Janet Yellen cautions that Trump's trade levies could severely impact US economic growth, potentially leading to a recession by hobbling businesses dependent on Chinese imports and...
US Treasury Secretary Scott Bessent calls for tariff de-escalation with China, citing economic slowdown and potential job losses. He suggests revisiting the 'phase one' trade deal ...
April saw a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% this year, driven by cost-cutting measu...
The US Department of Labor reports an unexpected rise in initial jobless claims by 18,000 to 241,000 for the week ending April 26, exceeding forecasts. The four-week moving average...
The US Chamber of Commerce urges the Trump administration to quickly implement a tariff exclusion process to protect small businesses and prevent a recession, emphasizing the urgen...
US manufacturing activity declined in April with PMI falling below 50 for the second month, indicating economic uncertainty. Key indexes showed mixed results, with employment sligh...
US construction spending experienced a 0.5% decrease in March, totaling $2.2 trillion, yet showed a 2.8% annual growth, reflecting the sector's resilience and ongoing demand.
The US manufacturing sector remained unchanged in April, with the PMI at 50.2, indicating stagnation amid rising costs and economic uncertainties, according to S&P Global.
