Markets
U.S. Trade Gap Deepens, Surpassing Predictions
In March, the U.S. trade deficit widened to $69.4 billion, surpassing expectations due to declines in exports and imports.
In March, the U.S. trade deficit widened to $69.4 billion, surpassing expectations due to declines in exports and imports.
ADNOC boosts its oil production to 4.85 million bpd ahead of the OPEC+ meeting, positioning the UAE to influence global oil market dynamics as production cuts are reviewed.
JP Morgan forecasts interest rates rising to 8%, potentially triggering a recession and banking crisis similar to past financial downturns.
U.S. hiring rates have plummeted to a six-year low as of March 2024, highlighting significant labor market challenges and discrepancies between official data and actual job availability.
Amid speculation of Bank of Japan intervention, the yen rebounded from a 34-year low against the dollar.
U.S. consumer confidence has hit its lowest since July 2022, sparking recession concerns as heightened prices lead to more savings and less spending.
U.S. LNG exports fell for the fourth month to 6.19 million metric tons, primarily due to production disruptions at major facilities like Freeport LNG, affecting global energy markets.
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In March, the U.S. trade deficit widened to $69.4 billion, surpassing expectations due to declines in exports and imports.
ADNOC boosts its oil production to 4.85 million bpd ahead of the OPEC+ meeting, positioning the UAE to influence global oil market dynamics as production cuts are reviewed.
JP Morgan forecasts interest rates rising to 8%, potentially triggering a recession and banking crisis similar to past financial downturns.
U.S. hiring rates have plummeted to a six-year low as of March 2024, highlighting significant labor market challenges and discrepancies between official data and actual job availability.
Amid speculation of Bank of Japan intervention, the yen rebounded from a 34-year low against the dollar.
U.S. consumer confidence has hit its lowest since July 2022, sparking recession concerns as heightened prices lead to more savings and less spending.
U.S. LNG exports fell for the fourth month to 6.19 million metric tons, primarily due to production disruptions at major facilities like Freeport LNG, affecting global energy markets.
The Truth About Health Insurance Deductibles.
The FOMC maintained the federal funds rate at 5.25-5.50%, citing 'lack of progress' toward its 2% inflation target and adjusting market expectations for future rate cuts.
California is set to increase its gas tax to nearly 60 cents per gallon on July 1, exacerbating the financial burden on motorists already paying $1.70 more per gallon than the national average.
President Biden's proposed 45% capital gains tax, the highest in a century, could significantly impact U.S. investment.
House Republicans criticize the Biden administration's EPA directive to cut emissions from coal and gas plants by 2039, arguing it threatens economic viability and could shut down numerous utilities.
Consumer confidence and employment trends in the U.S. signal a looming recession, with economic indicators like regional Fed surveys and a stagnant bond market highlighting increasing challenges.
Treasury Secretary Janet Yellen defends the Biden administration's economic policies, asserting that Americans are financially better off despite ongoing inflation concerns.
