Economic News

By Harshit | October 7, 2025 | Washington WASHINGTON — The U.S. government shutdown entered its second week on Tuesday, showing little sign of resolution. But an approaching deadline for military paychecks is emerging as a potential game-changer in the standoff between Congress and the White House. Analysts warn that the Oct. 15 payroll date, […]

By Harshit | October 7, 2025 | London | 12:10 PM BST LONDON — European stocks traded slightly higher on Tuesday as investors closely monitored political uncertainty in France following the surprise resignation of Prime Minister Sebastien Lecornu, less than a month into his tenure. Market Overview By 12:10 p.m. London time (7:10 a.m. ET),

By Harshit Kumar Siddharth | October 6, 2025 | Washington, D.C. | 10:00 AM EDT The U.S. Treasury Department confirmed a significant IRS leadership shake-up on Monday, as Treasury Secretary Scott Bessent will remain the commissioner of the Internal Revenue Service, while Frank Bisignano takes on a newly created top deputy role. The announcement comes

By Harshit Kumar Siddharth | October 6, 2025 | London, UK | 15:30 BST European equities faced turbulence on Monday as investors absorbed the news of France’s Prime Minister Sebastien Lecornu resigning unexpectedly, just weeks after assuming office. The political shake-up adds to a period of instability following the collapse of François Bayrou’s government, leaving

By Harshit Washington, October 5, 2025 – 6:00 AM EDT EV Sales Surge Ahead of Government Incentive Expiry Electric vehicle (EV) sales in the U.S. appeared to be gaining strong momentum, with battery-powered car sales surpassing 1.2 million last year—more than five times the total from 2021. Hybrid vehicle sales also tripled, according to S&P

By Harshit Paris, October 5, 2025 – 7:30 AM CEST Political Instability Sparks European Attention France’s political chaos has captured international attention this week, with neighbors in Italy observing with what newspapers described as gioia maligna—malicious joy. In less than two years, France has seen five prime ministers, a record unmatched even in post-war Italy.

By Harshit Washington, D.C., October 4, 2025 – 8:45 AM EDT Shutdown Silences Official Jobs Report The first Friday of October typically brings the Bureau of Labor Statistics’ (BLS) closely watched nonfarm payrolls report. This month, however, the release never came. The U.S. government shutdown forced the Labor Department to suspend activity, leaving economists and

By Harshit Tokyo, October 4, 2025 – 9:15 AM JST Hitachi–OpenAI Partnership Boosts Investor Confidence Shares of Japanese conglomerate Hitachi Ltd. surged more than 10% on Friday after the company announced a strategic partnership with OpenAI to develop artificial intelligence infrastructure and global data centers. The deal marks one of the most significant alliances yet

By Harshit, San Francisco, October 3, 2025 – 3:00 AM EDT A New Wave of Defense Startups Silicon Valley is witnessing a surge of defense technology startups that are drawing billions in venture funding and challenging the dominance of legacy contractors. Companies like Anduril Industries, recently valued at $30.5 billion, are leading the charge among

By Harshit, London, October 3, 2025 – 8:30 AM BST European Markets Build on Weekly Gains European stocks are set to open higher on Friday, continuing a strong week for regional equities. The pan-European Stoxx 600 gained 0.5% in Thursday’s session, reaching a record high before closing, marking its fifth consecutive day of gains. The