Consumer confidence in the U.S. has plummeted to its lowest level since 2011, reflecting pervasive pessimism amid concerns over tariffs and economic uncertainty. The Conference Board survey indicates […]
Economy
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China’s Manufacturing Sector Contracts Sharply Amid US Tariffs
China’s manufacturing sector experienced a significant contraction in April, with the Purchasing Managers’ Index (PMI) dropping to 49.0, its lowest level since December 2023. This decline is largely […]
Economy
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First-Quarter GDP Growth Estimate Decreased
The Federal Reserve Bank of Atlanta has revised its estimate for the first-quarter GDP growth in 2025. According to the standard GDPNow model, the real GDP growth is […]
Economy
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Layoffs Decrease, Hires and Voluntary Quits Rise Amid Private Sector Strength
The U.S. labor market regained momentum starting in the fall of 2024, continuing into March 2025. Layoffs and discharges dropped significantly by 222,000 workers in March compared to […]
Economy
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Chinese Factories Experience Sharp Slowdown Amid Trade War
President Trump’s tariffs are impacting China’s factories significantly. Just three weeks into a trade war that has raised import tariffs on Chinese goods to 145%, an official report […]
Economy
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China’s Manufacturing Activity Shrinks Amid US Tariffs
China’s manufacturing sector has shown signs of contraction as the impact of US tariffs begins to take effect. The trade tensions between the two largest economies have raised […]
Economy
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China’s Manufacturing Activity Weaker Than Expected as Indicated by PMIs
The latest China Purchasing Managers’ Indices (PMIs) have indicated a weaker-than-expected performance in the manufacturing sector. This suggests that the industrial activity in China may not be as […]
Economy
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Port of LA Chief Warns of 35% Drop in Shipments from China Due to Tariffs
The Port of Los Angeles anticipates a 35% drop in shipments from China due to tariffs imposed by former President Donald Trump, according to Gene Seroka, the port’s […]
Economy
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Trump’s First 100 Days Mark Worst Stock Market Performance In Over 50 Years
The stock market has seen its worst performance during the first 100 days of a presidency in over half a century under Trump. This period has been marked […]
Economy
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Trump’s Tariffs Cause Price Surge for Online Shoppers
Online shoppers are facing a significant price hike due to President Donald Trump’s tariffs on Chinese goods. Retailers like Temu have started adding import charges, often more than […]