Data show Trump trade war failed to cut US China trade gap
WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic...
Tag : US economy
Jobless claims surge, signaling U.S. economic slowdown
U.S. jobless claims rose to 241,000, marking a 9-week high and signaling growing pressure on the labor market....
S&P 500 loses over 3 trillion dollars under Trump administration
Over $3.6 trillion in market value has been erased since Trump returned to office, as confidence in U.S....
Trump says Powell’s termination can’t come fast enough
President Trump’s push to oust Fed Chair Powell drew warnings from CEOs and spurred a brief market rally...
Apple to spend $500B in US over four years, boosting AI and jobs
Apple is investing $500B in the US over four years, expanding AI, silicon engineering, and manufacturing, including a...
Avian flu drives egg prices up 53%, fueling inflation fears
Egg prices have surged 53% in a year, fueling inflation fears and complicating the Fed’s strategy as consumers...
Bitcoin drops 7.3% since Trump’s inauguration amid weak sentiment
Bitcoin slipped 0.8% to $96,197 on Monday, extending its 7.3% decline since Trump’s inauguration as investors watch for...
US job growth surges in September as economy adds 254,000 jobs
The US economy added 254,000 jobs in September, beating projections of 140,000. The unemployment rate dipped to 4.1%,...
Fed cuts rates by half point amid slowing job gains
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic,...
Gold continues upward climb, scaling one-year high racing past $2,000 an ounce
Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened....