Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Economy
Sharp Decline in January US Retail Sales Signals Economic Caution
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UK Economy Enters Recession, Challenging Sunak's Growth Pledge
"The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
"consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
The Latest
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Trump Imposes 30% Tariffs on EU and Mexico, Threatens Retaliation Doubling
President Donald Trump announced on Friday that the United States will impose a 30% tariff on all imports from the European Union and Mexico starting August 1, escalating trade tensions with two of the nation's largest partners. The move, revealed through formal letters posted to Truth Social, is part of a broader tariff campaign affecting more than two dozen countries and sectors. 
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Prices Begin Climbing as Trump’s Tariffs Hit U.S. Consumers
Prices on consumer goods ranging from toys to t-shirts are beginning to climb under the weight of President Donald Trump's aggressive tariff policies, with economists warning that the trend marks the early stages of broader inflationary pressure. 
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U.S. Adds 147,000 Jobs in June as Unemployment Dips, But Private Hiring Weakens
The U.S. economy added 147,000 jobs in June and the unemployment rate fell to 4.1%, signaling continued labor market resilience even as hiring momentum slows and signs of weakness emerge in private-sector employment. The figures, released Thursday by the Bureau of Labor Statistics, surpassed expectations of 117,500 jobs and marked a modest increase from May's revised total of 144,000. 
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U.S. Private Sector Sheds 33,000 Jobs in June as Hiring Slows Across Key Service Industries
U.S. private payrolls unexpectedly declined in June, with employers cutting 33,000 jobs-the first monthly drop since March 2023-signaling growing caution across the labor market even as layoffs remained historically low, according to a Wednesday report from ADP and the Stanford Digital Economy Lab. 
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U.S. Consumer Confidence Slumps in June as Tariff Anxiety and Job Market Concerns Deepen
U.S. consumer confidence dropped sharply in June, reversing much of May's gains and renewing concerns about the resilience of the American economy amid ongoing trade tensions, job market uncertainty, and fears of a potential recession. The Conference Board reported Tuesday that its consumer confidence index fell 5.4 points to 93.0, down from 98.4 in May. 
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Japan’s Exports to U.S. Plunge Nearly 25% Amid Trump Tariffs, Trade Deficit Hits ¥637.6 Billion
Japan posted a trade deficit of ¥637.6 billion ($4.4 billion) in May as exports slumped 1.7% year-over-year, weighed down by a dramatic 24.7% decline in automobile shipments to the United States following new tariffs imposed by President Donald Trump. The drop in exports marked the sharpest monthly contraction since September 2024, and came alongside a 7.7% fall in imports, driven by weakening domestic demand, Japan's Finance Ministry reported Wednesday. 
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UK Inflation Holds at 3.4% in May, Keeping Bank of England on Course for Rate Hold
UK inflation eased slightly in May but remained stubbornly above the Bank of England's 2% target, bolstering expectations that policymakers will hold interest rates steady at 4.25% during Thursday's monetary policy meeting. The Office for National Statistics reported Wednesday that the consumer price index rose 3.4% in the 12 months to May, marginally down from April's upwardly revised figure. 
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US Retail Sales Fall 0.9% in May as Auto Slump and Tariff Anxiety Hit Spending
Retail sales in the United States declined 0.9% in May, the Commerce Department reported Tuesday, reflecting a sharper-than-expected pullback in consumer spending following a surge in March as buyers rushed to beat tariffs on imported goods. The decline, which exceeded the 0.6% drop forecast by Dow Jones, underscores growing consumer caution amid geopolitical uncertainty and lingering effects from trade tensions. 
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China’s Retail Sales Jump 6.4% in May, Fastest Pace Since 2023, But Growth Outlook Remains Fragile
China's retail sales rose at their fastest pace since December 2023, jumping 6.4% year-over-year in May as government subsidies and online promotions spurred consumer demand. The unexpected strength in retail spending offered a rare bright spot for the world's second-largest economy, which has been grappling with persistent deflation, a deteriorating property market, and weak external demand. 
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UK Economy Shrinks 0.3% in April as Trump Tariffs Slash Exports by Record £2 Billion
The United Kingdom's economy shrank 0.3% in April, marking its steepest monthly contraction since October 2023, as President Donald Trump's new tariffs and domestic tax increases hammered British exports and consumer activity. Data released Thursday by the Office for National Statistics (ONS) revealed widespread declines in manufacturing, services, and exports, dashing government hopes for sustained post-winter growth.
