In a move that could shake markets, Treasury Secretary Scott Bessent announced that steep tariffs will resume on August 1 unless countries negotiate better terms. President Trump is sending letters to trading partners, urging swift action.
This week is packed with significant economic events, including the U.S. tariff deadline and Amazon's extended Prime Day sale. Investors are keenly watching for earnings reports from Delta and Conagra, along with crucial economic data.
OPEC+ is set to ramp up oil production more quickly than anticipated, as the alliance led by Saudi Arabia responds to robust summer demand. This move aims to reclaim market share and unwind recent output cuts a year ahead of schedule.
Jurassic World Rebirth has taken the international box office by storm, raking in $26M from 38 markets on its opening day, plus $30.5M domestically for a grand total of $56.5M globally. China leads with a record $9.9M launch!
Economists warn that Trump's massive tax cuts could exacerbate the U.S. debt crisis, potentially leading to higher interest rates and a doom loop that threatens economic stability. Learn why experts are concerned about the future.
The latest ADP jobs report shows a surprising decline in private sector jobs, while BLS reports a surge in overall employment. What does this mean for job seekers and the economy? Read on to uncover the discrepancies and the political implications!
Alibaba Group is set to raise approximately HK$12 billion through exchangeable bonds to enhance its global cloud services and commerce ventures. The tech giant is making significant moves amidst fluctuating markets and economic data.
As President Trump considers potential replacements for Jerome Powell, uncertainty looms over whether Powell will step down next year. With his term ending in May, Trump may need to prepare for various scenarios.
European stock markets opened higher as optimism grows over U.S.-China trade talks and a ceasefire between Iran and Israel, while the dollar hits a three-year low. Traders are betting on potential U.S. rate cuts.
Apple is adjusting its App Store fees, introducing a 20% processing fee for developers, while those directing users to external payment options face lower rates. These changes come as Apple seeks compliance with EU regulations following hefty fines.
