Economic News
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US imposing a 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices
The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world’s 10th-biggest economy
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US stocks rise within 0.5% of their record, even as oil prices keep climbing
U.S. stocks ticked higher following strong profit reports from big companies
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Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump
Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation
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US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
U.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook
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26 Meta employees sue, alleging AI-driven layoff picks hit workers on medical and parental leave
A group of 26 Meta employees has sued the company, claiming it used artificial intelligence systems that disproportionately targeted those on medical or family leave for layoffs
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US producer prices fell 0.3% from May to June, but intensifying hostilities with Iran cloud inflation outlook
US producer prices fell 0.3% from May to June, but intensifying hostilities with Iran cloud inflation outlook
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US reimposes its blockade on Iran after Tehran's attacks on ships in the Strait of Hormuz
The U.S. military has reimposed its blockade of Iranian ports in response to Iran’s attacks on commercial ships in the Strait of Hormuz
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CORRECTS: China says its economy grew 4.3% in the last quarter from a year earlier, slowing from 5% in Jan-March
CORRECTS: China says its economy grew 4.3% in the last quarter from a year earlier, slowing from 5% in Jan-March
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As US reimposes naval blockade, Iran's paramilitary Revolutionary Guard threatens to halt Mideast energy exports
As US reimposes naval blockade, Iran's paramilitary Revolutionary Guard threatens to halt Mideast energy exports
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China says its economy grew 4.3% in the April-July quarter from a year earlier, slowing from the strong 1st quarter
China says its economy grew 4.3% in the April-July quarter from a year earlier, slowing from the strong 1st quarter
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