Yellen's 30% Tariffs on Chinese Semiconductors: A New Trade War Chapter
Economics Key Points * US Treasury Secretary Janet Yellen announced 30% tariffs on $120 billion of Chinese semiconductor imports. * Tariffs target firms like
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economics
Lebanon Defaults on $1.2 Billion Bond, Deepening Crisis
Economics Key Points * Lebanon defaults on $1.2 billion Eurobond payment * Central bank reserves depleted to $8 billion * Inflation at 210%, poverty
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Fed Holds Rates Steady, Signals Potential June Cut Amid Cooling Inflation
Economics Key Points * Federal Reserve holds interest rates steady at 4.75-5% in May 2026 * Inflation cools to 2.4% CPI in
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Jerome Powell's Fed Exit: Warsh Era Begins Amid Market Turbulence
Economics Key Points * Jerome Powell's Federal Reserve Chair tenure ends on May 15, 2026 * Kevin Warsh assumes the role of
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US-Iran Conflict Oil Prices Surge Above $120/Barrel
Economics Key Points * US strikes on Iran on May 7-8, 2026, drive Brent crude to $120/barrel * Federal Reserve cites energy shock
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EU Hits US Tech and Bourbon with €10 Billion in Retaliatory Tariffs
Economics Key Points * EU approved €10 billion in retaliatory tariffs on US tech and bourbon * Apple and Google face 50% duties, bourbon
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China Hits Back: 25% Tariffs on US Farm Goods
Economics Key Points * China imposed 25% tariffs on $15 billion of US soybeans, pork, and corn imports effective May 7, 2026 * US
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Dow Jones Plunges 2,014 Points in Worst Single-Day Drop Since 2020
Economics Key Points * Dow Jones Industrial Average closed down 2,014 points, or 7.8% * S&P 500 triggered a 7%
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Fed Signals Rate Cuts: Equity Surge, Housing Dips
Economics Key Points * Federal Reserve projects 0.5% rate cuts by December 2026 * Nasdaq rises 2.2%, S&P 500 up
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US-China Trade War: New Tariffs Spark Global Supply Chain Chaos
Economics Key Points * US imposes $360 billion in tariffs on Chinese goods * China retaliates with tariffs on $110 billion of US goods
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Oil Prices Surge Past $100 Amid US-Israel Strikes on Iran
Economics Key Points * Oil prices surpassed $100 per barrel following US-Israel strikes on Iran * Global inflation rates expected to shift by 5%
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US Leading Economic Index Plunges 0.6% in March 2026
Economics Key Points * US Leading Economic Index declined by 0.6% in March 2026 * Consumer expectations and building permits softened * Increased market
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US Jobless Claims Surge to 233K, Sparking Economic Slowdown Fears
Economics Key Points * US Initial Jobless Claims rise unexpectedly to 233K in late April 2026 * Labor market softening amid Federal Reserve'
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U.S. Consumer Confidence Edges Up to 92.8 Amid Global Pressures
Economics Key Points * U.S. Consumer Confidence Index rose 0.6 points to 92.8 in April 2026 * Tariffs, inflation, and wars
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Crude Oil Prices Hit 22-Month High on Strait of Hormuz Fears
Economics Key Points * Brent crude oil surged 4.5% to $92 per barrel on April 28, 2026 * Iranian threats to interrupt 20%
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