As China tightens its grip on rare earths exports, one of its most crucial bargaining chips, the global supply chain is showing cracks.
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The surprising news comes just ahead of an all-important jobs report from the Labor Department due out Friday.
Klarna says the card will offer one free tier and two paid tiers that include discounts and better cashback rates.
The dollar decline comes just as a couple of other key US economic indicators have begun blinking red, too.
A new report by Redfin showed that US home sellers now outnumber by buyers by nearly half a million, the biggest gap on record since 2013.
Keeping track of the Trump’s on-and-off tariff strategy was hard enough — and now the judicial system is having their turn at the switch.
The Fed was already walking a tightrope over a bottomless pit of stagflation before waves of tariffs came to rattle the line.
You can’t bounce back without first getting low. And, in April, consumer confidence according to the Conference Board got real low.
Even before the latest jump in mortgage rates, existing home sales slid 0.5% last month, according to the National Association of Realtors.
After the auction, the yield on the 20-year note rose to 5.125%, the highest level since back in November 2023.
Hanging over the proceedings is the countdown to July 8, when the US is poised to slam its allies with “reciprocal” tariffs.
Some investors warn that Moody’s and other agencies have understated the risks posed by the US government’s finances.
Travelers are expected to spend $12.5 billion less on trips to the US this year, while the rest of the world is about to see a tourism boost.
Walmart says price hikes are coming this month and in the summer. You can thank tariffs on imports for them.
US cattle inventories have been battered by drought, leading to record beef prices and a long road to bringing them down.
Japan remains in position to be one of the big winners from President Trump’s trade war, even with a temporary China truce in place.