Tag Archives: July

Tariff revenue fails to curb US deficit as July spending hits record highs

Tariff revenue fails to curb US deficit as July spending hits record highs

Published on 13/08/2025 – 15:46 GMT+2 ADVERTISEMENT The US federal deficit surged to $291 billion (€248bn) in July, marking a 19% increase from the same month last year and one of the biggest jumps in recent years, according to Treasury Department data. It’s the largest spending total ever recorded for the month of July, though some other months—particularly during the …

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Inflation Slowed In July As Trump’s Tariffs Hike Prices

Inflation Slowed In July As Trump’s Tariffs Hike Prices

Topline Consumer prices rose slower than expected last month as President Donald Trump’s tariffs gripped markets, according to federal data released Tuesday, as hope remains for a possible interest rate cut by the Federal Reserve. The inflation report is the first since President Donald Trump fired the Bureau of Labor Statistics chief. Getty Images Key Facts Consumer prices rose 2.7% …

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U.S. deficit grows to $291 billion in July despite tariff revenue surge

U.S. deficit grows to 1 billion in July despite tariff revenue surge

The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S. J. David Ake | Getty Images News | Getty Images The U.S. government’s budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from …

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White House Will ‘Definitely’ Host a U.F.C. Fight on July 4, U.F.C. Head Says – The New York Times

White House Will ‘Definitely’ Host a U.F.C. Fight on July 4, U.F.C. Head Says  The New York Times White House to Hold UFC Fight on U.S.’s 250th Birthday  Time Magazine Dana White says UFC will host first-ever White House fight on July 4: “It is definitely going to happen”  CBS News UFC moving to Paramount with 7-year, $7.7B deal  ESPN A UFC fight at …

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Markets double down on September Fed cut after July inflation data

Markets double down on September Fed cut after July inflation data

July’s inflation report went about as well as the Fed (and the White House) could have hoped for. The Consumer Price Index (CPI) summary released Tuesday reported inflation notched up 0.2% in July, that’s down compared with the 0.3% increase in June. Over the past 12 months, this brings the headline inflation rate to 2.7%—admittedly still comfortably ahead of the …

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US July Tariff Revenue Jump Fails to Halt Wider Budget Deficit – Bloomberg.com

US July Tariff Revenue Jump Fails to Halt Wider Budget Deficit  Bloomberg.com U.S. deficit grows to $291 billion in July despite tariff revenue surge  CNBC US budget deficit has widened by $109B from a year ago despite influx of tariff revenue  Fox Business US July budget deficit up 20% year-over-year despite record Trump tariff income  The Boston Globe US budget deficit up 20% year-over-year …

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US prices continued rise in July as Trump tariffs impact consumer costs | US economy

US prices continued rise in July as Trump tariffs impact consumer costs | US economy

US prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs. Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in …

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Japan: Nintendo reveals best selling eShop games for July 2025

Japan: Nintendo reveals best selling eShop games for July 2025

Nintendo has announced the most popular games for the month of July on the Nintendo eShop. This covers both the Nintendo Switch and its successor the Nintendo Switch 2. As expected it was the magical 3D platformer Donkey Kong Bananza which claimed the top spot on the Nintendo Switch 2. Donkey Kong’s latest adventure is followed by Tamagotchi Plaza, which …

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China's July factory-gate prices miss forecast, deflation concerns persist – Reuters

China’s July factory-gate prices miss forecast, deflation concerns persist  Reuters China’s CPI remains flat in July, PPI declines on seasonal factors and trade uncertainties  news.cgtn.com China Struggles to Shake Off Deflationary Pressures Despite Policy Pivot  The Wall Street Journal China Consumer Inflation Unchanged Amid Anti-Price War Campaign  Yahoo Finance China sees positive price trends in July amid demand pickup  CCTV.com English Source link

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