Mexico is a country that offers a unique blend of vibrant culture, stunning landscapes, and ancient ruins. With its proximity to the US and various visa options available, it’s becoming increasingly popular among digital nomads and tourists alike. According to U.S. News, Mexico ranked 34th in its overall ranking of best countries in 2024, with […]
Tequila Industry Braces for Impact as Sales Slow Down
The tequila industry, which has experienced rapid growth in recent years, is now facing a slowdown in sales and a challenging market environment. Kendall Jenner’s 818 Tequila brand, one of the most high-profile brands in the industry, has slowed down hiring and dialed back spending on some of its marketing efforts. This move is seen […]
US Congressional Committee Rejects Trump-Backed Tax Reform Package
A key legislative hurdle has been cleared for President Donald Trump’s administration in its bid to implement a sweeping tax reform package, but the road ahead is uncertain after a crucial vote on Friday. The House Budget Committee rejected the proposal, which includes a contentious 5% tax on remittances sent back to Mexico and other […]
Mexican cattle exports fall 52.3%; losses reach $11.4 million per day
Cattle exports from Mexico have taken a significant hit, plummeting by 52.3% in the first quarter of this year, according to figures from the Bank of Mexico (Banxico). The value of cattle sales abroad has dropped to $162.8 million, compared to $341 million during the same period in 2024. The current US border closure, imposed […]
Yucatán Remains a Top Remittance Hub: State Receives Nearly $108 Million from US in First Quarter of 2025
Despite uncertainty surrounding US immigration policies, Yucatán has maintained a positive trend in remittance receipts during the first quarter of this year, with nearly $108 million sent from the United States. According to data released by the Bank of Mexico, the state recorded a 3.1 percent increase in remittance receipts compared to the same period […]
Walmart Mexico and Central America Sees First-Quarter Profit Decline
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 […]