Economy News

Economy

Federal Reserve Chair Powell Warns of Gradual Economic Impact from April 2 Tariffs

Federal Reserve Chair Jerome Powell discusses the delayed economic impact of April 2 tariffs, noting their larger-than-expected scale and gradual effects on prices, supply chains, ...

Economy

US Oil Rig Count Rises to 489: A Weekly Increase Amid Annual Decline

The US oil rig count increased to 489, up by five from the previous week but down 19 annually. Gas rigs fell to 96, with total rigs at 590, a decrease from last year. Canada's rig ...

Economy

The Impact of Trump's Tariffs on Asian Economies: A Deep Dive into Trade Wars

The article examines the widespread impact of Trump's tariffs on Asian economies, highlighting China's potential GDP loss, Vietnam's trade challenges, Singapore's strategic concern...

Economy

How Trump's New Tariffs Could Severely Impact Vietnam's Economy and Global Trade

Vietnam's economy could face a significant downturn due to new U.S. tariffs, with GDP potentially dropping by 0.99%. The country is exploring negotiations and market diversificatio...

Economy

US Oil Rig Count Rises to 489: A Weekly Increase Signals Shifting Energy Dynamics

The US oil rig count increased to 489, up by 5 from the previous week, while gas rigs declined by 7 to 96. Overall, the total rig count decreased by 2 to 590, marking a significant...

Economy

Powell Highlights Employment and PCE as Key Indicators for Federal Reserve's Next Move

Federal Reserve Chair Jerome Powell emphasizes employment and the PCE Price Index as critical indicators for monetary policy, highlighting the complexity of the labor market and th...

Economy

UK Construction Sector Shows Signs of Recovery in March Despite Ongoing Challenges

The UK construction sector showed a slight recovery in March with the PMI rising to 46.4, despite civil engineering experiencing its fastest contraction since October 2020. Employm...

Economy

Powell Warns: Trump's Tariffs Could Trigger More Severe Economic Risks Than Anticipated

Federal Reserve Chair Jerome Powell warns that the Trump administration's tariffs may have a more severe economic impact than expected, with potential inflation increases and uncer...