Economy News

Global Finance & Economic Policies

Track global economic trends, policy decisions, financial markets, and international trade developments that shape the world economy.

PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry

President Donald Trump has now raised steel tariffs to 50% from 25%. This increase is absolutely essential to protecting the U.S. steel industry and America’s national security.This decision comes not...

Jun 9 6 views

Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries

President Donald Trump agreed to quickly work toward a deal on tariffs during his first phone call with South Korean President Lee Jae-myung since he was elected on Tuesday, Lee's office said on Frida...

Jun 7 7 views

Trump urges Fed's Powell to cut interest rates by full percentage point: 'Rocket Fuel!'

President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to lower interest rates by a full percentage point."'Too Late' at the Fed is a disaster!" Trump wrote in a post on Tru...

Jun 6 6 views

Job growth continued to slow in May amid economic uncertainty

The U.S. economy added jobs in May at a slower pace than in the past two months as uncertainty over the direction of trade, tax and monetary policy caused employers to pull back on hiring.The Labor De...

Jun 6 4 views

German chancellor hopes US will bring down tariffs, says ‘best thing for mutual wealth’ is open markets

German Chancellor Friedrich Merz said President Donald Trump's tariffs are threatening his economy, adding that he believes free trade and open markets are "the best thing for mutual wealth" during a ...

Jun 6 2 views

US layoffs spike nearly 50% as DOGE-driven cuts take center stage

Layoffs of U.S. workers were nearly 50% higher in May than they were a year ago, with reductions attributed to the Department of Government Efficiency (DOGE) remaining the leading reason for job cuts ...

Jun 5 3 views

Mortgage rates drop for first time in weeks, still hover near 7%

Mortgage rates declined for the first time in weeks, though they are still hovering near 7%, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thur...

Jun 5 2 views

ECB cuts rates as bets build on a summer pause

The European Central Bank cut interest rates as expected on Thursday and kept all options on the table for its next meetings even as the case grows for a summer pause in its year-long easing cycle.The...

Jun 5 2 views

Over 300 economists urge Trump, GOP leaders to extend tax cuts before massive tax hike hits Americans

A group of more than 300 economists on Thursday sent a letter to President Donald Trump and Republican leaders in Congress urging the quick passage of the GOP tax package to prevent the expiration of ...

Jun 5 2 views

Amazon to invest $10B in North Carolina for AI data centers

Amazon is investing $10 billion to create data centers in North Carolina aimed at expanding its artificial intelligence and cloud computing technology capabilities. The move, announced Wednesday, is i...

Jun 4 7 views

Trump spending bill to cut taxes by $3.7T, add $2.4T to deficit, CBO says

President Donald Trump's "Big, Beautiful Bill" would cut taxes by $3.7 trillion while adding $2.4 trillion to the national debt, the Congressional Budget Office (CBO) says.The CBO released its report ...

Jun 4 1 views

Trump calls on 'Too Late' Powell to lower interest rates after dismal ADP jobs report

President Donald Trump on Wednesday called on Federal Reserve Chairman Jerome Powell to lower interest rates after ADP reported weak jobs data."ADP NUMBER OUT!!! "Too Late" Powell must now LOWER THE R...

Jun 4 2 views