Economy

During the last quarter of 2024, the US economy grew at an annual rate of 2.3%, according to the Bureau of Economic Analysis. This expansion was below the expected 2.6% and represented a slowdown from the 3.1% increase seen in the previous quarter.In the fourth quarter of 2024, the United States economy expanded at an annualized rate of 2.3%, as reported by the Bureau of Economic Analysis. This growth rate fell short of the anticipated 2.6% and marked a deceleration from the 3.1% growth observed in the third quarter.Growth in the fourth quarter was mainly fueled by a rise in…

At the end of January 2025, the U.S. government revealed its intentions to impose tariffs on imported pharmaceuticals, steel, and computer chips. This action seeks to strengthen local manufacturing and tackle trade imbalances. Yet, these steps might profoundly impact global trade relations, especially influencing major U.S. partners in Asia.Effect on Semiconductor SectorImpact on Semiconductor IndustryThe semiconductor sector is poised to be significantly affected by these proposed tariffs. Asia dominates global chip production, accounting for over 80% of the world's semiconductors. Leading companies such as Taiwan Semiconductor Manufacturing Co. (TSMC) and South Korea's Samsung Electronics and SK Hynix are major suppliers…

During the last quarter of 2024, the US economy grew at an annual rate of 2.3%, according to the Bureau of Economic Analysis. This expansion was below the expected 2.6% and represented a slowdown from the 3.1% increase seen in the previous quarter.In the fourth quarter of 2024, the United States economy expanded at an annualized rate of 2.3%, as reported by the Bureau of Economic Analysis. This growth rate fell short of the anticipated 2.6% and marked a deceleration from the 3.1% growth observed in the third quarter.Growth in the fourth quarter was mainly fueled by a rise in…

En 2024, el mercado inmobiliario de Estados Unidos sufrió una notoria caída, con las ventas de viviendas existentes disminuyendo a niveles que no se veían desde 1995. La Asociación Nacional de Agentes Inmobiliarios informó que solo se vendieron 4.06 millones de casas durante el año, lo que representa una disminución del 0.7% respecto a 2023. Esta reducción resalta las dificultades que enfrentan tanto compradores como vendedores en la situación económica actual.In 2024, the United States housing market experienced a significant downturn, with existing-home sales plummeting to levels not seen since 1995. The National Association of Realtors reported that only 4.06…

During the last quarter of 2024, the US economy grew at an annual rate of 2.3%, according to the Bureau of Economic Analysis. This expansion was below the expected 2.6% and represented a slowdown from the 3.1% increase seen in the previous quarter.In the fourth quarter of 2024, the United States economy expanded at an annualized rate of 2.3%, as reported by the Bureau of Economic Analysis. This growth rate fell short of the anticipated 2.6% and marked a deceleration from the 3.1% growth observed in the third quarter.Key Drivers of Economic GrowthThe fourth-quarter growth was primarily driven by increases…

Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), testified before the Senate Committee on Banking, Housing, and Urban Affairs in late November 2023, addressing ongoing consumer financial protection issues. A few weeks later, the CFPB stepped up its efforts by filing a lawsuit against Zelle, a major peer-to-peer payments network, and its three largest operators – JP Morgan Chase, Bank of America and Wells Fargo – for failing to fight fraud. and adequately compensate victims. The lawsuit marks a significant step in the CFPB's broader campaign to hold financial institutions accountable for fraud-related customer losses. Customers of the…

William O'Dowd IV, CEO of Dolphin Entertainment Inc. (NASDAQ:DLPN), increased his personal investment in the company by acquiring an additional 13,000 shares of common stock. The shares were purchased at an average price of $1.09 each, bringing the total value of the transaction to approximately $14,170. This move highlights O'Dowd's confidence in the company's future and its recent performance metrics, including an impressive 94% gross profit margin and a 22% revenue growth rate over the past year. The purchase, completed on December 17, 2024, increases O'Dowd's direct ownership in Dolphin Entertainment to 147,493 shares. In addition to this, O'Dowd also…

Federal Reserve Chair Jerome Powell and the Federal Open Market Committee (FOMC) will announce their latest monetary policy decision on Wednesday, and market participants are preparing for a surprising move. Despite inflation remaining above the Fed's 2% target, robust economic growth of around 3% and a strong labor market, the central bank is expected to lower its benchmark interest rate by 25 points basis, bringing the target range to 4.25%-4.5. %. This potential cut comes as a surprise to many, as conventional wisdom would suggest that the Fed might maintain or even raise rates under such economic conditions. Futures market…

The U.S. auto market is poised for its strongest performance in years, with new vehicle sales expected to rise to levels not seen since 2019. Industry analysts expect a recovery in 2025, driven by improved affordability, lower interest rates and a gradual normalization of the vehicle market. stocks after years of supply chain disruptions and inflated prices. Cox Automotive expects new light-duty vehicle sales to reach 16.3 million units in 2025, slightly ahead of forecasts from S&P Global Mobility and Edmunds, which call for sales of about 16.2 million. These estimates represent a modest increase from this year's expected range…

Apple is accused of illegally surveilling the personal devices and iCloud accounts of its employees, particularly when they discuss pay and workplace conditions. A new complaint, filed by Domingo Amar Bhakta in a California state court, accuses the tech giant of requiring employees to install software on personal devices used for work. This software supposedly grants Apple access to sensitive personal data, including emails, photo archives, health information, and even data from “smart home” devices. Bhakta, who works in Apple's digital advertising division and has been with the company since 2020, claims that Apple has strict privacy policies that prevent…