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New report flags Trump energy policy as a $68B hit to private investment and 470k jobs
business4 days ago

New report flags Trump energy policy as a $68B hit to private investment and 470k jobs

A new E2/BW Research analysis finds Trump-era clean-energy rollbacks have cost the US about 470,000 jobs and $68.2 billion in private investment, with 216 large projects canceled or downsized since January 2025. The losses would have generated over $90 billion in construction GDP and $55 billion in annual GDP once online, plus $48.4 billion in ongoing spending and $53 billion in construction wages and $31 billion in ongoing wages. Tax revenue losses could reach nearly $20 billion during construction and around $12 billion annually thereafter. The biggest hits are in battery storage, solar, and EV manufacturing, signaling a broad economic cost from shifting policy away from clean energy.

via Electrek|
#business#clean-energy#energy-policy
PepsiCo flags inflation risk as US demand cools while international growth accelerates
business5 days ago

PepsiCo flags inflation risk as US demand cools while international growth accelerates

PepsiCo warns that higher fuel prices will lift input-cost inflation in the second half, with US snacks volumes flat and price cuts weighing on US revenue, while international markets remain resilient. The company posted 6.4% revenue growth to $24.2 billion and kept its full-year guidance, though shares fell on the softer US outlook.

via Financial Times|
#business#corporate-earnings-and-results#global-inflation
US jobless claims dip as labor market shows resilience
economy5 days ago

US jobless claims dip as labor market shows resilience

The Labor Department reported initial unemployment claims fell to 215,000 for the week ended July 4, suggesting the labor market remains stable even as June payroll growth slowed; continuing claims rose to 1.814 million due to seasonal adjustment issues from the summer holidays. Fed minutes indicated inflation concerns but generally expected near-term labor market stability, with unemployment hovering near current levels.

via Yahoo Finance|
#economy#federal-reserve#jobless-claims
Data centers as America's test of industrial resolve and domestic supply resilience
opinion9 days ago

Data centers as America's test of industrial resolve and domestic supply resilience

The author argues that data centres are a strategic test of US industrial resolve, highlighting how China’s dominance in critical minerals and downstream tech was shaped by past American missteps. While local opposition and proposed moratoria raise concerns about energy, water, and permitting, data centres spur investment in domestic manufacturing of advanced electrical equipment and create jobs, aligning demand with rebuilding resilient supply chains. By channeling investment—rather than halting projects—into US workers and clean-energy grid upgrades, the US can strengthen its industrial base and compete with Beijing, avoiding a repeat of the rare-earth era’s missed opportunities.

via Financial Times|
#data-centres#opinion#reindustrialisation
June jobs miss: US payrolls rise 57k as participation slips and revisions weigh on the labor market
economy12 days ago

June jobs miss: US payrolls rise 57k as participation slips and revisions weigh on the labor market

The June 2026 US payrolls increased by 57,000, far below economists’ expectations of about 113,000, while the unemployment rate fell to 4.2% (its lowest in a year). April and May payrolls were revised downward by a combined 74,000, dampening momentum. Job gains came from professional and business services, social assistance, and healthcare, but leisure and hospitality lost 61,000 positions as seasonal hiring cooled. The labor-force participation rate also slipped to 61.5%, suggesting softer overall labor-market strength.

via Yahoo! Finance Canada|
#economy#jobs-report#labor-market
May Job Openings Beat Forecasts at 7.6 Million
economy14 days ago

May Job Openings Beat Forecasts at 7.6 Million

U.S. job openings in May rose to 7.6 million, matching April and beating economists’ 7.3 million forecast; gains were led by wholesale trade and accommodations/food services, while healthcare and finance declined. The quits rate held at 1.9%, hires at 3.3%, and layoffs edged up slightly, with rates hovering around 1%–1.2% since mid-2024, according to the Bureau of Labor Statistics’ JOLTS report.

via Yahoo Finance|
#economy#job-openings#jolts
New Korean platform rules could cost US states up to $525B, model finds
world17 days ago

