Economy News

Economy

U.S. Oil Reserves Surge: A Closer Look at the 1.53 Million Barrel Increase and Its Market Impact

The United States has reported a 1.53 million barrel increase in crude oil inventories for the week ending July 25, with significant changes in distillate and gasoline stockpiles, ...

Economy

US and China Forge Constructive Dialogue on Trade and Technology: A New Chapter?

US Treasury Secretary Scott Bessent described recent talks with China as "very constructive," focusing on de-risking in trade, rare earths, and technology. China made concessions o...

Economy

Trump Announces Potential 20% to 25% Tariff on India Amid Unfinalized Trade Deal

US President Donald Trump announced a potential 20% to 25% tariff on India, citing high tariffs imposed by India. The announcement, made without a finalized trade deal, highlights ...

Economy

US Housing Market Sees Slight Dip in May with Regional Variations Highlighted by FHFA

The FHFA report reveals a 0.2% decrease in US house prices in May, with an annual increase of 2.8%. Regional variations show the West South Central and New England divisions leadin...

Economy

US Housing Market Shows Resilience: S&P/Case-Shiller Reports 2.3% Price Increase in May

The US housing market experienced a 2.3% increase in house prices in May, according to S&P CoreLogic/Case-Shiller. Regional variations were significant, with New York seeing a 7.4%...

Economy

June Sees a Dip in US Job Openings to 7.4 Million, Missing Market Expectations

In June, the US job market saw a decrease in openings to 7.4 million, missing expectations. Hires and separations showed minor changes, while the quit rate remained stable, reflect...

Economy

US Trade Deficit Shrinks to $86B in June, Surpassing Analysts' Expectations

The US trade deficit decreased to $86 billion in June, down from $96.4 billion in May, surpassing analysts' expectations. Exports and imports both declined, with a more significant...

Economy

ECB's Makhlouf Warns: US-EU Trade Deal Could Slow Down Economic Growth Amid Tariffs

ECB's Gabriel Makhlouf warns that the US-EU trade deal, featuring 15% tariffs on EU goods, may slow economic growth by affecting firms and consumers, though it could reduce global ...