Economy News

Economy

President Trump Eyes Tariff Relief for Struggling US Companies Amid Market Pressures

President Donald Trump has indicated a potential shift in trade policy by considering tariff exemptions for US companies affected by market downturns. He also shared insights on th...

Economy

Trump Signals Ongoing Tariff Battles: 'Nothing Is Over Yet' Amidst Market Fears

President Donald Trump emphasizes ongoing tariff negotiations, stating "nothing is over yet" amidst market fears. He criticizes China, justifying new tariffs including a hike to 12...

Economy

Unanimous Decision by FOMC: Key Interest Rates Held Steady in January Meeting

The FOMC's January meeting minutes show a unanimous decision to keep the key interest rate unchanged, highlighting a cautious stance on monetary policy amid current economic condit...

Economy

Exclusive: Treasury Secretary Bessent Reveals Trump's Strategic Move on Tariffs Amid Global Outreach

US Treasury Secretary Scott Bessent clarifies that the 90-day tariff suspension, excluding China, was President Trump's decision, not a response to market movements. Over 75 nation...

Economy

Trump Administration Considers Axing Billion-Dollar Consulting Contracts Over Cost-Cutting Dispute

The Trump administration may cancel hundreds of billions in consulting contracts after deeming cost-cutting suggestions from firms like Accenture and Deloitte "insulting," citing f...

Economy

President Trump Escalates Trade War: Imposes 125% Tariffs on Chinese Goods

President Trump has announced an immediate increase in tariffs on Chinese goods to 125%, citing Beijing's lack of respect for global markets. This move escalates the trade war betw...

Economy

US Economy on the Brink: Odds of Recession Skyrocket to 70% Amid Trade Wars

The probability of a US recession has dramatically increased to 70%, driven by new tariffs and retaliatory measures from trade partners. This marks a significant rise from 20% in J...

Economy

US Crude Oil Inventories Surge by 2.6M Barrels: A Closer Look at the Latest EIA Report

The EIA reports a 2.6 million barrel increase in US crude oil inventories, with refinery inputs up slightly and gasoline production down. Crude oil imports decreased, while total p...