The U.S. economy grew faster than previously estimated in the USA Q2 second quarter of 2025, with gross domestic product (GDP) rising at an annual rate of 3.3%. The upward …
Latest in Economy
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Economy
Bank of Korea Holds Rates Steady, Signals Resilient Growth Amid Tariff Storm
by Lissa Oxmemby Lissa OxmemOn Aug. 28 Korea, the Bank of Korea kept its standard interest rate unchanged for a second straight review, citing concerns over housing market risks and household debt while also …
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Economy
Record-breaking Dow Jones surges 846 points on Powell’s powerful rate cut signal
by Lissa Oxmemby Lissa OxmemFollowing Federal Reserve Chair Jerome Powell indication that an interest rate cut may be imminent, the Dow Jones Industrial Average broke all previous records on Monday, rising 846 points. One …
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In 2025, South Dakota (1.8%) recorded the lowest unemployment rate among the US states, while Washington, D.C., recorded the highest unemployment rate (5.9%). However, the national unemployment rate is 4.1%. …
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Elon Musk, born in South Africa and currently the richest person in the world, owns the most wealth among America’s Top immigrant billionaires. The 10 richest foreign-born Americans, 7 of …
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Economy
GDP Per Capita: Kazakhstan Surpasses Russia and China, Achieving a New Milestone
by Akash Biswasby Akash BiswasKazakhstan has overtaken Russia and China to become the regional leader in Central Asia in gross domestic product (GDP) per capita, according to the International Monetary Fund (IMF). The organization’s …
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Economy
US and EU trade deals: 50% tariffs on steel and aluminum to remain in place
by Akash Biswasby Akash BiswasThe United States signed a framework trade agreement with the European Union at President Donald Trump’s luxury golf course in Turnberry, western Scotland, on Sunday, July 27. It imposes 15% …
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The world’s richest people choose to live in a country temporarily or permanently because of a business-friendly environment, political stability, a better lifestyle, tax benefits, and amenities. The source of …
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Economy
Top 10 largest oil-producing countries in the world: USA takes first place
by Akash Biswasby Akash BiswasThere are a handful of countries around the world that produce the most oil, and their production influences energy markets, prices, and geopolitics. The top 10 largest oil-producing countries in …
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Following its decision to withhold over “dollar 6 billion” ($6B) in federal education grants as part of a comprehensive review to make sure funding is in line with President Donald …