Economic Report

A Tsunami of layoffs hits the industry’s biggest names and late March and early April 2026 will be remembered as a turning point for global tech. Within just six weeks, more than 25,000 employees across some of the world’s most powerful companies were let go — not because their employers …

The US Dollar Index (DXY) extended its decline on Wednesday, sliding sharply as renewed expectations of a possible ceasefire in the Middle East shifted global market sentiment. The move marked a clear unwind of recent safe haven demand, with investors reducing exposure to the Dollar as risk appetite improved across …

Russia’s largest oil producer just posted its worst earnings in years. Behind the numbers lies a structural unraveling that no oil price rally can fully reverse. Russia’s largest oil producer entered 2026 carrying the scars of a brutal financial year. Net income for 2025 crashed 73% to just $3.6 billion …

U.S. factory activity continued to gain traction in March, signaling a resilient industrial sector despite mounting global uncertainty. The latest data showed manufacturing growth accelerating slightly, reaching its strongest level since mid-2022. Production picked up at a notable pace, helping sustain overall expansion, even as other components of the sector …

In late March and early April 2026, amid the escalating conflict between the United States, Israel, and Iran, airstrikes targeted two of Iran’s largest steel production complexes. The attacks hit Mobarakeh Steel near Isfahan — the biggest steel producer in the Middle East — and Khuzestan Steel in Ahvaz. These …

U.S. consumer spending showed renewed strength in February, as retail sales rebounded following a contraction in the previous month and came in slightly ahead of market expectations. According to the US Census Bureau, retail sales rose 0.6% month-on-month to $738.4 billion. The increase follows a 0.1% decline in January and …

U.S. private-sector hiring showed modest resilience in March, with job gains exceeding expectations despite a slight slowdown from the previous month. According to Automatic Data Processing, private employers added 62,000 jobs in March, following a revised increase of 66,000 in February. The latest reading came in above market forecasts of …

Bitcoin rose on Wednesday, leading gains across the cryptocurrency market as improving risk sentiment followed signals that the U.S.-Iran conflict could be nearing an end. The world’s largest cryptocurrency climbed nearly 2% to $68,807.8 as of 02:24 ET (06:24 GMT), extending a recovery after a largely subdued performance in March. …

European equities rallied sharply on Wednesday, while oil prices fell below the $100-per-barrel mark, after Donald Trump signaled that the United States could soon exit the ongoing conflict with Iran. By 03:17 ET (07:17 GMT), the pan-European STOXX 600 jumped 2.3%, with Germany’s DAX surging 2.8%. France’s CAC 40 gained …

Canada’s economy began the year on a steady footing, with modest growth supported by strength in energy and construction, even as manufacturing activity declined. According to Statistics Canada, real gross domestic product rose 0.1% in January, following a revised 0.2% increase in December. The reading came slightly above expectations, indicating …