Tag: USA

European Union leaders are to tell the European Commission on Thursday whether they want to reach a quick trade agreement with the United States on terms that favour Washington or keep fighting for a better deal.

The U.S. Department of Energy has exercised an option to extend Centrus Energy Corp’s (NYSE American: LEU) contract for producing High-Assay, Low-Enriched Uranium (HALEU) through June 30, 2026, the company announced today.

The Federal Reserve on Wednesday stuck to its forecast of two interest-rate cuts in 2025 despite seeing a burst of inflation coming in the next few months as a result of higher tariffs.

Americans have yet to feel any sting of inflation from the Trump tariffs when they go shopping. Now a new look at wholesale prices suggests the coast might be clear for at least a little while longer.

The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday.

The numbers: Initial jobless claims held steady at 248,000 in the week ending June 7, the Labor Department said Thursday. That’s the highest level since last October.

U.S. President Donald Trump Wednesday said that China will supply rare earths upfront to the U.S. as part of a trade agreement.

U.S. consumer prices rose at a slower-than-anticipated annualized pace in May, even as concerns swirled around the potential impact of President Donald Trump’s aggressive tariff agenda on inflation.

Mortgage interest rates barely moved at all last week, but demand from homebuyers as well as those looking to refinance a current home loan increased.

Three of U.S. President Donald Trump’s top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world’s two largest economies that has kept global markets on edge.

The U.S. added more jobs than anticipated in May, although the prior month’s total was revised lower by 30,000, as investors attempt to gauge the impact of President Donald Trump’s aggressive tariff agenda on the broader economy.

The number of Americans filing for first-time unemployment benefits increased last week, suggesting the economic uncertainty over the Trump administration’s tariff-led trade policies were weighing on the U.S. labor market.

Private sector job creation slowed to a near-standstill in May, hitting its lowest level in more than two years as signs emerged of a weakening labor market, payrolls processing firm ADP reported Wednesday.

U.S. President Donald Trump said Wednesday that it was “extremely hard” to make a deal with his Chinese counterpart Xi Jinping, at a time when the White House has been suggesting the two leaders could talk this week amid rising trade tensions.

U.S. tariffs entered the spotlight once again in Europe on Wednesday as U.S. President Donald Trump’s 50% levy on steel and aluminum imports to the U.S. came into effect.

Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs on expectations.

China on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worse.

The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminium to 50%.

President Donald Trump on Friday said that China has “totally violated its” preliminary trade agreement with the United States, and suggested he would take action in response.

Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday.