World Shares Experience Mixed Results as Legal Uncertainty Mounts Over Trump Tariffs
Global stock markets are experiencing a period of volatility as investors react to a recent federal appeals court ruling that found some of the Trump administration’s tariffs were issued illegally.
Gold Prices Climb Amid Federal Reserve Uncertainty and Geopolitical Tensions
Gold futures have risen as investors seek safe-haven assets amid political uncertainty and growing expectations for a U.S. Federal Reserve interest rate cut. Recent comments from Federal Reserve Chair Jerome Powell have signaled a potential shift in monetary policy, further bolstering the non-yielding metal’s appeal.
U.S. Ends Tariff Exemption for Low-Value Imports, Raising Costs for Online Shoppers
The United States has ended its long-standing tariff exemption on low-value imports, a policy shift that could raise costs for millions of online shoppers and small businesses that rely on foreign suppliers.
Going’s 2025 Awards Name Southwest as Top Airline for Flight Deals
A new report from “Going” names Southwest Airlines as the best U.S. carrier for finding affordable flight deals. The ranking, which evaluates airlines based on their frequency of discounted fares, places Southwest ahead of other popular airlines, including American and United.
Trump Removes Federal Reserve Governor Lisa Cook Amid Policy Disputes
President Donald Trump on Tuesday dismissed Federal Reserve Governor Lisa Cook, an unprecedented move that immediately raised alarms about the independence of the U.S. central bank.
Powell Signals Potential Interest Rate Cut at Jackson Hole Amid Economic Concerns
Federal Reserve Chair Jerome Powell indicated a possible interest rate cut as soon as September, citing a “shaky” job market and rising downside risks to employment. Speaking at the Jackson Hole symposium, Powell addressed the dual dilemma of weakening labor data and inflationary pressures from tariffs, signaling a shift in
Supreme Court Grants Stay, Allows Trump Administration to Block NIH Grants
The U.S. Supreme Court has granted a temporary stay, allowing the Trump administration to proceed with blocking approximately $783 million in grants from the National Institutes of Health (NIH). The 5-4 decision overturns a lower court’s injunction that had prevented the cuts, which are part of a broader federal push
U.S. Job Growth Slows in July as Unemployment Rate Rises
The U.S. economy added fewer jobs than expected in July, while the unemployment rate ticked higher, signaling that the nation’s labor market may be cooling after more than a year of robust hiring.
U.S. Jobless Claims Dip Again, Reflecting Resilient Labor Market
Weekly applications for unemployment benefits dropped to 224,000 for the week ending August 9, continuing a trend of historically low jobless claims and underscoring the U.S. labor market\’s strength.
U.S. Producer Price Index Jumps Sharply, Raising Inflation Alarm
Wholesale prices in the U.S. surged in July by 0.9%, marking the sharpest monthly rise in over three years, according to the Labor Department’s Producer Price Index (PPI). Economists warn that this spike may soon translate into higher consumer costs.
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