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Saudi Arabia Commits Billions to U.S. Investment Over Trump Term
Full Story Saudi Arabia has pledged to invest hundreds of billions in the U.S. during President…
May 12, 2025
Economy
Economy Shrinks First Time in Three Years Amid Tariff Concerns
Full Story The U.S. economy has contracted for the first time in three years, sparking concerns…
May 10, 2025
Treasury Urges Debt Ceiling Action by August to Avoid U.S. Default
Full Story Treasury Secretary Scott Bessent warned lawmakers Friday that the U.S. risks defaulting on its…
May 9, 2025
Treasury Warns Debt Limit Maneuvers May End by August
Full Story Treasury Secretary Scott Bessent has warned lawmakers that special accounting measures to stay within…
May 9, 2025
Lego to Build $366M Warehouse in Virginia, Creating Jobs
Full Story Lego will invest $366 million to construct a 2 million-square-foot warehouse in Virginia, as…
May 9, 2025
Vietnam Sees Economic Boom, Attracts Wealthy Foreigners
Full Story Vietnam is experiencing a robust economic boom, drawing high-net-worth foreigners. The country’s growth has…
May 8, 2025
Federal Reserve Warns of Economic Risks from Trump’s Trade War
Full Story The Federal Reserve cautioned that President Trump’s trade war could lead to higher unemployment…
May 7, 2025
Federal Reserve Holds Interest Rates at 4.25–4.5% Range
Full Story The Federal Reserve has decided to maintain its benchmark lending rate between 4.25% and…
May 7, 2025
Powell Warns Tariffs May Spur Inflation and Job Losses
Full Story Federal Reserve Chair Jerome Powell has cautioned that maintaining high tariffs could trigger rising…
May 7, 2025
China’s Bank Cuts Reserve Ratio to Boost Economic Liquidity
Full Story China’s central bank will reduce the reserve requirement ratio by 0.5 points, injecting about…
May 7, 2025
More Americans Use Buy-Now, Pay-Later for Grocery Purchases
Full Story A quarter of Americans now use buy-now, pay-later services for groceries, up from 14%…
May 7, 2025
New Yorkers Voice Concerns Over Tariffs’ Economic Impact
Full Story New Yorkers are increasingly frustrated as tariffs raise prices and threaten broader economic consequences…
May 6, 2025