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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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Eurozone Expected to Fall into Recession in Second Half Amid Tariff Concerns – Barclays

Staff Reporter Analysts at Barclays predict that the Eurozone is likely to enter a recession...

Chinese Amazon Sellers in Turmoil After Trump’s Tariff Shock

Staff Reporter On Wednesday afternoon, President Trump announced a dramatic increase in tariffs on Chinese...

Trump: ‘Proud to Be the President for Workers and the Middle Class’

Staff Reporter President Donald Trump declared he is “proud to be the President for the...

Goldman Sachs Warns Oil Prices Could Dip Below $40 in Extreme Scenarios

Staff Reporter Goldman Sachs Group Inc. has recently revised its oil forecasts, warning that Brent...

Japan Sees Highest Bankruptcy Filings in 11 Years for FY2024/25, Reports TSR

Staff Reporter Japan recorded a total of 10,144 bankruptcy filings in fiscal year 2024, marking...

Meta to Invest Nearly $1 Billion in New Data Center Project in Wisconsin

Staff Reporter Meta Platforms Inc. is set to invest nearly $1 billion in a new...

Goldman Sachs Lowers Oil Price Forecasts Amid Tariff Concerns and Increased OPEC+ Supply

Staff Reporter Goldman Sachs has reduced its forecast for Brent crude's average price this year...

Tariffs Impact Apple’s Supply Chain, Stock Sees Largest Drop in 5 Years

Staff Reporter In recent years, Apple has expanded its manufacturing beyond China, selling iPhones made...

Poverty Rate in Argentina Drops from 52% to 38% Under President Javier Milei

Staff Reporter Argentina's poverty rate has seen a significant decline, falling from 52.9% to 38.1%...

Trump Media, Owner of Truth Social, Becomes First Company Listed on NYSE Texas

Staff Reporter Trump Media & Technology Group announced on Monday that it has become the...

Elon Musk Sells X to xAI for $33 Billion in All-Stock Transaction

Staff Reporter Elon Musk has officially sold the social media platform X to his artificial...

U.S. Homebuilders Confront Slow Spring Selling Season Amid High Mortgage Rates and Tariff Concerns

Staff Reporter U.S. homebuilders are facing a challenging start to the spring selling season as...

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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...

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

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The World’s Biggest Gold Mines

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