US mortgage rates near 7% as homebuyers edge away
The new year has kicked off with mortgage rates edging even closer to 7%. This shift, noted in recent data from Freddie Mac and...
China’s economy: resilience, growth, and future plans for stability
Manufacturing Activity Sees Steady Growth
China’s economy is showing some positive signs as its manufacturing sector reported growth in December, marking its third consecutive month...
Potential Bitcoin boom in 2025: what you need to know
As Bitcoin continues its upward trajectory, 2025 could become a pivotal year for the world’s best-known cryptocurrency.
Analysts, media experts, investors, and industry leaders predict...
US homelessness increased in 2024, HUD report shows
Homelessness in the United States increased in 2024, according to the US Department of Housing and Urban Development.
A one-night count carried out in January...
Holiday sales grow 3.8% in US – e-commerce strong
US holiday sales – from November 1st to December 24th – grew by 3.8% compared to the same period last year, says Mastercard SpendingPulse.
Strong...
Why Are US mortgage rates rising despite fed rate cuts?
The Federal Reserve, America’s Central Bank, has cut interest rates several times so far this year. Its last cut was in December (earlier this...
Federal Reserve lowers rates but warns of slower easing in 2025
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, moving the target range to 4.25% to...
UK inflation rises to 2.6% in November, highest rate since March
UK inflation ticked higher in November, with the Office for National Statistics reporting a rise in annual consumer prices to 2.6%, up from 2.3%...
U.S. November retail sales rise 0.7%, surpassing expectations
American shoppers turned out in slightly stronger force than anticipated as the holiday season got underway in November, according to fresh data from the...
UK economy contracted by 0.1% in October 2024
Britain’s economy slipped again in October, dropping 0.1%, and people are growing restless. This marks the second straight month of decline. Economists had expected...