Economy News

Economy

President Trump Escalates Trade War: Imposes 125% Tariffs on Chinese Goods

President Trump has announced an immediate increase in tariffs on Chinese goods to 125%, citing Beijing's lack of respect for global markets. This move escalates the trade war betw...

Economy

US Economy on the Brink: Odds of Recession Skyrocket to 70% Amid Trade Wars

The probability of a US recession has dramatically increased to 70%, driven by new tariffs and retaliatory measures from trade partners. This marks a significant rise from 20% in J...

Economy

US Crude Oil Inventories Surge by 2.6M Barrels: A Closer Look at the Latest EIA Report

The EIA reports a 2.6 million barrel increase in US crude oil inventories, with refinery inputs up slightly and gasoline production down. Crude oil imports decreased, while total p...

Economy

BoE Warns of Intensifying Global Economic Uncertainty Amid Trump Tariffs and Inflation Risks

The Bank of England reports heightened global economic uncertainty due to Trump's tariffs, warns of increased inflation risks, and projects a 3.75% inflation rate for the UK by Q3 ...

Economy

US Economy on the Brink: 70% Chance of Recession in 2025 Sparks Global Concerns

The US economy's recession risk has dramatically increased to 70% in 2025, driven by President Trump's new tariffs and retaliatory measures from trade partners, sparking global eco...

Economy

US Crude Oil Inventories Surge by 2.6M Barrels: A Deep Dive into the Latest EIA Report

The EIA reported a 2.6 million barrel increase in US crude oil inventories, now 5% below the five-year average. Refinery inputs rose slightly, while gasoline production and crude i...

Economy

BoE Warns of Heightened Global Economic Uncertainty Amid Rising Inflation Risks

The Bank of England reports increased global economic uncertainty due to US tariffs, raising inflation risks and projecting a 3.75% inflation rate for the UK by Q3 2025, with poten...

Economy

US Wholesale Inventories Show Steady Growth in February, Signaling Economic Resilience

US wholesale inventories grew by 0.3% in February, reaching $902.3 billion, with sales up 2.4% month on month. The inventory-to-sales ratio improved to 1.30, reflecting better effi...