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Iraq Bulletin

Tag : US economy

Business

Data show Trump trade war failed to cut US China trade gap

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WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show the measures raised costs inside the United States while leaving the core U.S. goods trade deficit with China largely intact....
Business

Jobless claims surge, signaling U.S. economic slowdown

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Weekly jobless claims in the United States rose sharply to 241,000 for the week ending April 26, reflecting an increase of 18,000 from the prior week and exceeding expectations of 225,000. The figures, released by the U.S. Department of Labor,...
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S&P 500 loses over 3 trillion dollars under Trump administration

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The U.S. stock market has experienced significant volatility during the early months of President Donald Trump’s second term, recording one of the weakest openings to a presidency in modern history. Since his inauguration in January 2025, the S&P 500 has...
News

Trump says Powell’s termination can’t come fast enough

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U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for delaying interest rate cuts. Trump's comments, made both online and in the Oval Office, follow...
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Apple to spend $500B in US over four years, boosting AI and jobs

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Apple has announced an unprecedented commitment to invest more than $500 billion in the U.S. economy over the next four years. The initiative, revealed on February 24, 2025, represents the company’s most significant financial pledge to date, with a strong...
Business

Fed faces tough choices as egg prices soar amid shortages

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Rising egg prices in the U.S. are drawing attention as inflation concerns persist, potentially complicating the Federal Reserve’s monetary policy strategy. A severe egg shortage, largely attributed to an avian flu outbreak, has driven prices up by 15% from December...
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Bitcoin drops 7.3% since Trump’s inauguration amid weak sentiment

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Bitcoin continued its downward trajectory on Monday, declining 0.8% to $96,197, as the cryptocurrency market remained subdued amid the U.S. Presidents Day holiday. With stock and bond markets closed, significant price movements appeared unlikely, extending Bitcoin’s underwhelming start to 2025....
Business

US economy adds 254,000 jobs in September, beating expectations

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MENA Newswire News Desk: – The U.S. economy added 254,000 jobs in September, significantly surpassing economists' projections, according to data released by the Bureau of Labor Statistics (BLS). This unexpected surge in employment brought the unemployment rate down to 4.1%,...
Business

Gold continues upward climb, scaling one-year high racing past $2,000 an ounce

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Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest rate hikes despite growing concerns...