#economy

#economy

Republican Senator Rick Scott celebrated the July report, stating inflation was lighter than expected, viewing it as positive news for Florida families and supporting President Trump.

"This summer, thousands descended on Puerto Rico, where the singer's concert residency in San Juan, running from mid-June through mid-September, has single-handedly boosted the island's fragile economy."

New York has lost an estimated $600 billion since it fully rebated the Stock Transfer Tax in 1981, impacting funding for crucial public services.

The Labor Department reported Thursday that its producer price index - which measures inflation before it hits consumers - was up 0.9% last month from June and 3.3% from a year earlier.

The One Big Beautiful Bill Act removes federal tax obligations from Social Security income for 88% of seniors, allowing 51.4 million retirees to retain more income.

Barbados's economy is heavily reliant on tourism, contributing nearly one-third of GDP, with a noticeable increase during the northern hemisphere's colder months.

The 30-year fixed mortgage rate dropped to 6.57%, the lowest figure since October 2024, according to Mortgage News Daily.

France's purchasing power stands at $3.76 trillion, making it a leading economy capable of funding an elite military, positioning it as a significant global military power.

Firing a labor statistics chief after an underwhelming jobs report undermines confidence in the system, raising concerns about perceived political bias in the data.

Washington experienced a significant loss of 11,300 construction jobs from June 2024 to June 2025, marking the largest decline in the nation according to AGC.

Dr. Alan Ahearne, known for predicting the 2008 property crash, declares that rising house prices are expected to continue increasing without signs of a downturn in the near future.

Today's GDP reading was stronger than expected, but much like the first quarter data-which showed a modest decline in economic activity-the details really matter. Put simply, the first quarter wasn't as bad as the headline figure implied, and this quarter isn't quite as strong as implied in the data.