In June, U.S. producer prices remained unchanged, despite rising costs in certain sectors due to tariffs. This stability could pave the way for potential interest rate cuts by the Federal Reserve later this year.
June inflation surged as Trump's tariffs impact consumer prices. With rising costs for goods like furniture and audio equipment, the Fed may face pressure to adjust interest rates amidst growing economic uncertainty.
Experts warn that the new 'Big, Beautiful Bill' could have significant consequences for taxpayers, gamblers, and consumers. With changes to deductions and cuts to consumer protections, many Americans may face unexpected financial burdens.
Nike's shares soared after announcing a production shift away from China amidst looming tariffs. The company plans 'surgical' price increases, raising concerns for back-to-school shoppers as retail giants face rising costs.
In a surprising move, Singapore's budget airline Jetstar Asia will shut down by the end of July, marking the end of over 20 years of service. Qantas, its owner, cites rising costs and competition as key factors.
President Trump has doubled tariffs on imported steel and aluminum to 50%, igniting debates over rising costs for consumers and businesses. Meanwhile, aid operations in Gaza have been paused amid escalating violence.
Retailers are cleverly adjusting prices without alarming customers about tariff-related increases. Instead of blunt price hikes, they're using terms like 'strategic adjustments' to navigate rising costs while keeping shoppers engaged.
In a recent interview, Treasury Secretary Scott Bessent downplayed inflation fears linked to Trump’s tariffs, emphasizing Walmart’s ability to absorb costs. He praised strategic uncertainty in trade negotiations while addressing concerns over rising consumer prices.
In an unexpected social media clash, President Trump slammed Walmart for warning about price increases due to tariffs. He insists the retail giant can absorb costs without passing them to customers, igniting a heated debate over trade and inflation.
President Trump criticizes Walmart for raising prices due to tariffs, urging the retailer to absorb costs instead. Walmart CFO acknowledges challenges but aims to keep prices competitive amidst rising costs.
