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Global Economic News

The World’s Biggest Gold Mines

  Gold prices have surged to record highs, driven by geopolitical tensions, economic uncertainty, and ongoing purchases by central banks. This month, the price of gold climbed nearly 60% this year, surpassing the $4,000-per-ounce mark (average closing price from October 1 to 27) before stabilizing...

Spain’s Gas Demand Soars Following Major Blackout

Spain has seen a dramatic increase in gas demand for electricity generation, rising by nearly 37% from January to September. This surge comes as the country turned to more gas-fired power to stabilize the grid after Europe’s most significant blackout in modern history. In late...

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Trump Team Favors Rate-Cut Advocate Christopher Waller as Top Candidate for Next Fed Chair

Federal Reserve Governor Christopher Waller is reportedly the frontrunner to succeed Jerome Powell as the...

US Criticizes Airlines’ Use of AI to Set Ticket Prices

Transportation Secretary Sean Duffy expressed concerns Tuesday regarding airlines' use of AI for personalized...

“Simple” AI Trading Bots Found to Collude and Manipulate Markets: Wharton Study

In findings that are unlikely to shock anyone, researchers from Wharton and Hong Kong...

EU Banks Resilient Amid Trade War, Stress Test Reveals

  Banks throughout the European Union are well-positioned to endure economic shocks stemming from geopolitical...

America’s Economic Engines: The Biggest Industry in Every State

  Have you ever wondered what drives the economy in each state? In many cases,...

Indian Factory Growth Reaches 16-Month High, but Business Outlook Dims, PMI Reports

  Indian manufacturing surged to its fastest growth in 16 months in July, fueled by...

Loss of Central Bank Independence Could Lead to Instability, IMF Warns

The International Monetary Fund (IMF) issued a stark warning on Tuesday, highlighting that any...

AI and Crypto Surge Straining Energy Resources, Fueling Inflation

  The rise of artificial intelligence and Bitcoin mining is significantly taxing electricity resources, driving...

AI Disruption Could Lead to Global Instability, Warns BCA’s Gertken

  BCA Research has raised concerns that artificial intelligence might destabilize domestic politics and international...

U.S. Existing Home Sales Reach Nine-Month Low in June

  By Agencies U.S. existing home sales fell to a nine-month low in June as rising...

Japan Rejects Globalism and Multiculturalism in Recent National Election

In a striking turn reminiscent of the U.S. elections in 2016 and 2024, Japan's...

Costco to Open Global Capability Center in India

Costco Wholesale Corp., the U.S. retail giant, is set to establish its first technology...

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Why Insurance and Investing Should Stay Separate

The pitch sounds enticing: get lifelong insurance protection while building wealth in a single...

Seeking Moral Direction in the Dark

In a church bulletin I once read, there was a piece of advice that...

Investing in a World That’s Tired of Progress

  As we navigate a world that feels increasingly unsteady, it's crucial to consider how...

The World’s Biggest Gold Mines

  Gold prices have surged to record highs, driven by geopolitical tensions, economic uncertainty, and...