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The U.S. says India could face 100% tariffs
From the BBC World Service: The U.S. has warned India of an "unspecified penalty" for buying Russian oil and weapons, which Deputy White House Chief of Staff Stephen Miller says could take India's ta…
Published on 3 weeks, 1 day ago
Job data revisions reveal a weaker labor market
On Friday, job growth figures from earlier months were revised sharply downward: May's gain was cut from 125,000 to just 19,000, and June's total from 147,000 to only 14,000. Today, we're told there …
Published on 3 weeks, 4 days ago
Some U.S. trade partners now face steep import taxes
The Trump administration set August 1 as the deadline for countries to strike new trade agreements with the U.S. Some met the deadline, and others did not. The administration says it's about trading …
Published on 3 weeks, 4 days ago
U.S. announces new levies on foreign imports
From the BBC World Service: President Trump’s long-delayed tariff deadline has finally passed and for countries without a deal, the import taxes are steep — the highest in almost a century. But some …
Published on 3 weeks, 4 days ago
Investors say "aye aye, sir" to AI
Meta and Microsoft shares jumped Thursday morning following strong quarterly earnings, with both companies attributing the gains to AI-driven productivity and revenue growth. Susan Schmidt at Exchang…
Published on 3 weeks, 5 days ago
The Federal Reserve leaves interest rates unchanged
The guardians of interest rates at America's central bank chose not to cut interest rates, given the uncertain effects of tariffs and a resilient overall economy. But the committee's decision was not…
Published on 3 weeks, 5 days ago
President Trump imposes new tariffs on trading partners
From the BBC World Service: Goods from South Korea will face a 15% tariff under a new trade deal. Meanwhile Brazil will be harder hit, with a 50% tax on imports. Plus, we hear how Chinese electric ve…
Published on 3 weeks, 5 days ago
An economic mirage of sorts?
This morning's GDP figure showed that the U.S. economy grew at an annual rate of 3% in Q2 — a higher-than-expected rebound. But there's more than meets the eye. "The headline number is showing the vo…
Published on 3 weeks, 6 days ago
So few deals, so little time left
Friday is the latest deadline for the U.S. to sign trade deals with other countries, or else they'll face higher tariffs. The administration had promised 90 deals in 90 days when setting the later Au…
Published on 3 weeks, 6 days ago