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US inflation warms up in June as tariffs boost some goods prices
Personal consumption expenditures price index rises 0.3%Goods prices post largest gain since JanuaryCore PCE inflation increases 0.3%; up 2.8% year-on-yearConsumer spending gains 0.3%; saving rate steady at 4.5%Weekly jobless claims increase 1,000 to 218,000 By Lucia Mutikani WASHINGTON, July 31Reuters
Fri, Aug 1
Taiwan president Lai: US tariff rate is 'temporary'
TAIPEI, Aug 1 (Reuters) - Taiwan's President Lai Ching-te said on Friday the 20% U.S. tariffs is "temporary" and the government will continue to strive for reasonable tariff rates and complete the final stage of negotiations.Once an agreement is reached, the tariff rate is expected to be...Reuters
Fri, Aug 1
France new car registrations down 7.66% in July, Tesla sales drop 26.57%
Aug 1 (Reuters) - New car registrations in France slid 7.66% in July from a year earlier to 116,377 vehicles, data from French car body PFA showed on Friday.Tesla TSLA.O sales in the country fell 26.57% to 1,307 vehicles last month. Since the start of the year, Tesla's sales have slumped by 38.5...Reuters
Thu, Jul 31
Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports
WASHINGTON, July 31 (Reuters) - President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations.Rates were set at 25% for India's U.S.-bound exports, 20% for Taiwan's and 30% for S...Reuters
Thu, Jul 31
US President Donald Trump extends Mexico trade deal deadline by 90 days - Bloomberg
US President Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, Bloomberg reported late Thursday. The announcement came just hours before the deadline on August 1, which in Mexico's case would have triggered a 30% tariff.Fxstreet
Thu, Jul 31
2024 US law grads posted record-high employment, survey shows
By Karen Sloan July 31 (Reuters) - U.S. law students who graduated in 2024 had the highest employment rate ever recorded by the National Association for Law Placement, the job-tracking group said Thursday, defying earlier predictions that the class's larger size would drive down the job rate....Reuters
Thu, Jul 31
Amazon projects quarterly revenue above market estimates
By Deborah Mary SophiaJuly 31 (Reuters) - Amazon.com AMZN.O forecast current-quarter revenue above market estimates on Thursday, encouraged by solid retail business despite pressures from U.S. tariffs on imports, while its cloud computing unit also benefits from strong AI demand. The company expects...Reuters
Thu, Jul 31
Longer-dated US yields dip as investors eye payrolls data
NEW YORK, July 31 (Reuters) - Longer-dated U.S. Treasury yields slid on Thursday before the government's highly anticipated jobs report for July due on Friday, reversing a rise the previous session following less dovish comments from Federal Reserve Chair Jerome Powell.Reuters
Thu, Jul 31
Path to the Fed rate cuts Trump wants may involve higher unemployment
Fed unlikely to cut rates without labor market weakeningUS data shows tariffs impacting inflation, consumer spending softeningWaller, Bowman dissented on Fed's policy decision due to job market concernsBy Howard Schneider and Michael S. Derby WASHINGTON, July 31 (Reuters) - President Donald T...Reuters
Thu, Jul 31
Countries with no trade deal will hear from US by midnight, White House says
WASHINGTON, July 31 (Reuters) - Countries that haven't negotiated a trade deal or received a tariff letter from the Trump administration will be hearing the from the U.S. about the terms of trade by the end of the day, the White House said on Thursday."The trade team has been working around ...Reuters
Thu, Jul 31
Campari rules out major price hikes in US to offset tariffs
July 31 (Reuters) - Campari CPRI.MI executives say in post-results call:CAMPARI CEO SAYS GROUP HAD TO FORGO ONE RETAILER IN GERMANY TO HOLD THE LINE ON PRICINGCAMPARI CEO: WE WILL UPDATE ON OUR STRATEGIC PRIORITIES IN NOVEMBERCAMPARI CFO: NOT THINKING ABOUT INCREASING PRICES IN A MEANINGFUL MANNER T...Reuters
Thu, Jul 31
US appeals court scrutinizes Trump's use of tariffs as trade deadline looms
Judges question invocation of sanctions law IEEPA for tariffsTariffs challenged by states, businesses as unconstitutionalTrump administration says deficits, drugs justify tariffsBy Jan Wolfe, Dietrich Knauth and Luc Cohen WASHINGTON, July 31 (Reuters) - U.S. appeals court judges sharply questione...Reuters
Thu, Jul 31
