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US ends penny production after more than 230 years

The United States has struck its final penny after more than two centuries, ending production due to rising manufacturing costs and declining relevance.

13 November 2025

Economy

How a 50-Year mortgage could reshape homeownership in the US

The White House is considering backing a 50-year mortgage plan to help alleviate the country's home affordability crisis. Experts say the proposal has several drawbacks.

12 November 2025

Economy

Trump proposes $2,000 payments to Americans to show tariff benefits

US President Donald Trump has proposed issuing payments of at least $2,000 to all Americans, apart from those in high-income brackets, saying the move would highlight the benefits of his tariff policy.

10 November 2025

Germany

US Army advises food bank to soldiers in Germany amid pay uncertainty

US soldiers in Germany may not receive November pay amid the prolonged US government shutdown. Emergency funds covered October salaries, but future payments are uncertain.

5 November 2025

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Economy

US borrowing expected to rival Europe’s most indebted states, says IMF

The United States is on track to record the steepest debt increase among major economies, according to the IMF — surpassing levels in Italy and Greece for the first time this century.

27 October 2025

Economy

China's global exports are booming amid looming trade war with US

Trade numbers confirm that Chinese exports to the United States fell, but jumped globally, as a new 100% tariff threat from US President Donald Trump promises a rocky patch ahead of trade negotiations between the world's two strongest economies.

13 October 2025

Markets

US rare earth stocks surge, European markets see mixed start

Shares of US rare earth and critical mineral miners surged on Thursday as China announced further restrictions on its own exports. In Europe, trade was tentative in the opening on Friday.

10 October 2025

Europe News

US government shutdown – why should Europe worry?

The ongoing budget fight in Washington has the unintended consequence of harming the European economy. Especially EU exporters could be in for a rough ride.

Economy

Trump sets tariff on timber and lumber, citing national security risks

Imported wood and furniture "threaten to impair the national security of the US", according to the administration.

30 September 2025

Economy

US GDP shows 3.8% growth in second quarter in dramatic upgrade

Imports fell and consumer spending jumped, resulting in a much better economic performance than previously estimated in the world's biggest economy.

25 September 2025

Economy

Why the Fed is likely to cut rates as economic uncertainty mounts

Caught between economic uncertainty and political pressure, the Federal Reserve will decide this week whether to begin cutting interest rates after nine months — and by how much.

15 September 2025

Markets

Wall Street takes a blow after disappointing US jobs data

Wall Street reached new records, but the euphoria ran out as a disappointing US jobs report was released, fuelling expectations that the Federal Reserve will cut key interest rates at its next meeting in September.

5 September 2025

Business

Trump: Substantial semiconductor tariff coming 'very shortly'

Leaders of the US's biggest tech companies were grilled over their domestic investments at a dinner hosted by Donald Trump on Thursday. The president said that those investing in the US could be exempt from new tariffs.

5 September 2025

Economy

Fed independence ‘hangs by a thread’ as Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

1 September 2025

Economy

Trump’s tariffs knocked down by federal appeals court. What now?

The US Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country on earth.

1 September 2025

Economy

Boost for Trump as US growth revised higher in Q2

The US economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump's trade wars.

Markets

Markets rally as Fed Chair Powell signals Fed may soon cut rates

'Shifting risk balance may warrant policy adjustment,' said Jerome Powell in Jackson Hole, at the central bankers' annual meeting, hinting that the Fed may soon cut rates, even as inflation risks remain.

Economy

Trump: 'Highly unlikely' to fire Fed Chair Powell, but looked into it

President Donald Trump rocked Wall Street temporarily by saying he had “talked about the concept of firing” the head of the Federal Reserve, but was unlikely to do so, ”unless he has to leave for fraud”.

Economy

US inflation accelerates to 2.7% as Trump's tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Economy

Trump is addressing more nations with tariff letters - what's next?

The US President has been sending letters to various countries to address major trade agreements. But according to experts, they tell a confusing story about his policies.