Economy News

Economy

Trump's New Tariffs Spark Historic Drop in US 10-Year Treasury Yield to October Lows

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

Economy

US Trade Deficit Shrinks to $122.7B in February: A Significant Economic Shift

The US trade deficit decreased by 6.1% to $122.7 billion in February, with exports rising and imports slightly dropping. Annually, the deficit grew by 86%, highlighting significant...

Economy

Exclusive: U.S. Commerce Secretary Lutnick Rules Out Tariff Exemptions, Signals Tough Trade Talks Ahead

U.S. Commerce Secretary Howard Lutnick dismisses the possibility of tariff exemptions, highlighting ongoing negotiations with major trading countries and the expected global reasse...

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 dropping, signaling strength in the job market despite a slight ris...

Economy

Spain Fights Back: Sanchez Announces a Bold €14.1 Billion Plan to Counter US Tariffs

Spanish Prime Minister Pedro Sanchez introduces a €14.1 billion plan to counteract US tariffs, featuring €7.4 billion in new funds and support for industries, aiming to protect Spa...

Economy

Innovative US Tariff Formula Aims to Eliminate Trade Imbalances with Global Partners

The US introduces a new tariff formula aimed at balancing trade deficits by considering trade balances relative to exports and import price elasticity, simplifying international tr...

Economy

March Sees a 60% Surge in US Job Cuts, Reaching Highest Levels Since May 2020

US job cuts in March surged by 60% to 275,240, the highest since May 2020, with government positions seeing the most cuts. Retail and financial sectors also faced significant layof...

Economy

ECB Warns of Inflation Risks from US Tariffs and Rising European Defense Spending

The ECB highlights concerns over monetary policy's effectiveness amid US tariffs and European defense spending increases, warning of potential inflation risks and the need for caut...