U.S. Retail Sales Decline 0.9% in January 2025
Retail sales in the U.S. fell 0.9% in January 2025, significantly worse than the forecasted 0.1% decline. This drop follows a 0.7% increase in December 2024, signaling a sudden shift in consumer spending trends. Which Sectors Experienced the Biggest Declines?...
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China’s Current Account Surplus Hits a Record High in Q4 2024
China has once again made headlines in global finance, achieving its highest-ever current account surplus of 180.7 billion dollars in the fourth quarter of 2024. This marks a substantial rise from 56.2 billion dollars in the same period of 2023...
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Michigan Joins the Crypto Wave: A New Era of State Investments
Cryptocurrency is no longer just a speculative asset for tech enthusiasts and investors. Now, even U.S. states are jumping in—Michigan being the latest to take the plunge. A newly proposed bill, House Bill 4087, could make Michigan one of the...
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JPMorgan Warns: Tether May Sell Bitcoin to Comply with U.S. Stablecoin Regulations
Tether (USDT), the world’s largest stablecoin issuer, may be forced to sell a portion of its Bitcoin holdings and other non-liquid assets to comply with proposed U.S. regulations. According to JPMorgan analysts, these regulatory changes could reshape the stablecoin market,...
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Trump Announces New Reciprocal Tariffs
Former U.S. President Donald Trump has announced a new wave of reciprocal tariffs, a move that could escalate global trade tensions and impact economies worldwide. The announcement came via a post on Truth Social, where Trump emphasized his commitment to...
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