The tariffs are hitting home as businesses pass along higher costs to end customers. As measured by the Consumer Price Index released Tuesday (July 15), consumer prices were up 0.3% in June, and the annual inflationary pace was 2.7%, per data from the Bureau of...
JPMorgan’s CEO is worried Wall Street is underestimating the potential for higher interest rates. Such a thing is a “cause for concern,” said Jamie Dimon, whose comments Thursday (July 10) at an event hosted by Ireland’s Department of Foreign Affairs were reported by Reuters. As...
Wells Fargo said Thursday (July 10) that it sees signs that the economy “appears to be losing some steam,” with job creation slowing and inflation expected to rise. The bank said in its “U.S. Economic Outlook: July 2025“ that nonfarm payrolls added an average of...
The number of Americans filing for unemployment last week dropped, even as the number who are unemployed rose to the highest level since November 2021. Reuters reported Thursday (July 10) that these figures suggest that employers are holding on to their current workers even though...
The Bank of England said global financial markets are still in jeopardy despite easing tariff tensions. “Risks and uncertainty associated with geopolitical tensions, global fragmentation of trade and financial markets, and pressures on sovereign debt markets are still elevated,” the United Kingdom’s central bank said...
The most taxing problem facing America’s small businesses? Taxes. That’s according to the latest findings from the National Federation of Independent Business (NFIB) optimism index, released Tuesday (July 8). The organization’s monthly report showed a slight dip, dropping 0.2 of a point to 98.6, hovering just above the 51-year...
Employment grew in June at about the same rate it’s been increasing over the past year, with gains in state government and health care and losses in federal government. The month’s increase in nonfarm payroll employment was gauged at 147,000, which was in line with...
The number of job openings in the U.S. increased by 374,000 in May and reached 7.77 million on the last day of the month. That figure was up from 7.40 million at the end of April, the Bureau of Labor Statistics (BLS) said in a...
Consumers in the United States are reportedly pumping the brakes when it comes to car buying. While shoppers scrambled to purchase new vehicles ahead of U.S. tariffs during the spring, that momentum has since faded, Bloomberg reported Tuesday (July 1). The annual automotive selling rate...