#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
New U.S. and China port fees have reduced the number of cargo ships
The availability of cargo ships for transporting goods has dropped sharply following the introduction of new port fees by the U.S. and China. Industry leaders warn that this could lead to higher consu...
St. Louis Fed chief signals support for October rate cut
St. Louis Federal Reserve President Alberto Musalem said he is prepared to support an interest rate cut at the next meeting of the Federal Open Market Committee on Oct 28-29. His remarks , delivered d...
US Government Shutdown Forces Fed to Navigate Interest Rate Decisions Blindly
The US government shutdown halted key economic reports, affecting Federal Reserve decisions. The Federal Reserve may announce interest rate decisions based on limited data. Continue Reading: US Govern...
Bitcoin Battles Back to $107k as Global Tensions Stir Market Dynamics
Bitcoin regains $107,000 as global tensions impact market dynamics. Market outlook remains cautiously optimistic amidst geopolitical dialogues. Continue Reading: Bitcoin Battles Back to $107k as Globa...
Important Development Regarding Japan’s Interest Rate Decision Which Affects All Markets Including Cryptocurrencies
According to Reuters, Bank of Japan (BOJ) Deputy Governor Shinichi Uchida announced that interest rate hikes will continue if the country's economy and inflation remain in line with expectations. Spea...
Oracle dropped 7% after unveiling huge AI growth targets investors found unrealistic
Oracle’s stock got slammed with a 7% drop on Friday, the company’s worst single-day loss since January, just one day after laying out a flashy new AI-driven roadmap at its Las Vegas AI World conferenc...
India’s gold reserves top $100 billion for first time as global prices soar
India’s gold stash has now crossed $100 billion, for the first time ever, according to the Reserve Bank of India’s latest weekly reserves data released on Friday. The jump came in the week ending Octo...
Fed Navigates Economic Uncertainty with Strategic Rate Cuts
The U.S. government shutdown delays critical data, affecting economic decisions. Continue Reading: Fed Navigates Economic Uncertainty with Strategic Rate Cuts The post Fed Navigates Economic Uncertain...
WTO lowers trade forecast as tariff war reignites
Global economic growth could collapse by 7% if the United States and China continue tearing away from each other, WTO Director-General Ngozi Okonjo-Iweala warned on October 17 in Washington, according...
Trump prepares for Xi meeting in South Korea, says 100% tariff unsustainable
U.S. President Donald Trump admitted on Friday that his 100% tariff on Chinese goods cannot hold forever, but insisted Beijing left him no choice. Speaking on Fox Business Network, Trump said, “It’s n...
Jamie Dimon says “Cockroaches” lurk in the US economy
Wall Street’s worst fear got a name this week: cockroaches. That’s what Jamie Dimon, the CEO of JPMorgan Chase, called the unseen threats lurking in the US financial system. On Wednesday, during an ea...
American credit card debt climbs to record $1.33 trillion
The total debt Americans owe on their credit cards has just hit an eye-watering $1.33 trillion, a new record high that shows how deep household borrowing has gone in 2025. The data, which came from Ca...