Tag
Economy
50 articles
McCormick Touts Economy as Diesel Hits $6, Farmers Face Doubled Fuel Costs
Senator McCormick cited lower inflation and manufacturing gains, but truckers and farmers say record diesel prices are squeezing them during harvest season.
M&A Value Falls 10% in Q3 as Rate Expectations Fail to Materialize
A 10 percent year-on-year decline in announced deal value signals structural headwinds that persist despite dealmakers' optimism for a record year.
Trump's Economic Approval Hits New Lows as Midterms Near
President Trump's approval rating fell to 32 percent, three points below Biden's worst mark, as concerns over inflation and Iran conflict weigh on voters.
Jim Cramer Says 'Frozen' Markets Are Killing Stocks, But a Thaw Could Drive Bulls
The CNBC host warns that high interest rates, geopolitical uncertainty and political opposition are freezing key economic sectors, but says a swift thaw could trigger a strong rally.
California's October Heat Wave Breaks Records as Fire Risk Escalates
Temperatures across California are reaching 100F-plus, with triple-digit day records shattered in inland cities and fire conditions deteriorating through the weekend.
Inflation Eases in August, Pushing Fed Rate Hike Odds to December
Consumer prices rose less than expected, with the core PCE index reaching 3.0 percent annually, shifting market bets away from an October rate increase.
Israel's Economy Shows Resilience During War, Faces Structural Strain
Tel Aviv University economists said Israel's economy performed better than expected through nearly three years of war, but warned of rising debt and cost-of-living pressures.
Britain Forecasts Highest Tax Burden Since 1940s With Modest Growth
The Office for Budget Responsibility projects the tax-to-GDP ratio reaching 38 percent by 2030-31, alongside high debt and modest economic growth.
Brazil's Oil Reserves Rise, but Development Challenges Persist
Proven oil reserves increased six percent in 2024 as Brazil expands ultra-deep offshore production, yet the nation struggles to convert vast natural wealth into broad economic progress
Brazil Heads Into 2026 Elections During Economic Strain and Political Turmoil
General elections scheduled for October 4, 2026, come as the country grapples with deindustrialization, commodity dependence, and deep political divisions.
India's Forex Reserves Fall $4.924B After Record $44.9B Surge
Weekly decline to $780.782 billion reverses prior-week surge; foreign currency and gold assets both contracted
AI Capital Inflows Detached From Profits — Circular Financing Echoes Telecom Bubble
Nvidia's $500 billion financing deal masks a structural mismatch: capital deployment vastly outpaces profit generation, reviving late-1990s boom-and-bust mechanics.
Taiwan's Economy Grows 12.92 Percent on AI Chip Demand
Taiwan posted 12.92 percent real GDP growth in Q2 2026, driven by semiconductor sales, but debate intensifies over wealth distribution in chip-dependent economies
EU Proposes Limit on Chinese Hybrid Car Exports to Ease Trade Deficit
Brussels seeks to cap Chinese hybrid vehicle sales at 15 percent of the EU market as officials warn of unsustainable trade imbalance.
India's 7.8% GDP Growth Faces Scrutiny Over Real Impact
Economists question whether India's reported first-quarter growth translates to tangible improvements in jobs, wages and living standards.
Osborne Calls for UK to Rejoin EU Customs Union Over Brexit Economic Toll
Former Chancellor George Osborne said Britain's economy has 'fallen off a cliff' since Brexit and urged rejoining the EU customs union as a short-term remedy.
Higher Rates Become Structural; Fed-Trump Policy Collision Approaches
Treasury yields hit 25-year highs as persistent inflation and AI capex drive borrowing costs up, creating a policy conflict between the Federal Reserve and the Trump administration.
Milei's Austerity Plan Strains Argentine Economy as Inflation Grows
President Javier Milei holds firm on fiscal cuts despite inflation rebounding and real wages falling, testing public patience with his economic overhaul
Bank of America: 60% of U.S. Jobs Did Not Exist in 1940—AI Won't Break That Pattern
A Bank of America analysis of 85 years of labor market data argues that technological disruption historically creates more jobs than it destroys, with only 2.3% of global roles facing genuine automation risk.
Japan's Real Wages Rise 2.4 Percent in July, Backing BOJ Rate Hike
Real wages in Japan climbed 2.4 percent in July, the largest gain since May 2021, strengthening the case for a Bank of Japan rate increase in September.
Trump's Beef Tariff Pause Starts Republican Backlash
President Trump suspended tariffs on imported ground beef for 90 days to lower grocery costs, but ranchers and GOP politicians say the move will devastate domestic producers.
Strong August Jobs Report Pushes September Hike Odds to 60%
U.S. employers added 162,000 jobs in August, far exceeding forecasts and lifting market-implied odds of a 25 basis point Fed increase at the Sept. 16-17 meeting to 60 percent
AI Buildout Hits Permission Bottleneck as Regulators Tighten Control
Global regulatory scrutiny and infrastructure constraints are slowing AI expansion, creating dual pressure points that challenge the sector's near-term growth narrative.
Kashmir's Carpet Weavers Struggle as Young Workers Leave
The centuries-old handwoven craft, once Kashmir's leading export, faces steep decline as low wages and long hours push younger generations toward other work
Canada's Budget Deficit Shrinks to C$370 Million in Early Fiscal Year
Canada posted a C$370 million budget deficit for April through June, down sharply from C$6.28 billion a year earlier, as revenues climbed.
