In a surprising turn of events, the United States economy demonstrated unexpected resilience, expanding at a 3.3% annual rate in the fourth quarter of 2023. Despite a slight deceleration from the third quarter’s 4.9%, the latest data from the Commerce Department has surpassed forecasters’ expectations. This underscores the robust recovery from the economic turbulence caused […]
China Takes Steps in a surprising move, China’s central bank has implemented a series of measures aimed at boosting bank lending for households and businesses. This early initiative forms part of a broader effort by Chinese authorities. They aim to stimulate economic growth in 2024 following a lackluster performance in the previous year. Stock Market […]
As the trading week concludes, Wall Street, including the S&P 500, is witnessing a surge in equities, propelling markets towards all-time highs. The rally is accompanied by robust economic data, intensifying expectations of potential rate cuts by the Federal Reserve later in the year. Tech-Led Rally Propels S&P 500 According to the Wall Street Journal, […]
In response to the burgeoning challenges presented by the migrant crisis, New York state officials have announced a substantial financial commitment. A notable $2.4 billion is being directed towards funding the care of migrants in New York City. This development occurs amidst the ongoing migrant crisis, which is further straining the city’s typical network of […]