Parents of children in kindergarten through high school are spending an average of $144, and that’s coming as families are feeling financial stress. Source link
Category: Business
Business News
Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks on Powell
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of […]
U.S. Tariffs Land on Taiwan Amid Tension With Washington
The Trump administration is weighing yet more tariffs on chips, Taiwan’s main exports. Source link
With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories
President Trump’s executive order carved out a special tariff on goods shipped indirectly to the United States by way of other countries. Source link
Exxon Chief Says Demand for Oil Remains ‘Very, Very Strong.’
The largest U.S. energy companies reported their lowest second-quarter profits in years, as tariffs have weighed on oil prices. Source link
Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief
Initially 49%, it was lowered to 19%, easing worries of a damaging hit to the country’s garment and footwear production industries. Source link
E.U. Did Not Retain Texts Sought by Journalists on Covid Vaccine Deal
The European Union acknowledged for the first time that a top official reviewed the messages, but said it had no duty to keep them, despite […]
Here’s What to Know About Trump’s 50% Tariffs on Brazil
Latin America’s biggest economy can weather the shock of a high tariff rate. But American coffee lovers and Brazilian ranchers are likely to feel the […]
Amazon Reports $18.2 Billion in Profit Amid Strong Retail Demand
Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important cloud computing division. Source link
Trump Demands That Drugmakers Lower Some of Their U.S. Prices by September
The administration has not put forward a clear legal authority to compel drugmakers to reduce their prices. Source link