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The National Association of Realtors reported that pending home sales in the United States jumped 6.1% in March, marking the sharpest monthly increase since December 2023.
This figure surprised analysts, who had forecast a much smaller gain. The Pending Home Sales Index reached 76.5, still well below historical peaks, but the surge signals a
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Read more: U.S. Pending Home Sales Surge on Lower Mortgage Rates, Inventory Rises
Write comment (96 Comments)The U.S. economy shrank in the first quarter of 2025, according to official data from the Bureau of Economic Analysis. The contraction, measured at an annualized rate of 0.3%, ended a three-year streak of growth.
It surprised many analysts who had expected modest expansion. The numbers reveal a story rooted in business behavior and trade policy
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Read more: Import Surge Ahead of Tariffs Drives U.S. GDP Down in Early 2025
Write comment (95 Comments)(Analysis) A new report from the Citizens Budget Commission reveals that New York City lost a net $9.2 billion in income to Florida’s Miami-Dade and Palm Beach counties over the five years leading up to 2022.
This shift saw 30,000 New Yorkers, many of them high earners, relocate south. The migration reflects a growing trend: affluent residents and
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Read more: High Earners Flee New York: $9 Billion Income Shift to Conservative Florida
Write comment (90 Comments)Trinidad and Tobago's 2025 general election has actually ended a decade of rule by the leftist People's National Movement (PNM). The centrist United National Congress (UNC), led by Kamla Persad-Bissessar, secured 25 seats in the 41-member House of Representatives.The PNM was up to 14 seats, while the more nationalist Tobago People's Party took two. P
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Read more: Trinidad and Tobago Elects New Leadership as Economy and Security Woes Deepen
Write comment (90 Comments)Germany's Federal Statistical Office reported that yearly customer rate inflation slowed to 2.1% in April 2025, down from 2.2% in March.This marks the lowest level considering that October 2024 and shows a gradual easing of heading inflation, though the figure still sits simply above market expectations. On a month-to-month basis, rates increased by 0.4%, matching the
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Read more: German Inflation Slows, but Service Sector Costs Remain Stubbornly High
Write comment (94 Comments)According to the U.S. Census Bureau, the U.S. goods trade deficit soared to $162 billion in March 2025, the largest monthly gap ever recorded.
Imports climbed to $342.7 billion, up 5% from February and 30.8% higher than a year earlier. Exports increased more modestly to $180.8 billion, a 1.2% monthly gain and 6.8% year-on-year rise.
These numbers
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Read more: U.S. Tariffs Drive Import Boom and Trade Deficit, Consumer Costs Offset by Cheaper Energy
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