Economy News

Economy

Fitch Ratings Warns: Escalating US Tariffs Could Push Economy Towards Recession

Fitch Ratings warns that escalating US tariffs, now at levels last seen in 1909, could significantly increase the risk of a recession by raising consumer prices and lowering corpor...

Economy

Exclusive: Trump's Tariff Stance Unshaken, Commerce Secretary Lutnick Asserts

Commerce Secretary Howard Lutnick confirms President Trump's unwavering commitment to new tariffs, suggesting countries must adjust their trade practices for any changes. Trump's r...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports a 29 Bcf increase in US natural gas inventories for the week ending March 28, with levels now 80 Bcf below the five-year average.

Economy

China Strongly Rejects Fitch's 'Biased' Credit Downgrade, Vows Economic Resilience

China's Finance Ministry criticizes Fitch Ratings for downgrading its credit rating, calling it biased and not reflective of the country's economic stability and growth. Fitch cite...

Economy

Exclusive: No Tariff Exemptions Expected as US Negotiates with Major Trading Partners

US Commerce Secretary Howard Lutnick states there will be no tariff exemptions, as the US negotiates with major trading partners. He warns against retaliation, insisting on the sal...

Economy

US Trade Deficit Shrinks to $122.7B in February: A Sign of Economic Recovery?

The US trade deficit decreased by 6.1% to $122.7 billion in February, with exports rising by $8 billion and imports slightly dropping by $100 million. Annually, the deficit increas...

Economy

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

The US Department of Labor reports a decrease in initial jobless claims to 219,000, showcasing a resilient labor market. The insured unemployment rate slightly increased to 1.3%, b...

Economy

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

The 10-year US Treasury note yield dropped to 4.04%, its lowest since October 2024, following President Trump's new tariffs. The 30-year and 2-year notes also saw significant decre...