Economy News

Economy

Trump Administration Appoints William Wiatrowski as Acting Labor Commissioner Amidst Data Controversy

The Trump administration has appointed William Wiatrowski as the acting commissioner of the US Bureau of Labor Statistics following the dismissal of Erika McEntarfer. This move com...

Economy

Trump Expresses Satisfaction Over Vacant Fed Board Position Amid Kugler's Resignation

President Trump comments on the resignation of Federal Reserve Governor Adriana Kugler, linking it to disagreements with Fed Chair Jerome Powell, and criticizes the fired BLS Commi...

Economy

Federal Reserve Governor Adriana Kugler Announces Resignation, Effective August 8, 2025

Adriana Kugler resigns as Federal Reserve governor effective August 8, 2025, leaving a key vacancy during President Trump's push for lower interest rates. She returns to Georgetown...

Economy

Adani Group Plans Massive $10 Billion Investment in Vietnam's Infrastructure and Energy Sectors

Adani Group is set to invest up to $10 billion in Vietnam, focusing on infrastructure, energy, and technology. This move aims to strengthen Vietnam-India economic ties and support ...

Economy

June Sees a 0.4% Dip in US Construction Spending, Annual Figures Also Decline

US construction spending fell by 0.4% in June to $2.13 trillion, with a 2.9% annual decline. Private construction dropped by 0.5%, while public construction saw a marginal increase...

Economy

Fed Officials Warn of Economic Risks in Holding Off on Rate Cuts, Urge Gradual Approach

Federal Reserve officials Michelle Bowman and Christopher Waller highlight the risks of delaying interest rate cuts, emphasizing the importance of a gradual approach to safeguard t...

Economy

US Manufacturing Sector Shows Signs of Weakness as ISM Reports Slight Downturn in July

The US manufacturing sector experienced a slight downturn in July, with the PMI dropping to 48%. New orders contracted for the sixth month, while production expanded. Employment an...

Economy

US Job Growth Slows in July: Nonfarm Payrolls Rise by Only 73,000, Missing Expectations

The US job market showed signs of slowing in July, with nonfarm payrolls increasing by only 73,000, missing expectations. The unemployment rate rose slightly to 4.2%, while average...