Japan Consumer Inflation Picks Up in June, Keeping Rate Increases on Track
Japan’s consumer inflation rose at a slightly faster pace in June with oil and food costs being the key factors […]
Economics
The U.S. will impose tariffs ranging from 10% to 12.5% on imajor trading partners as part of a new set of duties that the Trump administration says are designed to combat forced labor
The new duties, ranging from 10% to 12.5%, will replace a temporary tariff put in place after the Supreme Court
Mortgage rates rose to their highest level in almost a year, as rising tensions in the Middle East spurred fears of higher inflation
Rising oil prices helped push the 30-year fixed rate to 6.58%. Source link
Canada Retail Sales Rise for Fifth Straight Month in May
The value of retail sales increased 1.0% in May to a seasonally adjusted 73.71 billion Canadian dollars, or the equivalent
Reigniting Inflation Heaps Pressure on European Central Bank
The central bank held rates steady, but could resume hiking as surging oil prices threaten to drive inflation and bond
Global Bond Yields Jump as Oil Prices Surge, Inflation Fears Mount
U.S. and U.K. 10-year government-bond yields rose to two-month highs while the equivalent German yield hit its highest level since
Global Household Wealth Jumped in 2025, Raising Stakes for Profitability of AI
Global household wealth surged last year as expectations of bumper profits from artificial intelligence pushed equity prices to new highs,
Canada’s Mark Carney has tried the carrot and the stick with Trump—but neither has worked, and now Canada will enter trade talks with the threat of hefty U.S. tariffs on billions in Canadian goods
Canada’s prime minister has spent little political capital in making concessions, but offering more comes with risks. Source link
South Korea’s Economy Slows; Chips Keep Driving Growth
South Korea’s economic growth slowed in the second quarter after robust first-quarter, but remained resilient as brisk chip exports offset
U.K. Inflation Falls to 15-Month Low But Accelerating Prices Loom
The rate of inflation in June declined to its lowest level in more than a year after gasoline costs fell.