The Latest Breaking News from Economy

The government has faced mounting calls to reverse the winter fuel cuts

The Trump administration and its allies say that cars are too expensive. These days, not many people would disagree, but the GOP's underlying target with those claims is often electric vehicles. Now, Trump's U.S. Transportation Department seems to be going after fuel economy rules that were used by the Biden administration…

The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

Dimon's call for swift trade negotiations reflects urgency, as prolonged uncertainty could amplify negative effects, making them harder to reverse.

China’s central bank has cut its key lending rates to record lows to bolster the economy and cushion the impact of escalating trade tensions with the United States. The move follows a sweeping stimulus package announced earlier this month.

The Reserve Bank predicts trade uncertainty will cause Australia's GDP to grow 0.3 percentage points lower in 2025, shaving $8 billion off the economy.

Asian shares have advanced after China cut key interest rates as part of its effort to fend off malaise worsened by the trade war

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.09%. June E-mini S&P futures (ESM25 ) are down -0.01%, and June E-mini Nasdaq futures...

The size and scope of the tariffs caught the Fed and businesses off guard, Bostic said.