Fireworks are a staple of Fourth of July celebrations across the United States, but the sparkle on the most American day of the year largely depends on China—specifically, Hunan Province, where nearly 95% of the world’s fireworks are produced.

The threat of inflation looms over the U.S. economy, with the Federal Reserve pointing to the Trump administration's tariff policies as the main concern. Despite a strong labor market, the Fed remains cautious,

Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.