Business

US GDP Grows 3.4% Amid Rising Inflation and Economic Concerns

The U.S. economy experienced a notable growth of 3.4% in the third quarter of 2026, surpassing economists' estimates of 3.2%. This growth was largely fueled by robust consumer spending and investments in artificial intelligence (AI), despite the challenges posed by rising inflation and higher fuel prices linked to geopolitical tensions in the Middle East. Consumer spending, which constitutes over two-thirds of the U.S. economy, increased...

US-India Trade Agreement Nearing Completion, Marco Rubio States

The United States is nearing the completion of a trade agreement with India, according to US Secretary of State Marco Rubio. Speaking in Samarkand, Uzbekistan, Rubio emphasized that the negotiations are a significant factor in current decisions surrounding national security waivers related to Russian energy sanctions. The ongoing discussions signal a potential strengthening of economic ties between the two countries. Rubio, who is scheduled to...

US Inflation Rises to 3.7% in September, Pressuring Republicans Pre-Midterms

Inflation in the United States climbed to 3.7% in September, an increase from 3.4% in August, according to government data. This rise in inflation,...

SpaceX Stock Rises 7.6%, Boosting Elon Musk’s Net Worth Past $1 Trillion

Shares of SpaceX surged by 7.6% to reach $171.10, significantly boosting Elon Musk's estimated net worth back above the $1 trillion mark. This increase...

Euro Hits 17-Month Low as France’s Debt Worries Grow

The euro has hit a 17-month low against the US dollar due to heightened investor concerns over France’s increasing debt and political instability across...

Trump Unveils Plans for $15 Billion Steel Plant in Iowa

President Donald Trump has unveiled plans for a monumental $15 billion steel plant in eastern Iowa, set to become the largest facility of its...

Trump Administration Considers Diesel Export Ban Amid Record High US Prices

U.S. diesel prices have reached unprecedented levels as the Trump administration considers implementing a temporary 90-day ban on diesel exports. This proposed measure aims...

US-Mexico Relations Strain as Cartel Politics Heat Up Before Elections

Tensions are escalating between the United States and Mexico as both nations navigate the political landscape ahead of crucial elections. The Trump administration has...

Saudi Arabia Secures Approval for $24.3 Billion F-35 Purchase from US

The United States has sanctioned a potential $24.3 billion arms deal with Saudi Arabia for the purchase of 48 F-35 stealth fighter jets, marking...

Federal Reserve Increases Interest Rates, Marking First Rise Since 2023

The US Federal Reserve has increased its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4%, marking the first...

Oil Price Spike Drives US 10-Year Treasury Yield to 5%

The cost of borrowing for the US government has reached a significant milestone, with 10-year Treasury bond yields hitting 5% for the first time...

Trump to Eliminate 10% Tariff on Irish Whiskey

President Donald Trump has announced his intention to eliminate the 10% tariff on Irish whiskey imported into the United States, a decision that could...

Canada Imposes New Tariffs, Intensifying Trade Dispute With U.S.

The trade tensions between Canada and the United States have intensified as Canada announced new retaliatory tariffs on American goods, amounting to approximately $20...

U.S. Economy Gains 162,000 Jobs in August; Unemployment Steady at 4.1%

The US labor market saw a modest rebound in August, with 162,000 jobs added, marking a recovery after a sluggish summer. Despite this improvement,...