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Economy

Economy

UBS discusses taxes, spending, debt, and deficits under Trump 2.0

Investing.com — As President-elect Donald Trump prepares to embark on his second term, UBS analysts foresee constraints shaping the fiscal policies of…
Economy

Goldman Sachs revises Fed, GDP, and inflation forecasts amid global economic shift

Investing.com — Goldman Sachs has updated its economic forecasts, reflecting nuanced shifts in monetary policy expectations and global growth trends for 2025. …
Economy

North Korea’s Kim Jong Un calls for stronger rural economies, state media says

SEOUL (Reuters) – North Korean leader Kim Jong Un called to step up development of the country’s industrial production in regions outside…
Economy

Will federal government spending be slashed in 2025?

Investing.com — The U.S. federal government’s $6.8 trillion spending in fiscal 2024 is unlikely to see significant cuts next year, despite calls for…
Economy

Energy storage needs to grow 34x by 2050: Where will this come from?

Investing.com — Energy storage is expected to grow by 34 times by 2050, according to UBS. The current capacity of approximately 270…
Economy

Retailer Party City files for bankruptcy, will wind down 700 stores

By Mrinmay Dey (Reuters) – Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in…
Economy

Exclusive-Fed’s Barr seeks legal advice amid speculation Trump might remove him, sources say

By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against…
Economy

BOE to cut 4 times in 2025 – Deutsche Bank

Investing.com – The Bank of England kept interest rates unchanged, as expected, on Thursday, but Deutsche Bank (ETR:DBKGn) expects the UK central…
Economy

Italy fines OpenAI 15 million euros over privacy rules breach

MILAN (Reuters) – Italy’s privacy watchdog said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an…
Economy

Investors hope for ‘Santa Claus’ rally as stocks lose steam

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S….
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