Tag: USA

US Durable Goods Orders contracted 1.4% in December

Durable Goods in the US dropped to $319.6 billion, or 1.4%, in December, the US Census Bureau reported on Wednesday. This print followed the 5.4% increase recorded in the previous month and surpassed market expectations for a 2.0% contraction.

‘Difficult’ Ukraine peace talks end after Zelenskiy says Russia stalling

Peace talks between Ukraine and Russia in Geneva ended on Wednesday after only two hours, with President Volodymyr Zelenskiy describing them as “difficult” and accusing Russia of deliberately delaying progress toward a deal to end the four-year-old war.

Mortgage rates sink to the lowest level in a month, sparking more refinance demand

Mortgage interest rates dropped last week to the lowest level in a month, prompting more current borrowers to seek savings in a refinance.

Iran partially shuts Strait of Hormuz as US, Iran hold nuclear talks

Iran’s supreme leader warned on Tuesday that U.S. attempts to depose his government would fail, as Washington and Tehran began indirect talks in Geneva on their long-running nuclear dispute amid a U.S. military buildup in the Middle East.

Consumer prices rose 2.4% annually in January, less than expected

The cost of goods and services rose at a slower annual rate than expected in January, providing hope that the nagging U.S. inflation problem could be starting to ease.

Trump plans to roll back tariffs on metal and aluminium goods

Donald Trump is planning to scale back some tariffs on steel and aluminium goods as he battles an affordability crisis that has sapped his approval ratings ahead of November’s midterm elections.

Zelenskyy planning elections in Ukraine and vote on peace deal

Ukraine has begun planning presidential elections alongside a referendum on any peace deal with Russia, after the Trump administration pressed Kyiv to hold both votes by May 15 or risk losing proposed US security guarantees.

U.S. payrolls rose by 130,000 in January, more than expected; unemployment rate at 4.3%

Job growth was stronger than expected to start 2026, providing some relief to concerns about the state of the U.S. labor market.

Tariff bill in U.S. states hits $200 billion as affordability and Trump head into midterms showdown

New analysis of U.S. Census data shows that states across the U.S. where key midterm elections will take place this year paid over $134 billion in tariffs in the period since President Donald Trump began implementing widespread trade duties in March 2025 through last November.

Disappointing holiday season: December retail sales were flat, falling well short of estimate

Consumer activity slowed sharply for the December holiday shopping season amid a spate of rough weather, tariff impact and persistently higher inflation, the Commerce Department reported Tuesday.

Taiwan says 40% shift of chip capacity to US is ’impossible’

It would be “impossible” to move 40% of Taiwan’s semiconductor capacity to the U.S., the island’s top tariff negotiator said, pushing back against recent comments by American officials who called for a major production shift.

China Urges Banks to Curb US Treasuries Exposure on Market Risk

Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility, according to people familiar with the matter.

US Jobless Claims Increased by More Than Forecast Last Week

Applications for US unemployment benefits rose by more than forecast last week, when severe winter weather curtailed business activity.

ADP Nonfarm Employment Change underwhelms, falling short of expectations

The latest data from the ADP National Employment Report, a key indicator of the monthly change in non-farm, private employment, has been released, revealing an underwhelming figure. The actual number of jobs added stood at 22K, falling significantly short of the forecasted 46K.

Trump’s tariff cut sparks relief in India despite scant details

U.S. President Donald Trump’s move to slash tariffs on Indian imports sparked a relief rally across the Asian country’s markets on Tuesday, lifting sentiment among exporters and policymakers even as details of the agreement remained scant.

Trump launches $12 billion minerals stockpile to counter China, Bloomberg News reports

U.S. President Donald Trump is set to launch a strategic critical minerals stockpile with $12 billion in seed money, Bloomberg News reported on Monday, citing people familiar with the matter.

Trump nominates Federal Reserve critic Kevin Warsh as its next chair

Donald Trump has announced Kevin Warsh as his nomination for the next chair of the Federal Reserve, selecting a candidate who has been an outspoken critic of the US central bank.

Trump throws down new tariff threats toward Canada and Mexico

President Donald Trump threatened additional tariffs against Canada and Mexico late Thursday, in his latest move to raise trade tensions with U.S. allies.

Fed holds key interest rate steady as economic view improves

The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.

Dollar tumbles to a four-year low as Trump claims it’s ‘doing great’

The U.S. dollar fell to its lowest level in four years on Tuesday, despite President Donald Trump claiming it was “doing great” in a speech in Iowa.