Economic News
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European Central Bank raises interest rates a quarter point to quell energy-fueled inflation
The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war
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US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated
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British man charged with aiding Russian spies to sabotage UK drone factory
Prosecutors in London say a British man plotted with Russian spies to sabotage a drone factory in England
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China says it hopes to agree with the US on tariff reductions at 'an early date'
A Chinese government spokesperson says China and the United States hope to reach an agreement on lowering import taxes soon
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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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