Live economy news

China has resumed purchasing soybeans from the United States.

Monterrey is experiencing infrastructure strain, with a 100% increase in demand reported by the steel giant.

US inflation has accelerated to an annual rate of 8%, driven significantly by rising gas prices. The Federal Reserve has expressed caution about cutting interest rates this year.

China has resumed buying U.S. soybeans late last year, though not at the levels previously hoped for. Small businesses report low confidence, with the lowest level since 2024. This action indicates a shift in trade relations.

US inflation accelerated to an annual rate of 8% in April. The two-year Treasury yield rose by more than three basis points in response.

In 2025, the EU exported €238.2 billion in agricultural products and imported €213.5 billion, resulting in a surplus of €24.7 billion. Both exports and imports saw year-over-year increases. This figure represents a positive balance in trade for the agricultural sector.

Lufthansa has reported a financially successful year with record revenue and significantly increased profits. This comes despite recent strikes by employees.

General Motors will cut between 500 and 600 white-collar jobs globally. The automaker is focusing on artificial intelligence and other skill sets for its future workforce.

Consumer prices in the US accelerated in April, largely driven by higher gas prices. Consumer prices in the United States increased by 3.8% in April, indicating an acceleration of inflation. Consumer prices rose by 0.3% in April, up from 0.2% in March.

Consumer prices in the US accelerated in April, largely driven by higher gas prices. The exact figures were discussed in relation to economic pressures. This rise is outpacing wage growth. This data has caused bond yields to increase and tech stocks to decline. Headline inflation in the US has accelerated, reaching its fastest pace in some time. The stock market, however, has shrugged off these elevated inflation numbers. This development follows a period where gas taxes were considered for a three-month suspension. Food economists estimate it will take approximately six months for the effects of the Iran war to impact grocery prices. Treasury yields are rising across the curve. Effects from the Iran war are expected to be felt in grocery prices. The exact annual rate was not specified in this report. The Trump administration is considering suspending the gas tax.

Kraken reported issuing 56 million tax forms, with nearly a third of these for transactions less than $1. The exchange stated it is time to fix digital asset taxes, aligning them with the logic of taxing stocks and securities.

A strike force has frozen $580 million in cryptocurrency assets linked to Southeast Asian scam networks. This action comes as Bitcoin has fallen by half from its peak, with capital outflows from crypto funds recorded for four consecutive months.

The cost of long-term government borrowing in the UK has increased due to political uncertainty. The pound has also fallen against the dollar and the euro. This rise impacts the cost of national debt and government spending.

Alberta and the federal government of Canada are launching a $68.5 million investment over three years to retrain workers affected by tariffs. The initiative aims to support those impacted by trade policies.

XRP ETF products experienced inflows totaling $25.8 million, contributing to a milestone of $1.48 billion in total ETF holdings. This institutional participation suggests potential for price movement. Exchange-Traded Fund products for XRP have seen inflows.

Atlanta has been ranked as the top city for job market and affordability, according to a new index. The ranking considered factors like entry-level job availability, average starting salary, and housing affordability. Orlando, Austin, Tampa, and Miami also ranked highly.

An Australian court has ordered a mining company to pay $150 million in compensation. The ruling pertains to the use of Indigenous land for mining operations. This ruling impacts land rights and resource development in the region.

The Federal Court has ruled that mining magnates must pay traditional owners $150.1 million in compensation for mining their land. This ruling follows a dispute that has been ongoing for over a decade.

The new Hungarian government announced it will free up $90 billion in funding from Europe.

A Porsche Taycan EV owner expressed disbelief at the vehicle's depreciation after less than a year. The owner received several quotes indicating value loss.

The US labor market added 200,000 non-farm payroll jobs in April, exceeding projections. Total non-farm payrolls increased by 272,000 in April, significantly surpassing the 175,000 increase projected by a Bloomberg survey.

Citigroup has raised its price target for Broadcom (AVGO) from $475.00 to $500.00, while maintaining a Buy rating. This adjustment reflects a positive outlook on the company's stock performance.

The cost of political instability in the UK has caused the bond market to spike. Investors are showing concern over the current political climate. The specific nature of the instability or the market reaction was not detailed.

The Export-Import Bank of the United States (EXIM Bank) plans to fundraise $10.5 billion in debt. The bank aims to facilitate U.S. The specific timing of the fundraise was not mentioned.

Emaar founder Mohamed Alabbar plans to invest up to $18 billion in Syria. This investment signals potential economic development and reconstruction efforts in the region. The founder of Emaar Properties plans an $18 billion investment in Syria.

US inflation figures released this morning show a rise to 0.8%, the highest level since October. The price of crude oil remains a factor in the inflation rate. This is significantly higher than the Federal Reserve's target of 2.0%. The latest Consumer Price Index (CPI) data shows US inflation rose to 0.8% in October. The Federal Reserve is monitoring the situation as inflation has remained above its 2% target for five years. A stable labor market is also being watched. Inflation is reportedly up, with numbers indicating a difficult economic situation. Concerns are also being raised about the potential for an economic crisis due to rising borrowing rates. Inflation in the United States has risen, with prices increasing by approximately 6.10% in April. Energy costs are cited as a contributing factor to this inflationary trend.

The Export-Import Bank of India plans to raise $10.5 billion in debt during the 2027 fiscal year. This fundraising effort is intended to support the bank's operations and financial activities.

Investor Tim Draper has stated that firms are irresponsible for not holding Bitcoin, predicting wealth generation from the cryptocurrency. He highlighted Bitcoin and Ethereum's current price stability ahead of potential peace talks and a Federal Reserve meeting.

US inflation experienced its largest increase in three years, a development linked to the ongoing Iran war. The consumer price index shows that inflation is accelerating in the United States. This rise in prices is occurring amid heightened tensions with Iran.

Goldman Sachs has filed documents to launch a Bitcoin fund. The fund aims to provide investors with exposure to Bitcoin. This move indicates growing institutional interest in cryptocurrency assets. This move comes as Bitcoin is reportedly transitioning to a treasury asset.