Data released on May 22 by the Institute for Supply Management showed U.S. manufacturing activity expanding for the first time in six months, while services activity also picked up unexpectedly. However, supplier delivery times slowed and input costs rose, suggesting that inflation could heat up further in the coming months, complicating the Federal Reserve’s interest rate outlook.
The global smartphone market is facing a significant headwind: a persistent chip shortage. This isn’t just a minor…
Authorities recaptured three of the ten inmates who broke out of Orleans Parish Justice Center ten days ago,…
A Reuters poll found that while a 90-day tariff truce with China slightly reduced recession risks, economists overwhelmingly…
President Trump postponed the planned 50% tariffs on European imports, extending the deadline to July 9 to allow…
