Latest Finance-Economy News
US Federal Reserve Signals Potential Rate Cut Amid Slowing Growth
The Fed indicated a possible rate cut in June due to weakening labor data and persistent inflation above target. Markets rallied on the dovish stance. [1]
China Retaliates with Tariffs on US Goods Sparking Trade War Fears
Beijing imposed 25% tariffs on American imports in response to US tech restrictions, hitting agriculture and autos hardest. Global supply chains at risk. [2]
European Inflation Hits 3.2%, ECB Debates Rate Hike Pause
Eurozone inflation rose unexpectedly, prompting ECB to reconsider aggressive hikes despite recession signals. Bond yields surged. [3]
Oil Prices Surge Past $90 on OPEC Cuts and Geopolitical Tensions
OPEC+ extended production cuts, while Middle East unrest drove Brent crude higher, pressuring global energy costs. [4]
Tech Stocks Plunge as AI Bubble Concerns Mount
Major indices like Nasdaq dropped 2% after weak earnings from AI chip makers, raising overvaluation fears. Investors shift to value stocks. [5]
UK Economy Contracts 0.3% in Q1, Sparking Recession Debate
GDP shrank due to high interest rates and weak consumer spending, with Bank of England holding rates steady. [6]
Bitcoin Surges to $70K on ETF Inflows and Halving Anticipation
Crypto markets rallied with record ETF approvals boosting institutional demand ahead of the next halving event. [7]
Japan Yen Weakens to 160 vs Dollar, Prompting Intervention Talk
Currency hit record lows amid divergent monetary policies, with Tokyo officials hinting at market intervention. [8]
IMF Warns of Global Growth Slowdown to 2.8% This Year
The Fund cut forecasts citing trade fragmentation and high debt levels in emerging markets. Calls for fiscal reforms. [9]
Apple Reports Record Revenue but China Sales Slump
Quarterly earnings beat estimates driven by services, though iPhone demand in China fell 10% due to local competition. Shares mixed. [10]
Emerging Markets Face Debt Crisis as Dollar Strengthens
Strong US dollar exacerbates repayment burdens for countries like Argentina and Turkey, with defaults risks rising. [11]