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Home Category News Business Economy

Economy

US producer prices rise modest 2.6% in May with inflationary pressures still mild

US producer prices rise modest 2.6% in May with inflationary pressures still mild

by Associated Press
June 12, 2025

WASHINGTON (AP) — U.S. wholesale prices rose modestly last month from a year earlier, another sign that remain mild. The Labor Department reported Thursday that its producer price index —...

Hiltzik: Forget tariffs — GOP proposals on student loans will crack the economy

Hiltzik: Forget tariffs — GOP proposals on student loans will crack the economy

by Los Angeles Times
June 12, 2025

While economists and the general public are preoccupied with the threat to U.S. economic growth stemming from Donald Trump’s tariff policies, serious as that is, they may be overlooking another...

Why China’s rare earth exports are a key issue in trade tensions with US

Why China’s rare earth exports are a key issue in trade tensions with US

by Al Jazeera
June 12, 2025

China’s export of rare earth elements is central to the trade deal struck this week with the United States. Beijing has a virtual monopoly on the supply of the critical...

Trump launches website for $5m ‘gold card’ granting US residency

Trump launches website for $5m ‘gold card’ granting US residency

by Al Jazeera
June 12, 2025

United States President Donald Trump has said his administration is accepting applications for his so-called “Trump Card”, which promises applicants permanent residency for $5m. Trump made the announcement on Wednesday...

A ‘shadow’ Fed chair could be coming. Who it could be and how markets might react.

A ‘shadow’ Fed chair could be coming. Who it could be and how markets might react.

by NBC News
June 11, 2025

Under normal circumstances, moderating inflation and a weakening labor market would make an easy case for interest rate cuts. But these aren’t normal times, and a scattering of headwinds on...

What do we know about the US-China trade deal?

What do we know about the US-China trade deal?

by Al Jazeera
June 11, 2025

The White House has said a trade deal with China is done and is awaiting the signatures of United States President Donald Trump and his Chinese counterpart, Xi Jinping. The...

Can pop music actually predict a recession?

Can pop music actually predict a recession?

by Vox
June 11, 2025

These days, it seems like anything could be a recession indicator. Press-on nails. Strip club habits. Lena Dunham’s exodus from New York. But how do we really know if there’s...

Inflation likely ticked higher last month, though Americans may be spending less to travel

Inflation rose slightly last month as grocery prices ticked higher

by Associated Press
June 11, 2025

WASHINGTON (AP) — U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame. Consumer prices increased 2.4% in May compared with a...

Russian Economy Faces Collapsing Oil Profits, Non-Viable Refineries

Russian Economy Faces Collapsing Oil Profits, Non-Viable Refineries

by Newsweek
June 11, 2025

Russia’s sanctions-hit economy has been left reeling by falling fossil fuel revenues and a slump in profitability in the country’s oil refineries. Figures released by Russia’s state statistics agency Rosstat...

Inflation likely ticked higher last month, though Americans may be spending less to travel

Inflation likely ticked higher last month, though Americans may be spending less to travel

by Associated Press
June 11, 2025

WASHINGTON (AP) — U.S. inflation likely picked up a bit last month as President Donald Trump’s start to bite, but lower prices for gas and possibly for air fares and...

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Masked Dem Assassin’s Car and Cowboy Hat Found 60 Miles Away

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At Least 3 Dead in West Virginia Flash Flooding

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Data Guru Says Up to 6 Million People Attended the ‘No Kings’ Protests
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Data Guru Says Up to 6 Million People Attended the ‘No Kings’ Protests

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The CEO of British telecom giant BT warns AI could lead to further job cuts at the firm
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The CEO of British telecom giant BT warns AI could lead to further job cuts at the firm

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I regretted giving my daughter her dad’s last name. I changed it to include mine also.
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I regretted giving my daughter her dad’s last name. I changed it to include mine also.

June 15, 2025

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