Tag: US

A brief roller coaster ride for mortgage rates caused yet another swing in demand. After dropping to a three-year low two weeks ago, rates then shot right back up again.

The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long, grueling standoff that could lead to the loss of thousands of federal jobs.

The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed on details told Reuters on Wednesday.

U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.

Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead.

U.S. President Donald Trump on Thursday unveiled sweeping new import tariffs, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week.

The Organisation for Economic Co-operation and Development upgraded its global economic growth forecast on Tuesday, with many economies appearing more resilient than expected so far this year.

U.S. Treasury Secretary Scott Bessent’s pledge of “large and forceful” actions, to stabilize Argentina’s wobbling currency by using a 91-year-old U.S. crisis fund could help the peso find its footing, at least for a while.

Wolfe Research said the latest call between U.S. President Donald Trump and Chinese President Xi Jinping underscored a thaw in relations but cautioned that tariff relief is unlikely in the near term.

Their families were frantically sending “all kinds of articles on the H-1B situation”, said Singh, an Indian biotech professional on work travel to the U.S., adding that the “anxiety was apparent.”

Η Ουάσιγκτον επιδιώκει να αποδυναμώσει το δίκτυο λιμένων που ελέγχει το Πεκίνο και να φέρει στρατηγικές υποδομές υπό δυτικό έλεγχο – Κομβικό σημείο στο αμερικανικό σχέδιο φαίνεται να αποτελεί ο Πειραιάς

Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs.

Companies should no longer be required to report financial results on a quarterly basis and should instead report every six months, President Donald Trump argued in a social media post Monday.

A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank’s policy committee votes on whether to lower interest rates.

The U.S. and U.K are expected to sign a flurry of major new deals during U.S. President Donald Trump’s state visit to Britain this week, seeking to kickstart a “golden age” of nuclear power.

U.S. Democrats have asked the Trump administration to press China to curb “structural overproduction”, essentially overhauling Beijing’s economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain.

Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week.

Switzerland is proposing that its gold industry builds a refinery in the United States or increases its processing capacity there as part of a plan to reduce U.S. trade tariffs, according to two people familiar with the matter.

Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to a Bureau of Labor Statistics report Wednesday.

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.