Economy

Texas Housing Market Faces Major Correction as Inventory Surges and Prices Decline

Texas housing market corrects with inventory up 53%, prices drop, impacting major cities like Austin and San Antonio.

#texas, #housingmarket, #realestate, #economy, #mortgagerates

U.S. Dollar Plummets Amid Fiscal Concerns and Proposed Tax Bill

The U.S. dollar drops amid fiscal worries following Trump's $3.8 trillion tax bill proposal, raising national debt concerns. Moody's downgrades U.S. credit rating.

#usdollar, #taxbill, #usdeconomy, #moody's, #nationaldebt

ECB Warns: Droughts Threaten to Slash Eurozone Economy by 15%

ECB and Oxford's study warns droughts may cut Eurozone GDP by 15%, impacting agriculture and manufacturing sectors significantly.

#ecb, #eurozone, #drought, #agriculture, #climatechange

ECB Warns of Severe Economic Risks from Eurozone Droughts

The ECB highlights droughts' threat to the Eurozone economy, warning of up to 15% output reduction in agriculture and other sectors.

#ecb, #drought, #eurozone, #economy, #climatechange

Eurozone Sees Surprise Business Activity Contraction in May 2025

Eurozone business activity unexpectedly contracts in May 2025, marking a downturn in the services sector.

#eurozone, #businessactivity, #contraction, #servicessector, #manufacturing

U.S. Faces $12.5 Billion Decline in International Tourism in 2025

U.S. international tourism projected to drop by 7%, losing $12.5 billion due to economic and political factors.

#us, #tourism, #economy, #trumpadministration, #internationalrelations

Cleveland Fed President Outlines Economic Scenarios Amid New Tariffs

Cleveland Fed President Beth Hammack highlights scenarios from recent tariffs, stressing the Fed's responsive monetary policy.

#federalreserve, #tariffs, #economy, #inflation

Global Retailers Adjust Prices in Response to U.S. Tariffs, Raising Inflation Concerns

Global retailers spread U.S. tariff costs globally, raising inflation fears in stable regions like the EU and Britain.

#tariffs, #globaltrade, #inflation, #uspolitics

Bank of England Considers Reforming Ring-Fencing Regulations Amidst Industry Debate

BoE plans to adjust UK banking ring-fencing rules to balance growth and stability, sparking industry debate.

#banking, #ringfencing, #financialregulations, #boe, #ukeconomy

UK Government to Regulate 'Buy Now, Pay Later' Services for Consumer Protection

UK to regulate 'Buy Now, Pay Later' services, aligning them with credit products to enhance consumer protection and responsible lending.

#buynowpaylater, #regulation, #consumerprotection, #ukgovernment, #finance

Trump Administration Proposes Major Banking Regulation Changes

Trump administration aims to revise banking regulations, easing leverage rules and sparking debates over financial stability.

#trumpadministration, #bankingregulations, #financialstability, #economy, #leverage

Moody's Downgrades U.S. Credit Rating Amid Growing Debt Concerns

Moody's lowers U.S. credit rating, citing debt and deficits, impacting global markets and sparking policy debates.

#uscreditrating, #moody's, #sovereigncredit, #nationaldebt, #financialmarkets

U.S. and China Agree to 90-Day Truce in Trade Dispute, Significantly Reducing Tariffs

U.S. and China agree to a 90-day truce reducing tariffs, marking a pivotal moment in the trade dispute between the two largest economies.

#us, #china, #trade, #tariffs, #economy

UK Government Contemplates Reduction in Cash ISA Allowance to Boost Stock Market Investments

UK ministers may lower cash ISA allowances to encourage investments in UK stocks, sparking debate over savers' flexibility and market growth.

#uk, #isas, #investments, #stockmarket, #economy

Barclays Revises U.S. Economic Outlook Amid Easing Trade Tensions

Barclays projects U.S. growth at 0.5% for 2025 after eased U.S.-China trade tensions foster positive global conditions.

#barclays, #ustrade, #china, #economy, #growth