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Economy

US Jobless Claims Drop to Lowest Level in 3 Months

Economy The Epoch Times -
Number of Americans filing for new unemployment benefits declined for fifth consecutive week to a three-month low as U.S. labor market continues to perform at a solid pace.

The Market’s Focus Returns to Tariffs

Economy The Epoch Times -
Surging tariff revenue is expected to help the Treasury Department better manage the federal government budget deficit.
MAGA Business MAGA Business

Inflation Ticks Up Again in June as Annual Rate Reaches 2.7 Percent

Economy The Epoch Times -
U.S. inflation registered its largest increase in five months in June and provided little indication whether tariffs were triggering price pressures.

Luxury Housing Market No Longer Out of Reach for Some ‘Move-Up’ Buyers: Report

Economy The Epoch Times -
Today, the "moving on up" trend is making a comeback in the luxury market, as “move-up” buyers are entering it for the first time.

Federal Reserve Rates Are Too High, Says Former World Bank Chief

Economy The Epoch Times -
Rates should be between 0.25 and 1.75 percent rather than the current range of 4.25 to 4.5 percent, according...

Record 1 in 5 Buyers of New Cars Committing to $1,000-Plus Monthly Payments: Edmunds

Economy The Epoch Times -
The share of new car buyers committing to make monthly payments of $1,000 or more hit an “all-time high” in the second quarter of 2025.

US Economy Adds 147,000 New Jobs, Unemployment Rate Dips to 4.1 Percent in June

Economy The Epoch Times -
The U.S. job market remained strong in June, as labor conditions continued to hold up amid economic uncertainty.

The Dollar Dilemma During Trump 2.0

Economy The Epoch Times -
The U.S. dollar index, a gauge of the buck against currencies including the euro and the yen, has declined by almost 11% to its lowest level in 3 years.
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Headlines

Venezuela Frees 10 US Citizens in Exchange for Deported Nationals

Govts of US and El Salvador facilitated a prisoner swap, securing 10 U.S. citizens held in Venezuela for 250 Venezuelan men deported to El Salvador prison.

Chevron Completes $53 Billion Hess Acquisition; Gains Access to Key Guyana Deepwater Oil Play

After deal to acquire the nation’s leading independent oil company, Chevron Corp. has completed its $53 billion acquisition of Hess Corp.

California Sues Trump Administration Over Termination of High-Speed Rail Funding

California sued the Trump admin on July 17 over its decision to revoke $4 billion in federal grants for the state’s high-speed rail project.

BP to Sell US Onshore Wind Business as It Refocuses on Oil and Gas

BP is selling its U.S.-based onshore wind business as the energy giant shifts its focus back to its core business of oil and gas.

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