During this century’s first two decades, global demand for Germany’s cars, machine tools, and similar products made the country a haven for skilled workers.
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EU CUTS 2026 GROWTH FORECAST BELOW 1 PERCENT
The European Union’s (EU’s) economy will grow 0.9 percent this year, officials of the 21-country current union now expect a reduction from the 1.4 percent forecast made last November.
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BOND MARKET CRASH WORSENS GOVERNMENTS’ DEBT CRISIS
Bond markets are tanking around the world, driving up the interest rates that governments must pay to service their ever-increasing public debt loads.
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JPMORGAN IN TALKS TO SPREAD RISK ON $4 BILLION IN LOANS
The richest U.S. bank by assets is negotiating with investors to share the risk associated with $4 billion in dozens of net-asset-value loans JPMorgan has made to private equity firms and other investment funds in Europe, the Middle East, and North America.
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SPOTLIGHT: U.S. HOUSING MARKET UPDATE
The number of purchase contracts for U.S. homes grew by 1.4 percent in April from March, beating analysts’ forecast of a 1-percent bump, the National Association of Realtors (NAR) reported.
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TOP TREND 2026: DOT-COM BUST 2.0
A new Wall Street stock rally began in April when a nominal ceasefire in the Persian Gulf War lured traders back into the market.
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CFTC PROBES POSSIBLE INSIDER OIL TRADES
On 23 March, immediately before Donald Trump announced a delay in his threat to bomb Iran’s energy infrastructure, more than $800 million in oil futures were traded on the U.S. and global markets.
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U.S. CONGRESS CONSIDERS ANNUAL FEE FOR EVs
The U.S. Congress is considering imposing a $130 annual federal fee for all-electric passenger vehicles (EVs) and $35 for plug-in hybrids (PHEVs) under a bipartisan bill introduced last week.
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WALMART AND ITS CUSTOMERS FEEL THE FUEL SQUEEZE
Walmart customers are limiting their gasoline purchases, the retail chain said last week as it warned of rising prices along its store aisles.
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CONSUMER SENTIMENT FALLS TO ANOTHER RECORD LOW
U.S. consumers’ outlook on the present and future economy fell to another record low in May, the University of Michigan’s monthly survey of consumer sentiment found.