New Korean platform rules could cost US states up to $525B, model finds

A Competere Foundation model estimates that South Korea’s proposed Online Platform Fairness Act could reduce U.S. states’ economic activity by about $525 billion over the next decade, including roughly $123 billion for California, $48.7 billion for Texas, and smaller but still multi‑billion losses for several others. The bill would expand the Korea Fair Trade Commission’s authority over certain transactions with U.S. firms, a move critics say targets American tech companies and could advantage Chinese competitors, while supporters argue it addresses discriminatory domestic practices. Prominent Republicans in Congress criticize the plan as economically harmful and strategically misaligned with longstanding U.S.–Korea ties.

via Fox News|
#online-platform-fairness-act#regulation#south-korea
Kashkari Signals a Single Rate Hike by Year-End
economy18 days ago

Kashkari Signals a Single Rate Hike by Year-End

Minneapolis Fed President Neel Kashkari said he now expects one rate increase by year-end, revising his prior view of a year-end rate cut. He notes inflation remains above the Fed’s 2% goal (headline 4.1%, core 3.4%) and argues supply-driven pressures—from tariffs to energy disruptions and heavy investments in data-center infrastructure—could keep prices elevated, making a cautious rate hike likely depending on incoming data after the Fed held rates steady.

via CNBC|
#economy#fed#inflation
US housing market stalls as new single-family sales drop again
economy20 days ago

US housing market stalls as new single-family sales drop again

U.S. new single-family home sales fell 7.3% in May to a seasonally adjusted annual rate of 580,000, the second straight monthly decline and the lowest since January, as higher mortgage rates and prices restrain demand; inventory rose to 496,000 (the highest since July 2025), enough to take about 10.3 months to clear at the May pace. The drop occurred even as prices were largely flat on median terms and overall affordability remains a major hurdle, with economists warning the housing recovery may remain tepid into 2027. Regional results showed weakness in the West (seven-month low), declines in the South, and gains in the Northeast and Midwest, underscoring a uneven national picture amid higher borrowing costs and inflation pressures.

via Yahoo Finance|
#economy#housing-market#may-2026
US manufacturing payrolls shrink at fastest pace since the pandemic, PMI shows
economy20 days ago

US manufacturing payrolls shrink at fastest pace since the pandemic, PMI shows

June US manufacturing employment fell at the fastest monthly pace since May 2020, with the S&P Global US Flash PMI’s employment index dropping to 47 from 51.6 in May, signaling contraction even as output grows. Firms cite elevated input costs and policy uncertainty tied to tariffs and the Iran conflict, and overall factory jobs have declined by about 77,000 since the start of Trump’s second term; energy prices easing has cooled some input costs, but concerns persist for manufacturers.

via Financial Times|
#economy#pmi#sandp-global
Warsh’s hawkish debut signals a tightening era at the Fed
economy26 days ago

Warsh’s hawkish debut signals a tightening era at the Fed

Kevin Warsh’s debut as Fed chair delivered a hawkish tilt that unsettled markets: inflation remains too high and a tighter policy path—with balance‑sheet adjustments and reduced forward guidance—appears likely. While he hedged on whether rates are currently restrictive and criticized relying on the Fed’s future signals, the market still priced in tighter policy, raising questions about how the new chair will communicate and implement policy and whether this signals an end to the market’s “Fed put.”

via Financial Times|
#economy#federal-reserve#inflation
Warsh Aims for a Quiet, Debate-Driven Fed Leadership
economy28 days ago

Warsh Aims for a Quiet, Debate-Driven Fed Leadership

New Fed chair Kevin Warsh is expected to bring a restrained, debate-heavy leadership style, preferring deeper behind‑closed‑doors discussions over frequent public speeches. He’s seen as modeling a big‑picture approach (e.g., AI’s impact on the economy) and avoiding thornier, day‑to‑day inflation talk, a shift that could help preserve Fed independence while guiding policy through inflation dynamics with a steady hand.

via AP News|
#economy#federal-reserve#inflation