Economics

Trump Says US, China Nearing Trade Deal, Meeting Possible

President Donald Trump announced that the United States is near a trade agreement with China and he would meet President...

US Services Growth Stalls as Tariff Pressures Mount

The Institute for Supply Management reported that U.S. services activity remained almost unchanged in July with a 50.1 index reading...

EU to Pause U.S. Tariff Countermeasures for Six Months

The European Commission announced on Monday that the EU will stop its retaliatory tariffs against the United States for six...

EU Banks Seen Resilient to Trade-Driven Recession Shock

The European Banking Authority published stress test results which show European banks can handle a severe global economic downturn stemming...

Trump’s Brazil Coffee Tariff Reshapes Global Trade Routes

The Trump administration's 50% tariff on Brazilian coffee will disrupt worldwide trade patterns because it will redirect millions of coffee...

Appeals Court Questions Trump’s Tariff Powers Under Emergency Law

Federal judges displayed doubt about former President Donald Trump's emergency power implementation of broad tariffs during Thursday's hearing because they...

U.S. Steel Adds American Directors Amid Nippon Security Scrutiny

The acquisition of U.S. Steel by Nippon Steel's $14.9 billion deal has led to the appointment of three U.S. citizens to the board of directors for national...

CEO Turnover at U.S. Giants Hits Two-Decade High

The rate of CEO departures among top U.S. companies has reached its highest level since 2005 because investors are paying closer attention and boardroom changes are driving...

U.S., EU Strike Tariff Deal, Sidestep Trade War

The United States and European Union established a trade agreement which imposed a 15% tariff on most EU exports to the United States while preventing a complete transatlantic...

Fed Set to Hold Rates Amid Inflation, Tariff Risks

The Federal Reserve will maintain its current interest rate policy this week because its members face opposing economic indicators and increasing White House demands. The majority of...