#us-economy

#us-economy

U.S. President Donald Trump signed the GENIUS Act to create a regulatory regime for U.S.-dollar-pegged cryptocurrencies, facilitating their use for payments and money transfer.

Diane Brady highlights how the U.S. economy remains resilient despite the ongoing tariff wars. Market reactions indicate mixed sentiments about future leadership, like fears surrounding President Trump's potential actions against Federal Reserve Chair Jerome Powell.

Crude oil futures are struggling to move above $67 due to mixed signals in the market, reflecting strong refinery activity and inventory issues.

Trump's tariffs, the highest since the 1930s, have resulted in $64 billion in new revenue for the U.S. in the second quarter, a $47 billion increase over the previous year.

The new tax break will be available even to people who don't itemize deductions, but there are some caveats that could limit its reach.

Waltz has positioned itself to support up to $1 billion in loan volume, driven by increasing foreign demand for U.S. property investment amid global economic uncertainty.

This legislation [will] set back America's global competitiveness, destabilize our energy future, and weaken the very industries that power our economy and strengthen our national security-while surrendering the 21st-century tech race.

The appreciation of the euro against the dollar, the slowdown of the U.S. economy, and increased political and economic uncertainty are contributing factors to the slowdown in U.S. tourism to Spain.

The latest draft of the Trump administration's 'Big, Beautiful Bill' will raise the tax credit for chipmakers building manufacturing plants in the U.S. from 25% to 35%.

The US dollar strengthened amid an unexpected increase in job openings in America, as a result sterling edged lower by 0.3% to $1.3712.

The Bank of England's governor Andrew Bailey stated that there is an anticipated wide and volatile trading range of $3,600-3,100/oz for gold for the rest of the year.

A strong inward flow of millionaires creates a positive, self-reinforcing loop, as America is home to the largest, deepest capital market and is attractive to the wealthy.

"What I see two years out is low-cost will once again drive demand in this market," says McDaniel, general manager of Bila Solar. He adds, "That's going to be a hard road for some of us who have [higher costs] than panels made over in China or Southeast Asia."

According to the Commerce Department, real gross domestic product fell by 0.5% in the first quarter of 2025, compared to the previously reported dip of 0.2%.

Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection.