Economy

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Record low US home sales in 2024

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…
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Trump’s tariff plans take shape.

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 SectorThe semiconductor industry is set to be considerably impacted by the suggested tariffs. Asia leads the world in chip manufacturing, contributing to over 80% of global semiconductor production. Prominent corporations like Taiwan Semiconductor Manufacturing Co. (TSMC) and South Korea's Samsung Electronics and SK Hynix serve as primary suppliers to…
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Challenges for Recent Graduates in the Modern Job Market

Actualmente, el panorama laboral para los recién egresados universitarios se ha vuelto más complicado. A pesar de que la tasa nacional de desempleo se mantiene estable en un 4.1%, los jóvenes profesionales enfrentan considerables obstáculos al pasar del ambiente académico al mundo laboral.Worries of Employers and Perceived ReadinessUn sondeo realizado en diciembre reveló que cerca del 58% de los reclutadores piensan que los recién graduados no están listos para enfrentar las exigencias del mercado laboral. Las críticas suelen centrarse en la falta aparente de motivación, habilidades de comunicación y profesionalismo entre los recién llegados. Algunos empleadores achacan estas deficiencias a…
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Trump’s approach to trade tariffs

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 IndustryApprehensions in the Pharmaceutical IndustryThe pharmaceutical sector is another central target of the suggested tariffs. Japanese pharmaceutical firms, such as Takeda, Astellas, Daiichi Sankyo, and Eisai, hold substantial interests in the American market. For instance, Takeda disclosed that more than half of its revenue in the…
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UK economy contracts in October, sparking concerns over growth and inflation

UK economy contracts in October, sparking concerns over growth and inflation

The UK economy unexpectedly contracted in October, exacerbating fears of a prolonged economic slowdown as businesses and households grapple with uncertainty. According to the Office for National Statistics (ONS), gross domestic product (GDP) fell by 0.1% month-on-month, defying economists' expectations of a modest 0.1% increase. This contraction follows a similar 0.1% decline in September, marking the second consecutive month of negative growth and raising concerns about the country's economic trajectory. The ONS attributed October's decline to reduced output across all key sectors. However, on a three-month rolling basis, GDP showed a slight increase of 0.1% for the period ending in…
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Scott Bessent poised to lead economic policy in Trump’s administration

Scott Bessent poised to lead economic policy in Trump’s administration

Scott Bessent, founder and CEO of Key Square Group LP, has been tapped by President-elect Donald Trump for the crucial role of Treasury secretary. The news has already sparked optimism in financial markets, with stock futures rising and Treasury yields falling early Monday. This reaction followed Friday's announcement that Trump intended to name Bessent, a seasoned Wall Street figure, as his administration's top economic policymaker. The appointment sends a clear signal of Trump's commitment to putting someone with extensive market experience and a shared economic philosophy at the helm of the Treasury Department. Analysts widely praised the decision, noting that…
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Trump announces new tariffs on Chinese goods, escalating trade tensions

Trump announces new tariffs on Chinese goods, escalating trade tensions

US-China economic relations are facing new uncertainties after President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese imports. The announcement, made on its social media platform Truth Social, signals a significant escalation in trade tensions between the world's two largest economies. Trump's statement came shortly after he revealed his intention to enact a 25% tariff on all imports from Mexico and Canada as one of his first executive actions on Jan. 20, the day he took office. This move is expected to effectively dismantle the existing regional free trade agreement between the three nations. Trump…
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Databricks raises billions in funding delays IPO amid AI boom

Databricks raises billions in funding delays IPO amid AI boom

Databricks, one of the world's most valuable private technology companies, is raising billions of dollars in new funding as it chooses to delay its long-awaited public offering, sources familiar with the matter told CNBC. The San Francisco-based company is reportedly securing at least $5 billion in its latest funding round, with the potential to raise as much as $8 billion as discussions progress. This new round would push Databricks' valuation to $55 billion, making it one of the most valuable private technology companies globally. The funding round, according to insiders, is partly designed to allow employees to sell shares, easing…
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Trump and Powell could face renewed tensions over economic policy in 2025

Trump and Powell could face renewed tensions over economic policy in 2025

As President-elect Donald Trump prepares to return to the White House in January, a potential clash with Federal Reserve Chairman Jerome Powell looms on the horizon, largely dependent on evolving economic conditions. If inflation rises and the economy overheats, the Fed may feel forced to slow the pace of interest rate cuts or even keep them stable. Such a move could put Powell on a collision course with Trump, who has historically criticized the Fed for not easing monetary policy quickly enough. This potential tension is not new. Powell, appointed Fed chair by Trump in 2018, often found himself at…
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Elon Musk endorses candidates for Treasury secretary amid Trump transition

Elon Musk endorses candidates for Treasury secretary amid Trump transition

At the 10th awards ceremony held at the Academy Museum of Motion Pictures on April 13, 2024, Elon Musk made headlines by expressing his support for potential candidates for the position of Treasury secretary. This announcement comes as President-elect Donald Trump has yet to reveal his pick for this crucial Cabinet role. Through a post on This endorsement highlights Musk's belief in the need for a change in economic policy. Reports indicate that Lutnick and Scott Bessent, founder and CEO of Key Square Group, are the leading contenders for the Treasury Department. Musk also shared his view on Bessent, describing…
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