On 6 March, the European Central Bank (ECB) shaved a quarter point off its key interest rate, dropping it to 2.5 percent.
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SO FAR, TRUMP STRATEGY WEAKENS U.S., BOOSTS EUROPE
U.S. investors greeted Donald Trump’s re-election with joy, anticipating tax cuts, fewer regulations, and soaring profits. Stock prices climbed even further beyond the value of companies’ future earnings. The difference between stock prices and the price of government bonds widened to its greatest in 20 years.
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AMID RECESSION, GERMANY SPENDS BIG ON MILITARY, INFRASTRUCTURE
As Germany enters what is likely to be a third year of recession, new chancellor-in-waiting Freidrich Merz has chucked the financial caution that ruled preceding administrations.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The U.S. economy added 151,000 jobs in February, the U.S. Bureau of Labor Statistics reported on Friday. Employment was up in health care, financial activities, transportation and warehousing, and social assistance.
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ETHICAL CONCERNS MOUNT OVER TRUMP’S CRYPTO VENTURE
Donald Trump is facing a “fierce backlash” since he and his wife, Melania, each launched a meme coin days before he returned to the Oval Office. The venture has since brought in a $350-million windfall to the owners of the venture, chiefly Trump and his family members.
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PLAN FOR U.S. CRYPTO RESERVE DISAPPOINTS ENTHUSIASTS
Donald Trump’s executive order calling for the establishment of a U.S. strategic cryptocurrency reserve said the reserve would hold only digital assets forfeited to U.S. law enforcement agencies.
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NEW YORK OFFICE REAL ESTATE MARKET PERKS UP AS WORKERS RETURN
As New York City’s office workers acquiesce to companies’ demands that they return to central offices, Blackstone and other investors are prospecting for bargains in the city’s reviving office real estate market.
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THE U.S., LIKE CHINA, RIGGING ITS ECONOMIC NUMBERS
In a 2 March Fox interview, Commerce Secretary Howard Lutnick said he plans to remove government spending as a component of statistics about the U.S. gross domestic product.
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IN JANUARY, U.S. TRADE DEFICIT SET ANOTHER RECORD
January’s trade deficit soared 34 percent from December as American businesses stockpiled goods from other countries ahead of Donald Trump’s promised wave of stiff tariffs on all goods coming into the U.S.