Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Economy
Sharp Decline in January US Retail Sales Signals Economic Caution
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UK Economy Enters Recession, Challenging Sunak's Growth Pledge
"The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
"consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
The Latest
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Trump Doubles India Tariffs to 50% Over Russian Oil Ties, Threatening $87 Billion in Trade
President Donald Trump has ordered a 50% tariff on Indian imports, citing New Delhi's continued purchases of Russian oil and collapsing trade negotiations, in a dramatic escalation that could upend $87 billion in annual commerce between the two nations. The new import taxes-an additional 25% stacked atop existing duties-will take effect within 21 days, according to an executive order released Wednesday. 
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Trump Threatens 250% Tariff on Drug Imports
President Donald Trump said Tuesday that his administration will impose steep tariffs on imported pharmaceuticals, warning that rates could rise to 250% within 18 months in a bid to force drug manufacturers to move production back to the United States. 
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U.S. Adds Just 73,000 Jobs in July as Unemployment Rises to 4.2%; Fed Rate Cut Odds Jump to 63%
U.S. job growth slowed sharply in July, with nonfarm payrolls rising by only 73,000 and the unemployment rate climbing to 4.2%, signaling mounting pressure on the labor market and increasing the likelihood of a Federal Reserve rate cut in September. The figure fell well short of the 100,000-104,000 forecasts from economists and came alongside major downward revisions to prior months, with May and June job gains cut by a combined 258,000. 
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U.S. Economy Expands 3% in Q2 as Imports Plunge, Consumer Spending Rebounds
The U.S. economy grew at an annualized pace of 3% in the second quarter, significantly outpacing Wall Street expectations and reversing a contraction in the first quarter, as falling imports and a pickup in consumer spending bolstered overall output despite ongoing tariff pressures. The Commerce Department released the data Wednesday ahead of a highly anticipated Federal Reserve policy announcement. 
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Eurozone Growth Slows to 0.1% as German Output Contracts, U.S. Tariffs Weigh on Outlook
Eurozone economic growth slowed sharply in the second quarter of 2025, expanding just 0.1% over the previous quarter as Germany's economy contracted and the early-year boost from tariff front-loading faded. The figure, reported Wednesday by Eurostat, outperformed analysts' flatline forecast but underscored growing pressure from U.S. trade policy. 
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U.S. Home Sales Drop 2.7% in June as Prices Hit Record High and Mortgage Rates Stay Elevated
Sales of existing homes in the United States fell sharply in June to a nine-month low as high borrowing costs and record prices continued to sideline buyers. The National Association of Realtors reported Wednesday that home sales dropped 2.7% from May to a seasonally adjusted annual rate of 3.93 million units, missing analysts' expectations for a more modest 0.7% decline. Year-over-year, sales were unchanged. 
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U.S. Retail Sales Rise 0.6% in June, Beating Forecasts Amid Tariff Pressures
Retail sales in the United States rose by 0.6% in June, beating economists' expectations and signaling continued resilience among American consumers even as tariffs imposed by President Donald Trump begin to push up prices on everyday goods, according to Commerce Department data released Thursday. 
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U.S. Producer Prices Flat in June Despite Tariff Pressures, Easing Fears of Near-Term Inflation Spike
The U.S. producer price index (PPI) remained unchanged in June, confounding economist expectations and signaling that tariff-related pressures on goods prices may be offset-for now-by softness in the services sector. The report, released Wednesday by the Bureau of Labor Statistics, showed no change in both headline and core wholesale inflation, compared to forecasts of a 0.2% increase. 
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China Posts 5.2% Q2 Growth as Exports Rebound, But Deflation and Youth Unemployment Persist
China's economy grew 5.2% in the second quarter from a year earlier, slightly above expectations, as exporters capitalized on a temporary trade truce with the United States. But fresh concerns about domestic demand, persistent deflation, and rising unemployment signal that momentum may be difficult to sustain without additional policy support. 
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Trump Imposes 30% Tariffs on EU and Mexico, Threatens Retaliation Doubling
President Donald Trump announced on Friday that the United States will impose a 30% tariff on all imports from the European Union and Mexico starting August 1, escalating trade tensions with two of the nation's largest partners. The move, revealed through formal letters posted to Truth Social, is part of a broader tariff campaign affecting more than two dozen countries and sectors. 
