Daily Economic Reports

A widespread power outage struck most of Cuba on Wednesday, including the capital Havana, after a failure at the country’s largest thermoelectric plant, highlighting the fragile state of the island’s electricity system. State power utility Unión Eléctrica (UNE) said the blackout was triggered by an unexpected shutdown at the Antonio …

Oil prices jumped sharply in Asian trading on Thursday as the conflict in the Middle East entered its sixth day with no clear signs of de-escalation, fueling fears of significant supply disruptions from one of the world’s most critical energy-producing regions. By 01:01 ET (06:01 GMT), Brent crude futures rose …

Global markets are entering a critical phase as investors brace for the release of the U.S. non-farm payrolls report for February. Despite escalating geopolitical tensions in the Middle East, employment data remains one of the most powerful drivers of market sentiment, shaping expectations for economic momentum and future interest-rate decisions.The …

Bitcoin delivered a powerful rebound on Wednesday, vaulting back above the $71,000 level and recording its strongest performance in weeks, even as geopolitical tensions remained elevated. The sharp move highlighted how quickly sentiment in the crypto market can reverse once selling pressure fades and confidence begins to rebuild.At the time …

Gold and silver rebounded strongly as escalating geopolitical tensions pushed investors back toward traditional safe-haven assets. After days of heavy volatility, renewed uncertainty revived demand for precious metals, reinforcing their role as protection during periods of global stress.Gold prices climbed back above $5,100 per ounce, recovering from a sharp pullback …

The widening conflict in the Middle East is rapidly becoming a defining test for the global economy, with its ultimate impact hinging on how long the fighting lasts, how much damage it inflicts, and whether energy price shocks fade quickly or become entrenched. Policymakers and markets alike are watching a …

U.S. stocks staged a broad rebound on Wednesday, recovering from two days of sharp swings as oil prices eased and fresh economic data offered reassurance about growth. The turnaround helped calm investors rattled by escalating geopolitical tensions, particularly fears tied to the conflict involving Iran.Major indexes climbed steadily through midday …

Economic activity in the U.S. services sector gained notable momentum in February, signaling renewed strength in the largest part of the American economy. The latest Services Purchasing Managers’ Index climbed to 56.1, up sharply from January’s reading and well above market expectations, pointing to a solid expansion in business activity.The …

The U.S. administration struck an optimistic tone on the outlook for jobs, trade, and energy markets, even as global tensions and market volatility remain elevated. Recent comments from Scott Bessent offered a broad view of how policymakers see the economy evolving in the months ahead.On employment, officials expressed confidence that …

U.S. private sector hiring showed a modest but encouraging pickup in February, offering a reassuring signal about the labor market at a time of heightened global uncertainty. Data released Wednesday showed that private employers added 63,000 jobs, surpassing expectations for a smaller increase and improving on January’s subdued performance.The report …