Economic News
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US unemployment claims dip to 206,000 as layoffs continue to remain rare
Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still rare
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US wholesale prices moved higher last month in latest evidence of stubborn inflation
US wholesale prices moved higher last month in latest evidence of stubborn inflation
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European Central Bank raises interest rates a quarter point to quell inflation as Iran war drives oil prices higher
European Central Bank raises interest rates a quarter point to quell inflation as Iran war drives oil prices higher
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Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins
President Donald Trump says he plans to give every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections
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China’s car exports in first 8 months surpass 2025 total, as EV sales soar
Industry data show China’s passenger car exports surpassed last year’s total in the first eight months of this year
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Brazil's Lula signs measures to cut fuel taxes and subsidize diesel ahead of election
Brazilian President Luiz Inácio Lula da Silva has signed measures to lower fuel prices, just weeks before the presidential election
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Alcohol, whey and motorcycles are in the crosshairs of the US import ban on Canada products
The trade war between the U.S. and Canada escalated once again as the U.S. announced upcoming import bans on most alcoholic beverages from Canada, along with other products including whey, molasses and motorcycles
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Stocks fall on Wall Street as oil prices jump back above $100 a barrel after Iran war escalates
Stocks fell on Wall Street as the price of crude oil topped $100 a barrel again
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UK government defends decision to ban trade with Israeli settlements
British Prime Minister Andy Burnham has defended the decision to ban trade with Israeli settlements in the West Bank, emphasizing fairness and justice
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US banning dairy products, most alcohol and motorcycles from Canada in growing trade war
The White House says the United States is banning dairy products, most alcoholic beverages and some motorcycles from Canada, as their trade war escalates
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