The Mexican operations of retail giant Walmart have reported a 6.6% drop in net profit for the first quarter of 2025, with earnings falling to 12.317 billion pesos compared to 13.183 billion pesos during the same period last year. According to Ignacio Caride, president of Walmart Mexico and Central America, the decline was due to […]
Mexico has one of the lowest shares of stock market investment globally.
In contrast, countries like the United States and Canada show participation rates of 55% and 49%, respectively. These differences are attributed to structural factors, such as the integration of investments into retirement savings plans, tax incentives, and a more developed financial culture. In Mexico, investment continues to be concentrated in traditional assets such as real […]
The dollar price in Mexico falls, reaching its lowest value since 2025.
The Mexican peso enjoyed a strong close to the day, maintaining its positive trend and ending the April 21 session trading higher against the dollar. The US dollar lost ground against the Mexican currency at the close of trading on Monday. The US dollar traded at an average of 19.72 Mexican pesos at market close, […]
Need dollars? We’ll tell you how the dollar is closing this Easter
This Thursday, April 17, the price of the dollar remains below $20.00 and is trading at $19.94 today, reflecting more moderate movements in exchange rates today. Below is the exchange rate for the major international currencies, according to information released by Banco Azteca. Price of the United States DollarBuy $19.10Sell $20.20 Canadian DollarBuy $12.95Sell $14.86 […]
The Waning Dollar: Trump’s Tariffs Threaten Global Currency Status
The world is witnessing a seismic shift in global economic dynamics, as the dollar’s role as the de facto reserve currency hangs precariously in the balance. The recent tariff announcements by President Donald Trump have sent shockwaves through global markets, leaving many to question whether the dollar can maintain its status as a safe haven […]
DUTY IMPACT: US Imposes 21% Tariff on Most Mexican Tomatoes Starting July 14
In a move aimed at protecting domestic tomato growers, the US Commerce Department announced on Monday that most tomatoes imported from Mexico will face a duty of 20.91% starting July 14. The decision marks a withdrawal from an agreement signed in 2019 between Mexican tomato producers and the Trump administration’s first government, which had averted […]
Dollar price today, Monday, April 7, 2025: Mexican peso falls amid fears of economic recession following US tariffs
The dollar fell 0.41 percent against the safe-haven Japanese currency to 146,255 yen today, April 7, after falling more than 1.4 percent in the previous session and extending its 2 percent drop against the Japanese currency since last week. The dollar also hit its lowest level in six months against the Swiss franc, falling 0.7 […]
The End of the Standalone Zelle App: What This Means for Digital Payment Users
In a move to streamline transactions and reduce scams, digital payment app Zelle has discontinued its standalone mobile application. The change took effect on April 1st, marking the end of an era for users who relied on the app to send money instantly. While Zelle itself is still active, the company has determined that less […]
Peso Predicament: Will Mexico’s Currency Continue its Downward Slide in 2025?
The Mexican peso has been on a precipitous decline over the past year, with analysts warning of further depreciation in value as the country navigates treacherous economic waters. In March, US President Donald Trump announced his intention to impose a 25% tariff on goods imported from Mexico and Canada under the International Emergency Economic Powers […]
Zelle Usage Under Scrutiny: Reasons Your Account Could Be Investigated or Terminated
Zelle revolutionized money transfers in the United States, offering instant transactions with just a phone number and a few seconds. However, recent developments have sparked concern among users after reports emerged that certain transactions could lead to investigations or even account termination. Zelle became the focus of attention after the Consumer Financial Protection Bureau (CFPB) […]