Economy News

Economy

Breaking: Mexico Pledges to Fully Open Markets, A Major Win for US Producers

US Commerce Secretary Howard Lutnick announces Mexico's agreement to fully open its markets, a significant development for US producers. Discussions between Trump and Sheinbaum foc...

Economy

US to Finalize Trade Deals with Nations by Midnight: What You Need to Know

The White House has set a midnight deadline for trade deals with up to 200 countries, with new tariffs to be imposed on those without agreements. Press Secretary Karoline Leavitt c...

Economy

Historic $450 Billion Korea-U.S. Trade Deal: A Deep Dive into Tariffs, Investments, and LNG Imports

The Korea-U.S. trade deal, valued at $450 billion, includes a $350 billion investment fund and $100 billion in LNG imports, sparking discussions on profit retention and energy dive...

Economy

Germany's Inflation Rate Holds Steady at 2% in July, Core Inflation Remains Unchanged

Germany's inflation rate is expected to stay at 2% in July, unchanged from June, with core inflation also remaining steady. The CPI is projected to rise by 0.3% monthly, while the ...

Economy

Korea and U.S. Reset Trade Dynamics: A New Era of Economic Competition Begins

The Korea-U.S. trade negotiations have led to a complex scenario where Korea avoids immediate tariff risks but faces long-term economic challenges. The U.S.'s dual tariff strategy ...

Economy

July Sees a 29% Spike in US Job Cuts, Reaching 62,075: A Deep Dive into the Numbers

Job cuts in the US soared to 62,075 in July, a 29% monthly and 140% annual increase. Technology, retail, and non-profits were hardest hit, with AI and budget cuts cited as major ca...

Economy

June Sees a 0.3% Rise in US Personal Spending Amid Inflation Surge

US personal spending and income both grew by 0.3% in June, with the PCE price index rising to 2.6% annually, indicating higher inflation than expected. Core PCE inflation also incr...

Economy

Canada's Economy Takes a Slight Dip in May: A Closer Look at the Numbers

Canada's GDP saw a slight decline of 0.1% in May, with goods-producing industries, especially mining and oil, facing the biggest drop. Manufacturing grew by 0.7%, while services re...