US energy companies have cut oil and gas rigs to their lowest count since late 2021, according to Baker Hughes’ latest report. US Drillers Reduce Oil and Gas Rigs to Lowest Level Since December 2021 New York: So, it looks like U.S. energy companies are really tightening their belts. This week, they cut the number…
Fitch’s new ratings head aims to understand Trump’s impact on US credit ratings by summer Fitch’s New Rating Chief Seeks Clarity on US Policy Under Trump LONDON: So, Fitch’s new head of sovereign ratings, James Longsdon, is diving into how Trump’s second term might shake up the U.S. credit rating. He thinks by summer, they’ll…
The US Supreme Court has upheld a law banning TikTok, citing national security risks linked to its Chinese ownership. US Supreme Court Upholds Law Banning TikTok Amid National Security Concerns Washington: So, the US Supreme Court just made a big call about TikTok. They decided to uphold a law that could ban the app, which…
US industrial production rose more than expected in December, signaling a recovery in manufacturing after a tough two years US Industrial Output Surpasses Expectations as Manufacturing Shows Signs of Recovery Chicago: So, guess what? US industrial production took a nice leap in December, rising by 0.9%. That’s more than what folks were expecting! This boost…
US housing starts surged in December, led by a boom in multifamily projects, signaling a recovery in the market. US Housing Starts Exceed Expectations Driven by Multifamily Construction Washington: So, here’s the scoop. Housing starts in the US jumped in December, hitting the fastest pace since early 2024. This was mainly thanks to a big…
Next week, key earnings reports from Netflix, United Airlines, and Burberry will attract investor attention amid ongoing market shifts. Stocks to Watch Next Week: Netflix, United Airlines, Burberry, EasyJet London: So, next week is shaping up to be pretty interesting for the stock market. With all eyes on the earnings reports from some big names,…
IMF’s Gourinchas cautions that Trump’s policies could lead to rising inflation in the US economy Trump’s Economic Plans May Spark Inflation, Warns IMF Chief Economist Washington: So, the IMF’s chief economist, Pierre-Olivier Gourinchas, just dropped some serious thoughts on Trump’s economic plans. He believes that if Trump goes ahead with his ideas to raise tariffs…
Mid-sized U.S. banks are enjoying a profit surge thanks to increased fee income and a recovering investment banking sector US Mid-Sized Banks Thrive on Strong Fee Income and Market Recovery Bengaluru: Recently, a bunch of U.S. banks reported solid profits for the fourth quarter. This trend shows that the banking industry is bouncing back, thanks…
Despite efforts, student debt has increased, leaving many Americans struggling to manage their loans as Biden’s term ends. US Student Debt Grows Under Biden, Leaving Borrowers in Tough Spot Washington: So, it looks like President Biden’s big promise to tackle student debt didn’t quite pan out. When he took office, the debt was already huge,…
Trade conflicts are escalating between the US and China before Trump takes office, raising concerns over tariffs and economic impacts. US-China Trade Tensions Heat Up Ahead of Trump’s Inauguration Washington: Even before Donald Trump officially takes office, trade tensions between the US and China are already heating up. It’s like a game of chess, and…
