The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday.Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April through...
Category: Economy
Even with high tariffs, Trump’s trade war suddenly is starting to look not so scary on Wall Street
U.S. President Donald Trump talks to the media as he meets with British Prime Minister Keir Starmer (not pictured) at Trump Turnberry golf club on July 28, 2025 in Turnberry, Scotland. Christopher Furlong | Getty ImagesU.S. tariffs on incoming goods look to be settling in only slightly less than what...
Textiles to whisky: U.K.–India ‘historic’ deal is set to boost bilateral trade by over $34 billion a year
AYLESBURY, ENGLAND - JULY 24: UK Prime Minister Keir Starmer and Prime Minister Narendra Modi of India walk in the grounds at Chequers on July 24, 2025 in Aylesbury, England. Kin Cheung | Getty Images News | Getty ImagesU.K. and India's bilateral trade is set to get a more than...
Trump says he believes Powell is ready to start lowering rates
President Donald Trump on Friday expressed confidence the Federal Reserve will start lowering interest rates, a day after he met with central bank Chair Jerome Powell.The president indicated the meeting took a positive tone and believes the Fed is ready to provide the monetary policy easing he has been seeking...
Brexit made businesses abandon the UK. Trump’s hefty EU tariffs could bring them back
A European Union (EU) flies alongside a British Union flag, also known as a Union Jack in London.Jason Alden | Bloomberg Creative Photos | Getty ImagesIn 2016, the U.K.'s vote to leave the EU prompted many businesses to shift operations to the European continent, taking investment and headcount with them.Fast forward to 2025, and...