Daily Economic Reports

TikTok began restoring its services in the United States on Sunday, hours after the app went offline following a Supreme Court-backed ban. The ban, approved by Congress, required TikTok to divest from its Chinese ownership due to concerns about potential misuse of user data by the Chinese government. Supreme Court …

European stock markets posted modest gains on Monday as investors anticipated U.S. President-elect Donald Trump’s second-term inauguration later in the day, while keeping an eye on global developments like the World Economic Forum in Davos. Market Overview DAX (Germany): +0.1% CAC 40 (France): +0.3% FTSE 100 (UK): +0.1% With U.S. …

President-elect Donald Trump is preparing to declare a national emergency as he assumes office, granting him expanded powers to bolster domestic energy production and roll back climate change regulations, Bloomberg reported on Monday. The announcement is expected to be part of a sweeping set of executive actions on his first …

TikTok began reinstating access for U.S. users on Sunday, just hours after compliance with a Supreme Court-backed ban temporarily took the app offline. The move comes as President-elect Donald Trump pledged to issue an executive order upon taking office on Monday, granting TikTok additional time to secure a U.S. buyer …

Wildfires Ignite Inflation Fears as Economic Headwinds IntensifyThe recent wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the Federal Reserve’s fight to bring prices …

On January 17th, 2025, just days before his presidential inauguration, Donald Trump launched a meme coin, aptly named “Trump Coin.” Within 24 hours, the coin achieved an astounding market capitalization of $4.8 billion and a fully diluted valuation of $24.3 billion. This rapid rise has positioned Trump Coin to potentially …

The cryptocurrency market is buzzing with excitement as Bitcoin continues to demonstrate strength, trading comfortably above the $100,000 mark. This bullish sentiment is fueled by a confluence of factors, with the incoming Trump administration’s potential pro-crypto policies emerging as a key driver.Several economists echo this optimism, predicting a significant price …

On Friday, Chancellor Olaf Scholz presented his vision to rejuvenate Germany’s struggling economy during a campaign event at Volkswagen’s historic home base, which has been hit hard by the ongoing crisis. In front of a crowd of supporters, Scholz defended his government’s economic record, which has been battered by an …

The U.S. dollar steadied on Friday but was set to break its six-week winning streak as investors reassessed the Federal Reserve’s monetary policy path and looked ahead to the inauguration of President-elect Donald Trump next week. Dollar Dips on Fed Rate Cut Expectations The dollar index, which measures the greenback …

The Euro has capitalized on the US Dollar’s decline, which fell below the 109.00 mark on the US Dollar Index, a measure of the greenback’s performance against a basket of six major currencies. This occurred despite the outcome of the European Central Bank’s December meeting.The Euro/Dollar pair rose to 1.0301, …