Economy
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Economy | LATEST STORIES
General Dynamics Profits Jet Higher on Sales of Business Aircraft
Military combat products also boosted earnings.
Trump Considering Auto Tariff Exemptions, White House Confirms
The White House has confirmed that tariff exemptions for automakers are being considered, amid concerns over their economic impact.
US Manufacturing Shows Signs of Improvement as Factory Output, Orders Tick Higher
Factory activity improved in April while price pressures and uncertainty related to the Trump administration’s trade policies weigh on the outlook.
Trump Admin Sued by a Dozen States in US Trade Court Over Tariffs
The lawsuit is the latest legal challenge against the tariffs.
IMF Predicts US Fiscal Deficit to Shrink in 2025 Due to Tariffs
The United States incurred a $1.8 trillion national deficit in fiscal year 2024, the largest this century except for in 2020 and 2021.
Fed’s Kugler: No Rate Cuts in Sight as Inflation, Tariffs Fuel Uncertainty
Federal Reserve Gov. Adriana Kugler said the Fed should keep rates steady as inflation remains elevated and new tariffs raise fresh risks.
New Home Sales at 6-Month High
Lower mortgage rates last month were cited as a contributing factor.
Boeing Narrows Losses on Strong Sales, Confirms China Customers Refusing Delivery
Robust production and delivery of new commercial aircraft boosted the company’s first-quarter performance.
US Seeks IMF, World Bank Reforms to Reverse Institutions’ Mission Creep: Bessent
‘America First does not mean America alone,’ the Treasury secretary said in prepared remarks.
British Steel Halts Redundancy Plans After Government Takeover
Shadow business secretary Andrew Griffith expressed concerns over the potential cost to taxpayers that full nationalisation could bring.
Housing Market Faces ‘Affordability Challenges’ Entering Spring Selling Season, Homebuilder Says
Cautious homebuyers remain on the sidelines.
Trump Says ‘No Intention of Firing’ Powell, Presses Fed to Cut Rates
Trump says Powell will remain as Fed chair until May 2026 as he continues pressuring the Federal Reserve to cut interest rates.
IMF Slashes Global Growth Forecasts Amid Tariffs and Uncertainty in Global Economy
Global growth is now expected to hit just 2.8 percent in 2025, with trade disruptions and policy shifts dragging most countries’ outlooks down.
Potential Trade Deal With China ‘Moving in the Right Direction’: White House
Treasury Secretary Scott Bessent was also optimistic that U.S.–China trade tensions will diminish.
Truth Social is an Unlikely New Market Barometer
President Trump’s Truth Social has emerged as perhaps the most important “tip sheet” for stock market timing.
Leading US Economic Indicator Continues to Decline in March, Predicts ‘Slowing Economic Activity Ahead’
The data does not indicate that the United States is in a recession, an analyst says.
Trump to Meet With Major Retailers Over Tariff Concerns
Executives from Walmart, Target, Lowe’s, and Home Depot are expected to take part in the meeting.
Dow Jones Drops 1,000 Points, While Trump Again Calls on Fed to Lower Interest Rates
It came as the president suggested on April 21 that the Federal Reserve needs to make ‘preemptive cuts’ as soon as possible.
DHL to Suspend Global Shipments of Packages Valued at More Than $800 to US Consumers
The company said the suspension is temporary.
Weekly Market Review: Stocks Post Losses Despite Falling Treasury Yields
Health care and tech stocks were the biggest losers, while financial shares posted gains.
