Tag: tariffs
Jobless Claims Fall as Labor Market Remains Tight
Claims Drop to Seven-Week Low Despite Economic Uncertainty New applications for U.S. unemployment benefits fell to a seven-week low last week, signaling continued labor market [more…]
Fed Rate Cuts Unlikely This Summer, Says Morgan Stanley
Powell’s cautious stance backed as tariff risks loom The Federal Reserve is unlikely to cut interest rates at its upcoming July and September meetings, according [more…]
Luxury Shoppers Lose Confidence in U.S. Economy
Saks survey shows spending intent at lowest since April 2023 Affluent U.S. consumers are growing more cautious about the economy, according to the latest Saks [more…]
US Stocks Slide as Israel-Iran Conflict Escalates
US stock markets tumbled on Friday as renewed military conflict between Israel and Iran rattled investors and fueled a global flight to safety. Rising geopolitical [more…]
Fed Poised to Hold Rates, Clashing With Trump’s Demands
The Federal Reserve is expected to keep interest rates steady at its upcoming policy meeting, despite mounting pressure from President Donald Trump for aggressive cuts. [more…]
US Manufacturing Sector Contracts Amid Tariff Impact
The US manufacturing sector continued to experience contraction in May, as economic activity remained sluggish, according to the latest report from the Institute for Supply [more…]
EU, U.S. Discuss Key Cooperation to Lower Tariffs
The European Commission is actively exploring ways to cooperate with the United States in key industries, including aerospace, steel, semiconductors, and critical minerals, as part [more…]
U.S. Consumer Confidence Surges Amid Trade Deal Hopes
U.S. consumer optimism saw a significant boost in May, driven by hopes for a resolution in the trade conflict between the U.S. and China. According [more…]
Trump Delays 50% Tariffs on EU Goods, European Assets Rally
U.S. President Donald Trump reversed his decision to impose 50% tariffs on European Union imports, extending the deadline to July 9 to allow for further [more…]
China Cuts Lending Rates Amid Economic Slowdown
China’s central bank, the People’s Bank of China (PBOC), cut its key lending rates by 10 basis points on Tuesday as part of efforts to [more…]
