Economy News

Economy

Trump Shocks Global Markets with Tariff Pause, Imposes 125% Rate on China Amid Trade War Escalation

President Trump announces a 90-day pause on increased tariffs for most countries but escalates the trade war with China by imposing a 125% tariff. Wall Street reacts positively, wh...

Economy

Navarro Downplays Market Crash: 'No Big Deal' Amid Global Trade Optimism

Peter Navarro, Trump's trade advisor, minimizes the impact of a 2,000-point Dow drop, calling it 'no big deal' and remains optimistic about future trade deals with India, Australia...

Economy

EU Threatens to Escalate Trade War with US, Targeting Services and Tech Sector

European Commission President Ursula von der Leyen warns of the EU's readiness to expand the trade war with the US into services and technology sectors, highlighting potential reta...

Economy

Chicago Fed's Goolsbee Advocates for Patience in Monetary Policy Amid Economic Uncertainties

Chicago Fed President Austan Goolsbee calls for a cautious approach to monetary policy, emphasizing the high bar for changes and the potential economic impact of tariffs. His remar...

Economy

US Natural Gas Inventories Surge by 57 Bcf: A Closer Look at the Latest EIA Report

The EIA reports a 57 Bcf increase in US natural gas inventories for the week ending April 4, reaching 1,830 billion cubic feet. Despite this rise, stocks are down 450 Bcf from last...

Economy

Surge in Investor Confidence as US 30-Year Bonds Sell at Unexpectedly Low Yield

The US Treasury's latest 30-year bond auction exceeded expectations with a yield of 4.813%, indicating strong investor demand. The bid-to-cover ratio improved, and indirect bidders...

Economy

Janet Yellen Criticizes Trump's Tariffs as a Major Self-Inflicted Blow to the Economy

Former Treasury Secretary Janet Yellen criticizes Donald Trump's tariff policies as harmful to the US economy, suggesting they may lead to a recession. She also links the suspensio...

Economy

Trump Unaware of Market Turmoil: Dow Plummets 2,000 Points Amid Tariff Concerns

President Trump claims unawareness of the day's market drop as the Dow Jones falls 2,000 points amid concerns over new tariffs on China and their economic implications.