Economy News

Economy

US Imposes Hefty 93.5% Tariff on Chinese Graphite, Escalating Trade Tensions

The US has imposed a 93.5% tariff on Chinese graphite imports, citing unfair subsidies. This move, part of ongoing trade tensions, could raise effective tariffs to 160%, following ...

Economy

White House Defends Trump Against Claims of Seeking Global Dominance Amid Tariff Dispute

White House Press Secretary Karoline Leavitt refutes Brazilian President Lula's comments that US President Trump seeks global dominance, amid tensions over US tariff threats and Br...

Economy

June Sees a Surge: US Retail Sales Climb by 0.6%, Marking a Significant Economic Uptick

US retail sales rose by 0.6% in June, reaching $720.1 billion, with a 3.5% year-on-year increase. The retail and food services sectors grew similarly, with notable gains in nonstor...

Economy

US Housing Market Shows Signs of Recovery as Builder Confidence Rises in July

US builder confidence for new single-family homes improved in July after two months of decline, with the HMI rising to 33. Sales expectations increased, but buyer traffic hit its l...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop by 7,000 to 221,000

Initial jobless claims in the US fell by 7,000 to 221,000, signaling potential strength in the job market. The 4-week moving average also decreased, though insured unemployment saw...

Economy

Fed Governor Kugler Advocates for Holding Interest Rates Steady Amid Rising Inflation and Trade Pressures

Federal Reserve Governor Adriana Kugler suggests holding interest rates steady due to low unemployment and rising inflation, influenced by trade policies. Her speech highlights the...

Economy

US Natural Gas Reserves Surge by 46 Bcf: A Closer Look at the Latest EIA Report

The US natural gas inventories have increased by 46 Bcf in the week ending July 11, as reported by the EIA. Despite a yearly decrease, current levels are above the five-year averag...

Economy

Exquisite Chinese Golden Plums Captivate Vietnamese Market at Premium $19/kg Price

Chinese golden plums, with their unique flavor and premium quality, are captivating Vietnamese buyers despite the high price of $19/kg. These plums are competing with other luxury ...