Financial World

Financial World is an online platform focused on all things related to the economy and finance.

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Canada's inflation slows, BoC eyes possible July rate cut

3 days ago | financial-world.org | Faruk Imamovic

Canada's inflation showed welcome signs of moderation in May, offering some relief to policymakers at the Bank of Canada (BoC). Core measures, which the BoC watches closely, averaged a monthly increase of just 0.21% and 3.0% on an annual basis. These numbers provide some breathing space after stronger figures observed in April. Headline inflation held steady at 1.7% year-over-year, largely thanks to the continued drop in energy prices.
Middle East ceasefire eases global oil market tension

3 days ago | financial-world.org | Faruk Imamovic

Markets worldwide responded positively to a temporary easing of tensions in the Middle East, following President Donald Trump’s announcement of a ceasefire between the US, Iran, and Israel. This development, marked by Iran’s symbolic "proportional response"—a missile strike on a US naval base in Qatar causing no injuries—reduced fears of further conflict disrupting global oil supplies.
Canada housing market struggles persist with 17% price drop from peak

1 week ago | financial-world.org | Faruk Imamovic

Canada's housing market continues to struggle in the first half of 2025, with analysts projecting difficult conditions ahead despite some signs of stabilization. The market has experienced significant declines across multiple indicators, though new residential construction remains a notable exception to the broader weakness. The combination of stretched affordability, policy changes, and economic pressures has created a challenging environment for homeowners and potential buyers.
United States leads world's richest nations in $25.8 trillion debt

1 week ago | financial-world.org | Faruk Imamovic

The United States holds the largest external debt among wealthy nations at $25.8 trillion, according to a new study by Falcon Funded. Despite this massive figure, America's debt-to-GDP ratio of 95.94% remains more balanced than most countries in the top ten. The research analyzed GDP figures, external debt totals, economic freedom indices, and inflation rates to create a Financial Stress Score.
Amazon CEO Jassy joins tech leaders warning employees about AI disruption

1 week ago | financial-world.org | Faruk Imamovic

Amazon CEO Andy Jassy delivered a stark message this week: artificial intelligence will eliminate some jobs while creating others. His warning joins a growing chorus of corporate leaders telling employees they must embrace AI or face unemployment. The message from executives is increasingly clear—learn AI or be left behind. Christopher Myers, faculty director at Johns Hopkins Carey Business School, believes workers need to hear this truth now rather than when they're already sidelined.
Major companies reveal how AI reviews your job applications

1 week ago | financial-world.org | Faruk Imamovic

Job seekers constantly wonder whether their résumés ever reach human eyes. Business Insider asked seven major companies about their hiring practices, and the answers reveal a complex picture of how AI shapes the application process. Most companies insist humans still make the final decisions, though AI increasingly helps sort through overwhelming application volumes.
U.S. monetary officials project two rate cuts through 2025

1 week ago | financial-world.org | Faruk Imamovic

The Federal Reserve kept interest rates steady at 4.25 to 4.5% today, while suggesting that elevated inflation might not prevent rate cuts next year. The central bank's updated projections show policymakers expect to reduce rates by 50 basis points through 2025, even as they raised their core inflation forecasts. This apparent tolerance for higher prices marks a notable shift in the Fed's approach. The median projection for core PCE inflation rose to 3.1% for 2025, up from 2.8% previously.
Federal Reserve confronts inflation data as tariff concerns persist

1 week ago | financial-world.org | Faruk Imamovic

The Federal Reserve faces a crucial decision today as it evaluates whether recent cooling inflation trends are genuine or merely temporary. Jay Powell's upcoming announcement could signal a shift from his May stance, even as median projections point toward fewer rate cuts in 2025. Recent data paints an encouraging picture. Both headline and core CPI advanced just 0.1% month-over-month in May, extending the disinflationary trend for a third consecutive month.
Donald Trump signs partial trade deal with UK at G7 summit

1 week ago | financial-world.org | Sead Dedovic

US President Donald Trump has signed an agreement that formally reduces certain tariffs on imports from Great Britain, as the two countries continue negotiations on a broader trade agreement. This decision was announced during the G7 summit in Canada, where Trump and British Prime Minister Keir Starmer emphasized the importance of economic partnership. The agreement includes the reduction of tariffs on British vehicles, as well as the abolition of tariffs in the aviation industry.
Iran’s gas exports remain strong, with China as top buyer

1 week ago | financial-world.org | Sead Dedovic

Gas was Iran's main export product again this spring, and the main buyers remain China and Iraq, according to data from the Iranian Customs Administration, Tehran Times reports. In the first two months of the Iranian calendar year, from March 21 to May 21, Iran exported goods worth $10.46 billion. The value of petrochemical products increased by three percent, to 2.22 billion dollars. Iran uses a solar calendar and ties the new year to the vernal equinox.