Economy

The first round of talks went on for more than ten hours.

The week’s winners were companies whose earnings exceeded analysts’ estimates, while pharmaceutical and health care stocks continued to decline.

While the president suggested exemptions from the 10 percent baseline are possible, he said only countries offering ‘exceptional’ terms may see relief.

‘We’ve got to de-escalate, before we can move forward,’ said Treasury Secretary Scott Bessent.

Data show a slight decline from 89 percent in the previous quarter, with housing affordability also showing slight improvement.

The treasury secretary urged Congress to raise the debt limit by mid-July before it goes into recess.

An expert says recent oil company spending cuts are a short- to mid-term response to global growth uncertainty, geopolitical tensions, and investment shifts.

Critics say the UK gave up long-term leverage for short-term fixes, as farmers and MPs call for more transparency and protections.

The Federal Reserve voted on May 7 to leave interest rates unchanged for the third straight meeting.

‘Every little bit helps,’ one UK economist said about the new trade outline.

The auto market may slow in the second half of 2025 because ’strong demand likely pulled some transactions forward,' says one expert.

The cold storage warehouse and logistics operator still plans to expand its worldwide projects in the second quarter.

The president said China had far more to gain than the United States.

More than 280,000 job cuts have so far been announced in the government sector this year.

Both initial and continuing jobless claims declined for the week ending May 3.

‘In the coming weeks, we’ll have it all very conclusive,’ Trump told reporters.

Analysts expressed concerns over the pricing dynamics and the competitive landscape in delivery and mobility businesses.

The entertainment giant’s shares surged more than 10 percent during morning trading on May 7.

‘Despite heightened uncertainty, the economy is still in a solid position,’ Fed Chair Jerome Powell said.

Opposition politicians have criticised a provision in Tuesday’s deal exempting some temporary Indian workers from national insurance payments.