Goldman Sachs has said it expects the U.S. to grow faster than consensus estimates in 2026, thanks to tax cuts, a reduced drag from tariffs, and easier financial conditions.
President Donald Trump'spromised temporary 15% tariffs to replace those struck down by the U.S. Supreme Court are meant to resolve a problem that many economists say does not exist: a U.S. balance of payments crisis, making them potentially vulnerable to new legal challenges.
New York Gov. Kathy Hochul on Tuesday called on the Trump administration to refund the estimated $13.5 billion in tariff payments to New Yorkers after the Supreme Court on Friday struck down many of the president’s far-reaching tariffs.
U.S. wholesale inventories increased marginally in December amid strong sales growth, government data showed on Tuesday.
Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the U.S. and Iran that could disrupt supply continued to worry investors as talks between the parties are set for Thursday.
While gloves continue to be an essential consumable in healthcare as well as a growing range of industrial and specialised applications, Kossan Rubber Industries Bhd says there is a global oversupply situation.