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Trump's tariffs initially caused US stock market drops and import surges, followed by a rebound in stocks and a slowdown in imports. While inflation remains low, economists warn that higher prices are likely to hit consu…
Conflicting job reports emerged this week. The official Bureau of Labor Statistics (BLS) report showed a 147,000 job increase in June, with unemployment falling to 4.1%. However, the ADP private sector report indicated a…
China, once a major lender under its Belt and Road Initiative, is now the world's largest debt collector for developing nations. A Lowy Institute report reveals that over a quarter of developing countries' external debt …
Sluggish home sales and construction mark the slowest April for existing home sales in 16 years. High home prices (up nearly 50% since the pandemic) and mortgage interest rates (6.86%) are deterring buyers. Builder confi…
US consumer confidence rose significantly in May to 98 from April's low of 85.7, its lowest since May 2020. This rebound, driven by a decrease in anxiety over President Trump's tariffs following rollbacks and trade deals…
Consumer confidence surged in May, reaching 98.0 on the Conference Board's index, a 12.3-point jump from April. This significant increase surpasses expectations and is largely attributed to easing US-China trade tensions…
Japan lost its top global creditor status for the first time in 34 years, overtaken by Germany. While Japan's gross external assets reached a record high of 533.05 trillion yen ($3.7 trillion) due to a weaker yen, it fel…
A tough job market in 2025 is forcing many Americans to compromise their career aspirations for financial stability. Layoffs and a shrinking number of job postings are leading individuals to accept jobs outside their des…
The US Mint's 2024 report reveals the cost of producing US coins significantly exceeds their face value. Pennies cost nearly 4 cents to make, nickels 14 cents, dimes 6 cents, quarters 15 cents, and half-dollars 34 cents.…
Donald Trump's threat of a 50% tariff on all EU goods has reignited global trade war tensions. This escalation, exceeding initial worst-case scenarios, follows a period of relative calm after the US-China trade conflict …
The House passed President Trump's tax bill, which includes tax cuts and increased defense spending. While boosting short-term economic growth, it's expected to increase the national deficit. Treasury yields remain eleva…
Japan is facing a rice shortage, causing prices to double. The shortage, partly due to last summer's panic buying and a poor harvest, has led to empty supermarket shelves and consumer frustration. Agriculture Minister Ta…
Treasury Secretary Scott Bessent dismissed Moody's credit rating downgrade of the US as a lagging indicator, attributing it to long-term debt increases and not solely to current administration policies. He cited conversa…
US consumer sentiment dropped to a near-record low in May, falling 2.7% to 50.8, the second-lowest level in 75 years. This decline, surprising economists, is attributed to growing concerns about inflation fueled by Presi…
The U.S. Department of Education's resumption of student loan collections is projected to significantly impact consumer spending, potentially reducing disposable personal income by $3.1 billion to $8.5 billion monthly, a…
Japan's economy unexpectedly contracted by 0.2% in Q1 2025, marking its first quarterly drop since Q1 2024 and exceeding the projected 0.7% year-on-year decline. Falling exports, exacerbated by US President Trump's tarif…
Federal Reserve Chair Jerome Powell announced that long-term interest rates will likely remain higher due to economic shifts and policy adjustments. Powell cited the recent period of high inflation and aggressive interes…
US wholesale prices plummeted 0.5% in April, marking the largest monthly drop since the COVID-19 pandemic. This decline, exceeding economist predictions, is largely attributed to a 1.7% plunge in trade services, reflecti…
New York state has enacted a budget including inflation rebate checks to aid working families and individuals. Senate Majority Leader Andrea Stewart-Cousins, Assembly Speaker Carl Heastie, and various borough presidents …
US egg prices dropped 12.7% in April, the first monthly decrease since October 2024, reaching an average of $5.12 per dozen. While still near record highs due to ongoing bird flu outbreaks, the decline is attributed to r…
US inflation eased slightly in April, reaching its slowest annual pace since early 2021 at 2.3 percent. However, economists predict a resurgence in prices due to President Trump's trade tariffs. While the April figures a…
April's inflation rate came in slightly lower than anticipated at 0.2%, resulting in a 12-month rate of 2.3%, the lowest since February 2021. This is despite the recent implementation of President Trump's tariffs. While …