Business

U.S. Economy Surges Past Expectations as Spending, Investment Soar

Gross domestic product rose at a 3.3 percent annualized rate in the second quarter, up from the Commerce Department's initial 3.0 percent estimate and above the 3.1 percent pace economists had forecast.
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Business

Putin lambasts trade sanctions on eve of visit to China

By Ryan Woo BEIJING (Reuters) -On the eve of a visit to China, Russian leader Vladimir Putin blasted Western sanctions as his country's economy teetered on the brink of recession, wounded by trade curbs and the cost of his war in Ukraine. Russia and China jointly...

Turkey closes its airspace to Israeli planes and curbs Israel-bound trade over the Gaza war – AP News

Turkey closes its airspace to Israeli planes and curbs Israel-bound trade over the Gaza war  AP NewsTurkiye closes airspace to Israel, bans Israeli ships from Turkish ports  Al JazeeraTurkey bars Israeli ships from its ports, restricts airspace  ReutersIsraeli airlines say they’re still traversing Turkish airspace despite declared closure  The Times of IsraelTurkey cuts Israel ties in trade, airspace amid tensions  The Jerusalem Post

Tarifflation Narrative Fail: Goods Prices Fall, Inflation Muted, Even as U.S. Collects Record Tariff Revenue

Inflation held steady in July, with the Federal Reserve's preferred price gauge showing a slight deceleration in cost pressures and defying predictions from Fed Chairman Jerome Powell that tariffs would push up consumer prices.
The post Tarifflation Narrative Fail: Goods Prices Fall, Inflation Muted, Even as U.S. Collects Record Tariff Revenue appeared first on Breitbart.