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...
Economics
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...
U.S. Doubles Metal Tariffs as Deal Deadline Nears
The U.S. has raised steel and aluminum import tariffs to 50% because President Donald Trump wants trading partners to present...
German Carmakers Fear Disruption from China’s Rare Earths Export Curbs
The powerful auto lobby in Germany predicts that China's new export restrictions on rare earths will stop production at major...
Home Prices to Keep Rising as Tariffs Cloud Outlook
The U.S. housing market will experience a 3.5% price increase during this year despite ongoing tariff challenges and persistent high...
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