Economy News

Economy

Fitch Ratings Warns: Escalating US Tariffs Could Trigger Economic Recession

Fitch Ratings warns that US tariffs, now at levels last seen in 1909, could trigger a recession by increasing consumer prices, lowering corporate profits, and dampening global econ...

Economy

Top US CEOs Sound Alarm: Trump's Tariffs Could Trigger Economic Recession

Top US CEOs warn that Trump's new tariffs could harm the economy, with potential for major impacts on manufacturers, workers, and the restaurant industry, alongside a significant m...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 219,000, Signaling Economic Strength

The US Department of Labor reports a decrease in initial jobless claims to 219,000, with the 4-week average also declining. The insured unemployment rate slightly increased, but th...

Economy

Fitch Downgrades China's Credit Rating to 'A': A Deep Dive into the Economic Implications

Fitch Ratings has downgraded China's credit rating to 'A', citing deteriorating public finances and a rising debt trajectory. Despite a stable outlook, the debt-to-GDP ratio is pro...

Economy

US 10-Year Treasury Yield Plummets to October Lows Amid Trump's Tariff Announcement

The 10-year US Treasury note yield hits a low since October 2024 at 4.04%, influenced by President Trump's new tariffs, with significant movements across other notes.

Economy

President Sheinbaum Celebrates Avoidance of New US Tariffs on Mexican Exports

Mexican President Claudia Sheinbaum welcomes the US decision not to impose new tariffs on Mexican exports, highlighting improved trade relations and ongoing negotiations for better...

Economy

US Services Sector Shows Slight Dip in March but Remains in Growth Territory, ISM Reports

The US service sector experienced a slight activity decrease in March, with the PMI at 50.8%, still indicating growth. Mixed signals from key indexes, including a drop in employmen...

Economy

China Slams Fitch's 'Biased' Credit Downgrade Amid Strong Economic Recovery Claims

China's Finance Ministry criticizes Fitch Ratings for a 'biased' downgrade of its sovereign credit rating, arguing it ignores the country's economic recovery and stable growth, des...