Steve

Steve

Recession risks recede as global PMI turns positive

When it comes to the global economy, a key indicator that investors, policymakers, and businesses watch closely is the Purchasing Managers’ Index, or PMI. Recently, the global PMI has turned positive again after a period of sluggishness and uncertainty. This…

Global remittances rise to record levels

Global remittances have surged to unprecedented heights, marking a significant milestone in the flow of money sent by migrant workers to their home countries. This upward trend is reshaping economies worldwide and highlighting the critical role remittances play in supporting…

China’s youth unemployment falls sharply

China’s youth unemployment has been a hot topic lately, and recent data shows some encouraging signs that the situation is improving, even if challenges remain. After years of rising joblessness among young people, the youth unemployment rate in urban areas…

India’s stock market hits all-time high

India’s stock market has been making headlines recently, hitting an all-time high that’s got investors and analysts buzzing with excitement. This milestone isn’t just a number on a chart—it reflects a combination of strong economic fundamentals, investor confidence, and some…

Mortgage applications surge on rate drop

When mortgage rates take a dip, something interesting happens: people start rushing to apply for loans. Recently, the U.S. mortgage market experienced just that—a noticeable surge in applications following a drop in interest rates. This uptick is more than just…

Global wealth inequality widens amid uneven recovery

Global wealth inequality is becoming more pronounced as the world experiences an uneven economic recovery. While overall global wealth continues to grow, this growth is far from evenly distributed, deepening the divide between the ultra-rich and everyone else. Recent reports…

Household net worth rises on stock market gains

Household net worth has been on an upward trajectory recently, largely fueled by gains in the stock market and rising real estate values. Even though economic uncertainty and market volatility have posed challenges, many households found their overall wealth increasing…