July 31, 2025

Trump Raises Tariffs on India and Brazil While Negotiating with South Korea

In a recent trade policy shift, President Trump announced higher tariffs on imports from India and Brazil while negotiating terms with South Korea. India faces a 25% tariff, Brazil a significant hike to 90%, whereas South Korea might see reduced duties in exchange for investments. This follows a broader trend of increasing tariff rates under Trump’s administration.

July 31, 2025

Bar K Dog Bar Closes All Locations Amid Financial Struggles

Bar K dog bar shuts down its locations in St. Louis, Kansas City, and Oklahoma City due to rising costs and financial issues, disappointing members who will not receive refunds. The company is seeking partnerships to provide alternative benefits to its members.

July 30, 2025

Oil Prices Rise on Positive Trade Deal Developments

Oil prices rose due to optimism about a U.S.-EU trade agreement, a potential U.S.-China tariff truce, and a new deadline set by President Trump for Russia to address the Ukraine conflict. Brent crude futures increased by 0.34%, while West Texas Intermediate rose by 0.33% as market sentiment improved.

July 30, 2025

Euro Weakens After US-EU Trade Agreement

The euro has weakened significantly following a US-EU trade deal viewed unfavorably by European nations, particularly France and Germany. Concerns regarding tariff impacts and economic damage have intensified discussions on monetary policies ahead of key rate decisions from the Federal Reserve and Bank of Japan.

July 30, 2025

Industrial Growth Slows to 10-Month Low in June

Industrial output growth fell to 1.5% in June, marking the slowest increase in ten months. The decline was driven by contractions in the mining and electricity sectors, while manufacturing output saw a modest rise of 3.9% from May.