President Trump's second term policies, including tariffs and spending cuts, are impacting the US economy. ADP reported a surprising 33,000 job loss in June, the first negative month in over two years, defying economists' expectations. While this doesn't always align with official government data, it suggests weakening hiring....
The ADP National Employment Report revealed a loss of 33,000 private sector jobs in June 2025, despite a 4.4% year-over-year pay increase. Job losses were prominent in professional and business services, and education and health services, while leisure and hospitality saw gains. Dr. Nela Richardson, ADP's chief economist,...
The US dollar experienced its worst first-half decline in over 50 years, dropping 10.7% against major currencies. This follows President Trump's imposition of harsh tariffs, sparking fears among global investors. While some speculate this devaluation aligns with Trump's aim to boost domestic manufacturing, the White House denies this. ...
US auto sales plummeted in June to an annual rate of 15 million, down from 17.6 million in April, marking the slowest pace in a year. This slowdown follows President Trump's tariffs on imported vehicles, which have increased prices and caused consumer hesitation. Analysts predict further declines due...
Despite weakening consumer spending and a worsening job market, the U.S. stock market is celebrating record highs. Investors believe a deteriorating economy will pressure the Federal Reserve to cut interest rates sooner, boosting stock prices. This week's jobs report is crucial; predictions point to slower job growth and...
Disability benefit claims in England and Wales have surged from three million in 2019 to four million in 2025, largely driven by mental health conditions. The government's scaled-back reform plan, facing Labour pressure, will only affect new claimants. While remote assessments during the pandemic may have played a...
The Senate is considering ending electric vehicle (EV) tax credits sooner than anticipated, potentially by September 30th. This contrasts with the House bill's later deadlines. While the bill isn't finalized, the move has drawn criticism from EV advocates who see it as hindering US competitiveness. Conversely, groups...
US wedding dress prices are rising due to tariffs on Chinese-made gowns, which account for 90% of the market. A temporary tariff reduction to 30% until July 9th offers little relief, with boutiques adding 10-15% surcharges. This uncertainty is impacting bridal shopping, with brides delaying purchases and exploring...
President Trump's consideration of naming a "shadow chair" for the Federal Reserve before Jerome Powell's term ends is causing concern. Experts warn this could create market chaos by introducing conflicting messaging and undermining the Fed's independence. A shadow chair could potentially jawbone markets but risks exacerbating confusion and...
The revised "One Big Beautiful Bill Act" significantly reduces the remittance transfer tax for Non-Resident Indians (NRIs) from 3.5% to 1%, impacting only transfers made after December 31, 2025. The tax excludes transfers from US bank accounts and cards, lessening the impact on daily remittances. The bill targets...
