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Economy

Economy

Retailer Party City files for bankruptcy, will wind down 700 stores

By Mrinmay Dey (Reuters) – Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in…
Economy

Energy storage needs to grow 34x by 2050: Where will this come from?

Investing.com — Energy storage is expected to grow by 34 times by 2050, according to UBS. The current capacity of approximately 270…
Economy

Will federal government spending be slashed in 2025?

Investing.com — The U.S. federal government’s $6.8 trillion spending in fiscal 2024 is unlikely to see significant cuts next year, despite calls for…
Economy

North Korea’s Kim Jong Un calls for stronger rural economies, state media says

SEOUL (Reuters) – North Korean leader Kim Jong Un called to step up development of the country’s industrial production in regions outside…
Economy

BOE to cut 4 times in 2025 – Deutsche Bank

Investing.com – The Bank of England kept interest rates unchanged, as expected, on Thursday, but Deutsche Bank (ETR:DBKGn) expects the UK central…
Economy

Italy fines OpenAI 15 million euros over privacy rules breach

MILAN (Reuters) – Italy’s privacy watchdog said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an…
Economy

Investors hope for US stock market trifecta in 2025 after back-to-back boom years

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – Investors are expecting more gains for the U.S. stock market in 2025 after two…
Economy

Hungary’s parliament backs 2025 budget plan, deficit target seen at risk

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s parliament approved Prime Minister Viktor Orban’s 2025 budget on Friday, shrugging off concerns by the…
Economy

Investors hope for ‘Santa Claus’ rally as stocks lose steam

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S….
Economy

Here are the key takeaways from Putin’s annual press conference

Investing.com — On Thursday, Russian President Vladimir Putin expressed readiness for a dialogue with U.S. President-elect Donald Trump, while also discussing Russia’s…
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