World News Guru

American-born workers see significant job gains as foreign-born employment drops The latest workforce data suggests that American workers have been the main beneficiaries in the labor market amid the Trump administration's crackdown on illegal immigration.The Labor Department's jo... Read more: https://worldnewsguru.us/economy-news/americanborn-workers-see-significant-job-gains-as-foreignborn-employment-drops Originally published on World News Guru

Trump's Energy Department warns Americans could face 800 hours of blackouts by 2030 The Trump administration's Department of Energy (DOE) on Monday released a report that found currently scheduled retirements of energy-generating facilities coupled with delays in bringing new power s... Read more: https://worldnewsguru.us/economy-news/trumps-energy-department-warns-americans-could-face-800-hours-of-blackouts-by-2030 Originally published on World News Guru

Trump announces 25% tariffs on Japan, South Korea President Donald Trump on Monday announced the U.S. will impose 25% tariffs on goods imported from Japan and South Korea.Trump shared letters addressed to Japanese Prime Minister Shigeru Ishiba and So... Read more: https://worldnewsguru.us/economy-news/trump-announces-25-tariffs-on-japan-south-korea Originally published on World News Guru

Atlanta Fed's Bostic warns tariff impacts could cause prolonged inflation Atlanta Federal Reserve President Raphael Bostic warned Thursday that he believes tariffs are likely to cause a prolonged stretch of inflation as opposed to a one-time spike in costs.Rather than "a sh... Read more: https://worldnewsguru.us/economy-news/atlanta-feds-bostic-warns-tariff-impacts-could-cause-prolonged-inflation Originally published on World News Guru

Fireworks business booms this Fourth of July as trade talks fizzle out incoming supplies NASHVILLE, Tenn. – The fireworks industry is expecting to get by this Fourth of July holiday, but trade tensions with China have some worried that sales leading up to America’s 250th birthday in 2026 ... Read more: https://worldnewsguru.us/economy-news/fireworks-business-booms-this-fourth-of-july-as-trade-talks-fizzle-out-incoming-supplies Originally published on World News Guru

Billionaire Ray Dalio warns of 'big, painful disruptions' after Congress passes Trump's spending bill Congress officially passed President Donald Trump’s "big, beautiful bill," and billionaire Ray Dalio is warning about the possible economic consequences, which could include spending cuts, major tax i... Read more: https://worldnewsguru.us/economy-news/billionaire-ray-dalio-warns-of-big-painful-disruptions-after-congress-passes-trumps-spending-bill Originally published on World News Guru

US hits Iran's 'shadow fleet' and oil smuggling network with sanctions The U.S. targeted Iran’s "shadow fleet" and an Iraq-Iran oil smuggling network with sanctions Friday in a bid to disrupt Tehran’s "access to the financial resources that fuel its destabilizing activit... Read more: https://worldnewsguru.us/economy-news/us-hits-irans-shadow-fleet-and-oil-smuggling-network-with-sanctions Originally published on World News Guru

Mortgage rates fall for fifth straight week, lowest since mid-April Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday,... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-fall-for-fifth-straight-week-lowest-since-midapril Originally published on World News Guru

Job growth picked up in June despite economic uncertainty The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy.The Labor Department on Thursday reported that emp... Read more: https://worldnewsguru.us/economy-news/job-growth-picked-up-in-june-despite-economic-uncertainty Originally published on World News Guru

Del Monte Foods files for bankruptcy Canned-food giant Del Monte Foods filed for bankruptcy on Tuesday, the company announced in a statement.Del Monte Foods began voluntary Chapter 11 proceedings and entered into a restructuring support ... Read more: https://worldnewsguru.us/economy-news/del-monte-foods-files-for-bankruptcy Originally published on World News Guru

Trump's tariff policies reshape online shopping habits, new report finds A new report suggests that the Trump administration's tariff policies are weighing on e-commerce as consumers have reconsidered how they go about making purchases.A report by AlixPartners found that t... Read more: https://worldnewsguru.us/economy-news/trumps-tariff-policies-reshape-online-shopping-habits-new-report-finds Originally published on World News Guru

Private sector lost 33,000 jobs in June, well below expectations, ADP says Companies in the private sector lost 33,000 jobs in June, payroll processing firm ADP said Wednesday.The figure is well below economists’ estimates of a gain of 95,000 jobs and down from the prior mon... Read more: https://worldnewsguru.us/economy-news/private-sector-lost-33000-jobs-in-june-well-below-expectations-adp-says Originally published on World News Guru

Wyoming rare earth mining facility to be first to open in over 70 years The U.S. Secretary of Energy and other elected officials are preparing to travel to Wyoming for the opening of the first new coal mine in the state in more than five decades.The ribbon cutting for the... Read more: https://worldnewsguru.us/economy-news/wyoming-rare-earth-mining-facility-to-be-first-to-open-in-over-70-years Originally published on World News Guru

Iran conflict reveals need for America to rethink defense supply chain, expert says The historic strikes on Iran revealed more than just U.S. power on the world stage — they also exposed the defense industry’s potential weak points in its supply chain. Exiger CEO Brandon Daniels beli... Read more: https://worldnewsguru.us/economy-news/iran-conflict-reveals-need-for-america-to-rethink-defense-supply-chain-expert-says Originally published on World News Guru

Waffle House drops 50-cent egg surcharge Waffle House dropped a 50-cent per egg surcharge this week as prices of the popular breakfast food have stabilized. The chain announced the "egg-cellent news" on X, writing in a post that "the egg sur... Read more: https://worldnewsguru.us/economy-news/waffle-house-drops-50cent-egg-surcharge Originally published on World News Guru

Challenges loom for trucking industry with end of Trump's tariff pause President Donald Trump’s 90-day pause on tariffs could be ending early this month. For truckers at Southern California’s ports, that could mean even more economic uncertainty. The Ports of Long Beach ... Read more: https://worldnewsguru.us/economy-news/challenges-loom-for-trucking-industry-with-end-of-trumps-tariff-pause Originally published on World News Guru

Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year Federal Reserve Chair Jerome Powell on Tuesday said that the central bank has held off on cutting interest rates due to concerns about tariff-induced price hikes on consumers, adding that the Fed like... Read more: https://worldnewsguru.us/economy-news/fed-chair-powell-confirms-tariff-concerns-prevented-interest-rate-cuts-so-far-this-year Originally published on World News Guru

FTC declares July as 'Made in the USA' month The Federal Trade Commission (FTC) is making July "Made in the USA" month.FTC Chairman Andrew Ferguson announced the move on Tuesday as the month of July officially gets underway and the Fourth of Jul... Read more: https://worldnewsguru.us/economy-news/ftc-declares-july-as-made-in-the-usa-month Originally published on World News Guru

Social Security insolvency could speed up with illegal immigration crackdown A new report warns that a side effect of the Trump administration's push to crack down on illegal immigration could further weaken Social Security's finances and speed up its insolvency.Social Securit... Read more: https://worldnewsguru.us/economy-news/social-security-insolvency-could-speed-up-with-illegal-immigration-crackdown Originally published on World News Guru

Canada rescinds digital services tax for the US: What is it and why did Trump want it gone? The Canadian government rescinded a digital services tax that was set to take effect on Monday after President Donald Trump threatened to break off trade negotiations between the U.S. and Canada over ... Read more: https://worldnewsguru.us/economy-news/canada-rescinds-digital-services-tax-for-the-us-what-is-it-and-why-did-trump-want-it-gone Originally published on World News Guru