Economy
The US federal budget deficit reached approximately $2 trillion during the first 11 months of fiscal year 2026, according to figures released by the Congressional Budget Office, highlighting the continued pressure on the country’s public finances despite stronger government revenues. The deficit......
US President Donald Trump has promised a $5,000 payment to every American adult if Republicans retain control of both chambers of Congress in the upcoming midterm elections, presenting the proposal as a direct return of economic gains to citizens. Speaking at a Republican Party conference in Dallas......
The average interest rate on 30-year fixed-rate mortgages in the United States climbed to its highest level since June 2025 last week, as rising oil prices and renewed inflation concerns pushed borrowing costs higher. According to the Mortgage Bankers Association (MBA), the average rate increased by......
New financial disclosures from the Trump administration show that US President Donald Trump gave a total of $155,000 in cash gifts to four members of his White House team. Executive assistant Natalie Harp, communications adviser Margo Martin and White House operations deputy Chamberlain Harris each......
US President Donald Trump has expanded the list of Canadian goods subject to additional 50% tariffs, adding more than 70 product categories including cheese, furniture, automobiles and construction materials. The White House announced the expansion following stalled trade negotiations between Washington......
Trade in aerospace products between Morocco and the United States has expanded significantly in 2026, with US exports in the aerospace category exceeding $1 billion during the first seven months of the year. The increase highlights the growing industrial and technological links between the two countries. According......
Canada has brought a new package of retaliatory tariffs on selected US imports into force, escalating trade tensions with Washington following the latest round of American duties imposed on Canadian goods. The measures, which took effect on Tuesday, apply tariffs ranging from 15% to 50% on US products......
Bombardier is emphasizing its contribution to the US economy after President Donald Trump warned the Canadian aerospace manufacturer that it could face restrictions on selling aircraft in the United States unless it shifts more of its manufacturing operations onto American soil. The company said its......
Goldman Sachs has raised its oil price forecasts for 2026 and 2027, citing the possibility that disruptions to shipping and energy supplies in the Middle East could continue into next year. The investment bank now expects Brent crude to reach $85 a barrel in December 2026, while US West Texas Intermediate......
Goldman Sachs has warned that crude oil prices could surge to as much as $120 a barrel if attacks on commercial vessels in the Middle East intensify, highlighting the growing risks facing global energy markets amid mounting geopolitical tensions. Dan Struyven, co-head of Global Commodities Research......
The dirham experienced a slight decline against major currencies during the last week of August. According to data from Bank Al-Maghrib (BAM), the national currency depreciated by 0.9% against the US dollar and by 0.2% against the euro between August 27 and September 2, 2026. This development comes as......
Construction spending in the United States declined unexpectedly in July, according to data released by the U.S. Department of Commerce, signaling weaker activity across parts of the sector despite expectations for a modest increase. Total construction spending fell 0.5% during the month to an annualized......
The United States' Strategic Petroleum Reserve has fallen to its lowest level in more than four decades, according to the latest data released by the U.S. Department of Energy. The reserve held approximately 286.6 million barrels on August 28, marking its lowest recorded level since November 19,......
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