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U.S. private sector shed jobs for first time in recent years: ADP
The U.S. private sector unexpectedly lost jobs in June, according to data from payroll firm ADP on Wednesday, a potential sign of labor market weakness amid uncertainty from President Donald Trump's tariffs. It was the first such decline in recent years, in data that will be scrutinized ahead of government… Read
Analysis shows Trump's tariffs would cost U.S. employers $82.3 billion
An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans, a sum that could potentially be managed through price hikes, layoffs, hiring freezes or lower profit margins. The analysis by the JPMorganChase Institute is among the first… Read
Big automakers report U.S. sales jump on pre-tariff consumer surge
Several leading automakers including Detroit giants General Motors and Ford have reported increased U.S. car sales in the second quarter as consumers fast-forwarded purchases ahead of tariffs. Sales were particularly brisk early in the quarter as expectations of President Donald Trump's coming tariffs dominated the news. Besides the U.S. companies,… Read
Tesla sales plunge again as anti-Musk boycott shows staying power and rivals pounce on the weakness
Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk's political views continue to keep buyers away, a significant development given expectations that anger with the company's billionaire CEO would have faded by now. The 13% sales plunge over a year earlier suggests… Read
Japanese manufacturers slightly more optimistic despite Trump tariff worries
Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japan’s central bank released Tuesday, although worries persist over President Donald Trump’s tariffs. The Bank of Japan’s quarterly tankan survey said an index for large manufacturers rose to plus 13 from plus 12 in March, when it… Read
Average Japan land price rises 2.7% as tourism drives values
The average price of land in Japan rose 2.7 percent in 2025, the fourth straight year it has climbed and the fastest pace of increase since the calculation method was changed in 2010, as the nation's booming tourist sector has pushed up values, government data showed Tuesday. With land prices… Read
U.S. job openings in May hit 7.8 million in a continuing display of labor market resilience
U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies in May, the Labor Department reported Tuesday, up from 7.4 million in April and… Read
Food price hikes in Japan projected for over 20,000 items in 2025
The number of food and beverage items that will face price hikes in 2025 is projected to surpass 20,000 for the first time in two years, mainly due to high material and logistics costs, a credit research firm said Monday. In July alone, 195 major food makers are planning price… Read
Chinese factory activity improves slightly with delay on tariffs, but still lags
Chinese factory activity improved somewhat in June after President Donald Trump agreed to delay imposing higher tariffs on imports from China for 90 days, but overall activity was still contracting, according to a survey released Monday. The purchasing managers index, which reflects new orders and other measures, rose to 49.7… Read
Japan's tax revenue set to hit record for 5th year, topping ¥75 tril
Japan's tax revenue for fiscal 2024 is likely to have reached a record high for the fifth straight year, topping 75 trillion yen for the first time, on the back of robust corporate earnings, government sources said Monday. Price hikes by companies and wage growth helped boost consumption and corporate… Read
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