latest news in economy

U.S. Home Sales Hit 16-Year Low Amid Rising Mortgage Rates

U.S. Home Sales Hit 16-Year Low Amid Rising Mortgage Rates

Miami, Thursday, 24 April 2025.
In March 2025, U.S. home sales fell to their slowest pace since 2009, driven by high mortgage rates and economic concerns that have dampened the spring housing market’s typical performance.

California Surpasses Japan as World's Fourth-Largest Economy

California Surpasses Japan as World's Fourth-Largest Economy

Los Angeles, Thursday, 24 April 2025.
California’s nominal GDP reaches a staggering $4.1 trillion, overtaking Japan’s, fueled by innovation and entrepreneurship. Governor Newsom warns of threats posed by current U.S. tariff policies.