Trump trade war shift away from Chinese manufacturing has reached tipping point

Trump trade war shift away from Chinese manufacturing has reached tipping point

A container is offloaded from the Wanhai 175 cargo ship at the Tan Vu Terminal, operated by Vietnam Maritime Corp., at Haiphong Port in Haiphong, Vietnam, on Wednesday, Jan. 15, 2025. Bloomberg | Bloomberg | Getty Images The proportion of volume from suppliers in China, Hong Kong, and Korea has declined from 90% to 50% over … Read more

Ukraine peace deal is really close, U.S. envoy Kellogg says

Ukraine peace deal is really close, U.S. envoy Kellogg says

Ukrainian President Volodymyr Zelenskyy meets with US President Donald Trump’s Special Representative for Ukraine, General Keith Kellogg, in Washington D.C. on August 18, 2025. Ukrainian Presidency | Anadolu | Getty Images U.S. President Donald Trump’s outgoing Ukraine envoy said a deal to end the Ukraine war was “really close” and now depended on resolving two … Read more

Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected

Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected

A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. The core personal consumption expenditures price index, which excludes volatile food and energy prices, indicated a 0.2% monthly … Read more

Asia-Pacific markets trade mixed after subdued Wall Street session

Asia-Pacific markets trade mixed after subdued Wall Street session

Hong Kong Skyline Nikada | E+ | Getty Images Asia-Pacific markets traded mixed Friday following a subdued Wall Street session. Australia’s ASX/S&P 200 added 0.19% to 8,634.6. Japan’s benchmark Nikkei 225 index lost 1.05% to close at 50,491.87, while the Topix declined 1.05% to 3,362.56. Yields on the Japanese 10-year government bond rose to 1.94%, … Read more

Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says

Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says

A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty Images Announced job cuts from U.S. employers moved further ahead of 1 million for the year in November as corporate restructuring, artificial intelligence and … Read more

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports

A hiring sign is displayed in the window of a business in Manhattan on Nov. 27, 2025 in New York City. Spencer Platt | Getty Images The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday. With worries intensifying … Read more

Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision

Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision

NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 … Read more

Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says

Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says

Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration’s tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC’s “Squawk on the Street” that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass … Read more

Euro zone inflation up a notch to 2.2% in November, flash data shows

Euro zone inflation up a notch to 2.2% in November, flash data shows

A Christmas market in Cottbus, Germany. Picture Alliance | Picture Alliance | Getty Images Euro zone inflation stood at 2.2% in November, marking a slight rise from the previous month, flash data from data agency Eurostat showed Tuesday. The latest consumer price index reading is just a shade above the European Central Bank’s 2% target. … Read more

As regime change looms at the Fed, one candidate emerges as frontrunner for chair

As regime change looms at the Fed, one candidate emerges as frontrunner for chair

Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images President Donald Trump knows who he’s going to select as the next Federal Reserve chair but isn’t saying yet. Prediction markets … Read more