecast of 51.9. This points to a slowdown in the U.S. manufacturing sector, raising economic concerns.

Deloitte's 2025 Report Unveils Strategies for Workforce Transformation

Deloitte's 2025 Report Unveils Strategies for Workforce Transformation

New York City, Monday, 24 March 2025.
Deloitte’s 2025 Global Human Capital Trends report analyzes the evolving relationship between workers and organizations, focusing on technology integration and strategic management to enhance global organizational success.

Copper Prices Soar Amid US Tariff Fears and China's Economic Moves

Copper Prices Soar Amid US Tariff Fears and China's Economic Moves

Global, Tuesday, 25 March 2025.
Copper futures neared record highs, surpassing $5.10 per pound, mainly due to possible US tariffs and China’s economic stimulus plans, impacting global supply and demand dynamics.