Just after midnight on Tuesday, Canada imposed retaliatory tariffs on US imports, intensifying a protracted trade dispute between the two nations that may harm Republican candidates in the approaching midterm elections. The new levies encompass $20 billion in American goods Read More …
President Donald Trump issued a warning on Friday regarding the potential cessation of trade with numerous countries unless the Federal Reserve takes action to reduce interest rates. “LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE Read More …
President Donald Trump withdrew his threat to put high tariffs on Canadian goods late on Tuesday, less than two hours before yet another midnight tariff deadline. The two nations struck a deal, Trump announced, with few details. “We’re going to Read More …
The United States is increasingly entrenching itself in a profound debt predicament. The federal debt reached an unprecedented $40 trillion on Tuesday, as reported by the Treasury Department. It represents a significant turning point that will impact Americans, businesses, and Read More …
The major U.S. index futures are currently indicating a relatively unchanged opening on Friday, suggesting that stocks may exhibit a lack of clear direction in early trading after the upward movement observed in the preceding two sessions. Traders might pause Read More …
Americans reduced their retail expenditures in July, reflecting a decline in their confidence regarding the economy. That represents a potentially concerning mix for an economy reliant on consumer spending. Retail sales decreased by 0.6% in July compared to the previous Read More …
A summer hiring slump affected the US labour market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labour Statistics. The unemployment rate decreased to 4.1% from 4.2%, attributed to Read More …
Apple received an estimated $2.2 billion in tariff refunds during the last quarter. Amazon received $600 million. Nike received $300 million. However, American consumers who faced increased prices due to President Donald Trump’s tariffs are receiving little to no compensation Read More …
Federal Reserve Chairman Kevin Warsh has expressed strong views regarding AI and its prospective economic advantages. His perspective on the trajectory of interest rates, however, is more elusive to ascertain. In the nine weeks since assuming leadership at the central Read More …
The US labour market, previously entrenched in a state characterised by minimal hiring and firing, appears to be exhibiting signs of potential improvement. The latest official labour turnover data indicated that employers increased their hiring efforts in June – a Read More …
