World Bank Slashes Global Growth Outlook Amid Trade Fears
The World Bank decreased its worldwide growth projection during Tuesday because of President Trump's trade policies and additional geopolitical uncertainties....
Economics
US-China Trade Talks Continue in London on Second Day
The U.S. and China maintained their trade negotiations in London throughout Tuesday while officials attempted to expand the current tariff...
Rare-Earth Magnet Shortage Panics Auto Industry
The rare-earth magnet market has become chaotic because Chinese export restrictions have forced auto manufacturers to rush for these essential...
US Budget Bill Faces Pushback Over Tax on Foreign Investors
The proposed 20% surcharge on foreign investors’ U.S. income under Section 899 in the Republican tax bill faces opposition from...
US Wholesale Inventories Revised Up as Firms Stockpile
The United States recorded higher wholesale inventory growth in April because businesses stockpiled prescription drugs before new tariffs took effect....
Tariff Fears Drive Record Inflows to Money Market Funds
The U.S. money market funds received their biggest inflows since December 2019 during the last week because investors sought safe...
May Job Growth Slows Amid Tariff Uncertainty
The U.S. economy faces significant business challenges from tariff uncertainties which will lead to decreased job growth in May. The...
EU Considers Measures to Mitigate Steel Tariff Impacts
The European Union investigates different methods to reduce the negative effects of U.S. tariffs and Chinese steel overcapacity on its...
European Central Bank Cuts Interest Rates to 2%
The European Central Bank (ECB) decreased its benchmark interest rate by 25 basis points to 2% which represents its eighth...
China’s Rare Earth Export Curbs Rattle Global Industries
The worldwide concern about supply chain disruptions is rising because China’s export restrictions on critical minerals and rare earth magnets...
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