Economic News
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The Latest: Trump issues new double-digit tariffs on 60 countries
President Donald Trump says he is imposing new double-digit tariffs on dozens of U.S. trading partners
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Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets
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US filings for unemployment aid fall to 187,000 last week, fewest since 1969
U.S. applications for jobless benefits tumbled to the lowest level in decades last week as layoffs remain historically low despite global economic uncertainty
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Europe's central bank holds rates steady amid swings in oil prices
The European Central Bank is leaving interest rates unchanged amid uncertainty about how volatile energy prices will affect inflation
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Trump's tariff threat could impact Canadian economy but may be negotiation tactic, experts say
The U.S. threat of 50% tariffs on Canadian goods could impact the economy, but experts suggest it might be a negotiation tactic
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House Republicans adopt $95 billion package for the Iran war and Trump's priorities
The House adopted a Republican-only $95 billion budget proposal, a long-shot effort to fund the Iran war and other White House priorities
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Demand for critical minerals fuels conflict but could help resource-rich nations, WTO says
The head of the World Trade Organization says surging global demand for critical minerals should be “a once-in-a-lifetime chance” for resource-rich countries in Africa and elsewhere to harness wealth and improve life for millions
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Iran's demands over the Strait of Hormuz would set a dangerous precedent, Rubio warns Asian leaders
Secretary of State Marco Rubio has warned Asian leaders that Iran's demand to control the Strait of Hormuz threatens the global economy and freedom of navigation
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U.S. and Pakistan condemn Houthi Red Sea threats to shipping and Saudi Arabia
The United States and Pakistan have rejected threats by Yemen’s Houthi rebels against Saudi Arabia and shipping in the Red Sea
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Britain's new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy
Britain’s new leader, Andy Burnham, is facing the same old problem: How can he kickstart a sluggish economy so that growing companies and increased output generate enough additional revenue to boost defense spending and pay for everything else voters want without raising taxes
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