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Economy news: inflation, interest rates, growth
Economy news at The Eastern Herald is your swift, high-signal brief for economy news today and breaking economic news—clarity on inflation, interest rates, GDP, jobs, trade, and markets, edited for speed, precision, and substance.
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Business
Shutdown gags the jobs report: Wall street flies blind
WASHINGTON — The United States awoke Friday without the monthly employment snapshot that, for decades, has anchored Wall Street forecasts and Main Street expectations....
Government and Politics
Trump’s ‘TrumpRx’ gamble: Pfizer deal promises cheap drugs—or just cheap talk?
WASHINGTON — The White House on Tuesday unveiled a two-part bid to dent America’s punishing prescription costs: a headline agreement with Pfizer to extend...
Trump slaps 25% tariff on heavy trucks from October 1 as...
Washington — President Donald Trump said the United States will impose a 25 percent tariff on imports of heavy-duty trucks beginning October 1, the...
Norway’s oil revival taunts Europe’s climate vows
Oslo — Norway’s leaders are testing a familiar proposition in a changed world: betting that the same offshore basin that made this small Nordic...
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Trump pressures EU to join reckless tariff war against China and...
Brussels — US President Donald Trump has urged the European Union to impose tariffs of up to 100 percent on imports from China and...
OPEC+ modest oil hike exposes West hypocrisy while Russia supply fears...
Singapore — Oil prices inched higher on Tuesday after OPEC+ approved a modest production increase, a carefully calibrated move that signaled the group’s intent...
China parade highlights perils of Trump’s reckless trade war
Beijing — China staged a sweeping military parade this week to mark the 80th anniversary of the end of World War II, a show...
Syria resumes crude oil exports after 14 years, signaling a major...
Tartus — Syria has exported its first shipment of crude oil in more than a decade, marking a dramatic turn in the country’s fortunes...
India seizes opportunity to reset with China as Trump’s tariffs misfire
Beijing — Prime Minister Narendra Modi’s visit to China has taken on added urgency after Washington’s sweeping tariffs on Indian exports left Delhi scrambling...
BYD proves resilience as China’s EV sector faces Western pressure
Hong Kong — Shares of Chinese electric vehicle giant BYD slid as much as 8 percent on Monday after the company reported a sharp...
Trump bends to China, betrays MAGA with 600,000 student visas
Washington — President Donald Trump on Sunday defended his abrupt reversal on Chinese student visas, insisting that granting entry to more than 600,000 students...
India rejects US accusations of being a ‘laundromat’ for Russian oil,...
New Delhi — India’s oil minister Hardeep Singh Puri has strongly rejected accusations from Washington that New Delhi is turning itself into a "laundromat"...
ECB chief Christine Lagarde warns of ‘very serious danger’ if Trump...
Frankfurt — European Central Bank chief Christine Lagarde delivered a stark warning on Monday, cautioning that US President Donald Trump’s repeated attacks on the...
SCO and BRICS emerge as counterweights to Western unilateralism
Tianjin — Iran’s defense minister, Amir Aziz Nasirzadeh, declared on Monday that global blocs such as the Shanghai Cooperation Organization (SCO) and BRICS have...
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Just In
Chicago standoff as Texas Guard arrives at Elwood, judge sets hearing
Pennsylvania — By midweek, a column of charter buses eased through the gates of the Joliet Army Reserve Training Center in Will County. On...
Comey in court, a test of DOJ independence under pressure
Alexandria — Before sunrise, a line formed along Duke Street, television crews lifted tripods into place, and the courthouse plaza filled with onlookers. By midmorning,...
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