Germany’s economy, the world’s third largest, will grow a scant 1 percent this year and 1.3 percent in 2027, according to a new outlook from the country’s Ministry for Economics.
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EMERGING MARKETS ARE THE YEAR’S HOT INVESTMENTS
Bonds, currencies, and stocks of emerging nations are leading the investment pack this year as the dollar sinks to a four-year low and investors diversify beyond dollar-denominated venues.
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GM FORECASTS $2-BILLION JUMP IN PROFITS THIS YEAR
Thanks to the popularity of its high-profit pickup trucks and full-size SUVs, General Motors projects its 2026 profit will rise as much as $2 billion, year on year.
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CITI WILL TRAIN 175,000 WORKERS TO ‘REINVENT THEMSELVES’ WITH AI
Citi, a $205-billion U.S. megabank, will require 175,000 workers to learn to use artificial intelligence (AI), CEO Jane Fraser said in an interview with Fortune magazine.
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U.S APARTMENT RENTS FELL TO FOUR-YEAR LOW IN JANUARY
Last month, the median monthly rent for a U.S. apartment was $1,353, down 1.4 percent year on year, Apartment List reported, and lower by 6.2 percent since they peaked in summer 2022.
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U.S TRADE DEFICIT ALMOST DOUBLES IN NOVEMBER
The U.S.’s red ink in trade grew to $56.8 billion in November, up 94.6 percent from October when the gap shrank to its smallest since 2009, the U.S. census bureau reported.
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TRUMP NAMES WARSH AS NEXT FED CHAIRMAN
Donald Trump has named Kevin Warsh, a governor of the U.S. Federal Reserve during the George W. Bush administration, to succeed Jerome Powell as chair of the central bank. Powell’s term expires in May.
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FED FREEZES INTEREST RATES
As widely expected, the U.S. Federal Reserve’s rate-setting Open Market Committee made no changes to its policy interest rates at its 28 January meeting, leaving the rate on deposits at 3.5 percent and the lending rate at 3.75 percent.
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U.S. PRODUCER PRICES JUMP AS COMPANIES PASS TARIFF COSTS TO CUSTOMERS
In December, the price producers put on their products rose 0.5 percent, more than double November’s 0.2-percent increase and the largest monthly jump since July.
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GOING OUT OF BUSINESS TRENDS
The retail and restaurant industries continue to close locations due to rising costs and declining demand, but the number of closures seems to be declining, according to Coresight Research.