Iran mulls closing the Strait of Hormuz as retaliation: How it could affect global shipping, economyJuly 4, 2025
US trade deficit hits record high in March Economy May 22, 2025 The U.S. trade deficit grew to a record high in March after businesses stepped up their imports of goods in an…
With the economic tumult, a serious concern has emerged: stagflation Economy May 21, 2025 Economic uncertainty brought on by President Donald Trump’s tariffs on U.S. trading partners is raising concerns that the economy could face…
4 reasons for the Newark airport meltdown Economy May 20, 2025 Newark Liberty International Airport (EWR) remains quiet on social media about the issues causing major delays, resulting in passengers and…
Federal Reserve holds key interest rate steady amid economic uncertainty Economy May 19, 2025 The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to monitor…
Treasury’s Bessent says US should be ‘premier destination’ for digital assets Economy May 18, 2025 Treasury Secretary Scott Bessent on Wednesday offered insights into how the Trump administration plans to approach the regulation of the digital…
Toyota sees $1.3B profit hit from Trump tariffs in 2 months Economy May 17, 2025 Toyota executives predict President Donald Trump’s automobile tariffs will cost the company $1.3 billion in April and May earnings. The…
Used car prices jump to highest level since 2023 as auto tariffs squeeze consumers Economy May 16, 2025 Used car buyers are getting hit by higher prices for used cars as the auto market adjusts to President Donald Trump’s…
Trump unveils new UK trade deal, calls it ‘incredible day for America’ Economy May 15, 2025 President Donald Trump announced a new trade deal with the U.K., calling Thursday “an incredible day for America.” Trump told…
Mortgage rates hold steady, Freddie Mac says Economy May 14, 2025 Mortgage rates remained flat this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released…
Commerce secretary says more deals to come following US-UK trade agreement: ‘Going to drive our economy’ Economy May 13, 2025 Commerce Secretary Howard Lutnick said on Thursday that the newly announced trade deal between the U.S. and the U.K. is…