Trump Eases Beef Tariffs for 90 Days as Farm State Republicans Push Back
President Trump announced a temporary deal allowing 300,000 metric tons of imported ground beef at a 25 percent discount, drawing opposition from Republican senators in cattle country.
Canada's Retaliatory Tariffs Target U.S. Steel, Dairy, Electronics
Prime Minister Mark Carney announced Sept. 8 tariffs matching Trump's 50 percent levies on Canadian goods after trade negotiations collapsed.
China Targets Online Pessimism as Economic Discontent Grows
China's internet regulator launched a two-month campaign in late September to suppress social media content deemed excessively pessimistic about the economy and personal prospects.
UK Jobs Market Stalls as Hiring Freeze Stretches to 39 Quarters
Job vacancies fell to 717,000 by mid-2025 as employer costs rose sharply, with only 11 percent of British businesses planning to hire, down from 28 percent last year.
Jordan Calls Economy 'Pretty Good Direction' While Conceding Costs Are 'Tough'
The Ohio Republican defended the Republican economic record on air but acknowledged middle-class and working-class families are still feeling price pressure.
Iran's Economy Strains Under War and Blockade as Inflation Hits 88 Percent
Year-on-year inflation reached 88 percent by late July as a naval blockade and five months of war push ordinary Iranians to the financial edge.
GOP Targets Progressives as Voter Anger Over the Economy Grows
Republicans are leaning on socialism attacks against progressive Democrats, but a GOP strategist says the party is 'gaslighting' Americans about its own economic record.
Zhu Rongji, Architect of China's Economic Rise, Dies at 97
The former premier oversaw sweeping reforms that integrated China into the global economy, but his policies also created lasting challenges.
India's July Trade Deficit Widens to $31.98 Billion on Import Surge
Inbound shipments climbed $5.38 billion from June, outpacing export growth and pushing the goods trade gap past the $30.20 billion economist consensus.
Washington Rules Drive Up Home Costs, Leaving 77% of Families Priced Out
Regulations add nearly $94,000 to the cost of a new home, squeezing families on housing, energy, childcare and healthcare.
Motor Vehicle Insurance Falls 0.3% in July, Pulling Headline CPI to 0.1% Monthly Gain
Two consecutive monthly declines in auto insurance costs provided a rare deflationary impulse in services, even as annual CPI held at 3.4 percent.
China Closes Gap on U.S. AI as Beijing Pushes Broad Adoption
Chinese labs release models approaching American AI performance while Beijing prepares for economic and social shifts from the technology.
Egypt's Inflation Rises for First Time Since March as Rent and Fuel Costs Climb
The acceleration, driven by rent and fuel price hikes, raises the likelihood that authorities will hold interest rates steady at their next meeting.
South Korea's Chip Boom Creates 'Silicon Collar' Class, Fuels Wealth Debate
Record profits at Samsung and SK Hynix are lifting a new tier of highly paid workers and forcing the government to weigh how to distribute a windfall tax surplus.
Oil Rally Pushes Major U.S. Indexes Lower as Inflation Fears Grow
The Dow fell 0.8 percent and the S&P 500 slipped 0.1 percent as rising crude prices stoked inflation concerns ahead of Friday's jobs report.
Infrastructure Law's Hidden Costs Hit Consumers Through Fees, Lawsuits and Regulation
Critics say indirect charges embedded in federal infrastructure spending are raising prices on goods, energy and shipped goods without appearing as direct taxes.
Workers' Share of U.S. Income Hits 80-Year Low as Corporate Profits Climb
American workers received 54.1 percent of national income in early 2026, the lowest share recorded since 1947, as corporations and capital owners captured more of the nation's output
Trump Claims Manufacturing Is Growing at 'Fastest Pace in Many Years'
President Trump, speaking in Las Vegas, said U.S. factory growth is surging — but economists say automation deserves credit alongside policy.
Private Job Growth Hits Six-Month Low as Hiring Deceleration Deepens
U.S. businesses added just 44,000 private-sector jobs in July, the smallest monthly gain in six months, as hiring underperforms forecasts across firm sizes and sectors.
China Industrial Profits Rise 6.8 Percent as Export Strength Masks Weak Domestic Demand
Year-to-date profit growth slowed from 8.5 percent in May as property sector stress and soft consumer spending compressed margins despite a 7.5 percent surge in June exports.
Jeffries Bets Democratic Midterm Hopes on Affordability Push
House Democratic Leader Hakeem Jeffries launched a 100-day campaign, arguing his party can lower grocery, gas and housing costs if it wins control of Congress.
Republicans Head Home to Face Voters Angry About Gas Prices and the War
House Republicans begin a five-week recess confronting constituents demanding answers on high gas prices and the cost of an ongoing war ahead of the November 2026 midterms.
Trump Touts Economic Wins as Dow Rises, Nasdaq Falls
President Trump claimed credit for a strengthening economy as the Dow gained 0.5 percent Wednesday, while the Nasdaq dropped 0.6 percent, reflecting caution in tech and growth stocks.
Trump Tariffs Draw Allied Rebuke as EU, Canada Threaten Retaliation
European and Canadian officials called new U.S. import duties unjustified and pledged counter-measures targeting American agricultural and manufacturing exports.
Republicans Bet Midterms on Anti-China Push — and Corporate America Is Caught in the Middle
GOP lawmakers are pressing legislation to cut U.S. economic ties to China, forcing multinationals from Apple to Tesla to weigh political risk against established supply chains.