US economy News

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...

Bessent Predicts No Fed Rate Cut Today, Calls for More Creative Economic Strategies

US Treasury Secretary Bessent anticipates no rate cut by the Federal Reserve today, suggesting the Fed needs more creativity in its economic strategies. He and President Trump prai...

Apple Boosts US Manufacturing with New Detroit Academy Launching This August

Apple Inc. announces the opening of its Manufacturing Academy in Detroit on August 19, partnering with Michigan State University to offer workshops on advanced manufacturing techno...

Trump Criticizes Federal Reserve Building Renovation, Advocates for Lower Interest Rates

Donald Trump criticizes the Federal Reserve building renovation during a visit with Jerome Powell and Tim Scott, calling for lower interest rates and questioning the project's cost...

Japan to Boost US Economy with Massive Purchase of 100 Boeing Aircraft and Increased Trade Deals

Japan is set to purchase 100 Boeing aircraft as part of a new trade agreement with the US, alongside increased rice purchases and a boost in defense spending, totaling a $550 billi...

Geopolitical Tensions and Economic Optimism Drive Crude Oil Prices Up by Over 1%

Crude oil prices rose over 1% due to geopolitical tensions in Iraq and positive US economic reports, including retail sales growth and rebounding homebuilder confidence, signaling ...

San Francisco Fed President Mary Daly Predicts Two Interest Rate Cuts This Year Amid Economic Optimism

San Francisco Fed President Mary Daly forecasts two interest rate cuts this year, citing a strong U.S. economy and favorable economic fundamentals. She also discusses the minimal e...

OPEC Downgrades Global Growth Forecast to 2.9% Amid US Economic Contraction and Trade Uncertainties

OPEC has downgraded its global economic growth forecast for 2025 to 2.9%, citing the US economic contraction and trade uncertainties. Adjustments in regional forecasts include the ...

April Sees a Dip in US Small Business Optimism: NFIB Report Highlights Concerns

The NFIB reports a 1.6-point drop in the Small Business Optimism Index for April, signaling concerns among US small business owners. Further analysis is awaited to uncover the reas...

Bill Ackman Advocates for a 180-Day Tariff Pause on China to Stabilize US Economy

Billionaire hedge fund manager Bill Ackman suggests a 180-day pause on new actions toward China to avoid economic destabilization and give small businesses a breather, amidst risin...

Apollo CEO Warns: US Economy Faces Potential Recession Due to Tariff Policies

Apollo Global Management CEO Marc Rowan warns of potential US economic recession due to Trump's tariff policies, criticizing their execution while supporting the broader trade obje...

Unraveling the Trade Puzzle: How China Stands at the Heart of Trump's Economic Strategy

US Treasury Secretary Scott Bessent at the Milken Conference highlighted China as central to Trump's trade strategy, praised the resilience of the US economy, and affirmed the US's...

Bessent Highlights China as Central to Trump's Trade Strategy Amid Economic Resilience

US Treasury Secretary Scott Bessent identifies China as a central element in Trump's trade strategy during the Milken Conference, highlighting the US economy's resilience and its a...

Bill Ackman Advocates for a 180-Day Tariff Truce with China to Stabilize US Economy

Billionaire hedge fund manager Bill Ackman proposes a 180-day halt on new China tariffs to ease economic tensions and protect small businesses, highlighting China's increased motiv...

Apollo CEO Warns: US Economy Could Face Two Quarters of Negative Growth Due to Tariff Policies

Apollo Global Management CEO Marc Rowan warns of potential two consecutive quarters of negative growth in the US, attributing the slowdown to President Trump's tariff policies. Whi...

China at the Heart of Trump's Trade Strategy: Insights from Treasury Secretary Scott Bessent

US Treasury Secretary Scott Bessent identifies China as a key element in Trump's trade strategy, praises the resilience of the US economy, and reaffirms the US as the top destinati...

Bill Ackman Advocates for a 180-Day Tariff Truce with China Amid Rising Economic Tensions

Billionaire hedge fund manager Bill Ackman suggests a 180-day pause on new China tariffs to ease economic tensions, warning of potential instability for the U.S. economy and small ...

Apollo CEO Warns: US Economy Faces Potential Two-Quarter Negative Growth Due to Tariff Policies

Apollo Global Management CEO Marc Rowan warns of potential two-quarter negative growth in the US due to Trump's tariff policies, criticizing the execution while supporting the trad...

Apollo CEO Warns US Economy Could Face Two Quarters of Negative Growth Due to Tariff Impact

Apollo Global Management CEO Marc Rowan warns of potential two consecutive quarters of negative US growth due to Trump's tariff policies, advocating for a strategic approach to tra...

Janet Yellen Warns: Trump's Trade Tariffs Could Push US Into Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade tariffs could have a "tremendously adverse" impact on the US economy, potentially leading to a recessio...

Janet Yellen Warns: Trump's Trade Levies Could Push US Economy Towards Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade levies could severely impact American economic growth, potentially leading to a recession. Highlighting...

Janet Yellen Warns: Trump's Trade Tariffs Could Trigger US Economic Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade tariffs could have "tremendously adverse" effects on the US economy, potentially leading to a recession...

Dow Jones Plummets Over 650 Points as US Economy Shows Signs of Contraction in Q1 2025

The Dow Jones Industrial Average experienced a significant drop of 650 points amid concerns over the U.S. economy's contraction in Q1 2025 and underwhelming private payroll data. T...

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

ECB's Joachim Nagel asserts that tariffs will inflate prices more in the US than in Europe, with significant growth implications for Germany and the broader European economy.

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

Joachim Nagel of the ECB states that tariffs will have a stronger inflationary effect in the US than in Europe, with significant implications for Germany's economic growth.

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Tariff Uncertainties

Chevron CEO Michael Wirth shares an optimistic view on the US economy, dismissing immediate recession fears despite tariff-induced uncertainties. The IMF's revised growth forecast ...

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Tariff Concerns

Chevron CEO Michael Wirth sees no immediate signs of a US recession despite tariff uncertainties, advocating for a long-term economic view. Meanwhile, the IMF has lowered its 2025 ...

Chevron CEO Michael Wirth Dispels Recession Fears Amid Economic Slowdown Signs

Chevron CEO Michael Wirth reassures that the U.S. is not near a recession despite signs of slowing growth and IMF's adjusted forecasts, emphasizing a long-term economic perspective...

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Trade Tensions

Chevron CEO Michael Wirth remains optimistic about the US economy, seeing no immediate signs of a recession despite trade tensions and tariffs. The IMF has adjusted its 2025 US gro...

Goldman Sachs Warns: India's Stock Markets Strongly Correlated with US Despite Economic Insulation

Goldman Sachs analysis reveals India's economy is less vulnerable to US slowdowns due to minimal trade reliance, yet its stock markets show strong correlation with the US, highligh...

Scope Warns: US Faces Credit Risk and Recession from Escalating Trade War

Scope, a German credit rating agency, warns that the US could suffer credit negativity and recession due to the trade war's impact on dollar trust. Three scenarios, from light tari...

Citigroup Surpasses Expectations with a 3% Revenue Increase to $21.6 Billion in Q1 2025

Citigroup Inc. reports a 3% revenue increase to $21.6 billion in Q1 2025, with net income up 21% and earnings per share soaring 24%. CEO Jane Fraser highlights the company's strong...