US job openings declined to 7.44 million in June from a revised 7.71 million in May, according to data released Tuesday by the Bureau of Labor Statistics. The drop follows two consecutive months of gains and keeps the overall level within a consistent range observed over the past year, suggesting generally stable demand for workers. The figure came in slightly below the median estimate of 7.5 million in a Bloomberg survey of economists. This data is closely watched by the Federal Reserve as it evaluates the health of the labor market and its impact on inflation. Despite the monthly dip, the...
The United States and the European Union agreed on a framework trade deal to end months of uncertainty for industries and consumers. The two sides aim to produce a joint statement to clarify what they have agreed to, but here are the main elements of the deal that will enter into force on August 1 through an executive order by President Donald Trump, according to EU officials: * BASELINE TARIFF RATE: Almost all EU goods entering the U.S. will be subject to a 15% baseline tariff. The 15% tariff is not added to any existing rates. * CARS: Cars and car parts will be subject to the 15%...
U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, following two days of what both sides described as constructive talks in Stockholm aimed at defusing an escalating trade war between the world's two biggest economies that threatens global growth. No major breakthroughs were announced, and U.S. officials said it was up to President Donald Trump to decide whether to extend a trade truce that expires on August 12 or potentially let tariffs shoot back up to triple-digit figures. But U.S. Treasury Secretary Scott Bessent tamped down any expectation...