Economy

Bessent said he is confident the high court will reverse a ruling that declared Trump’s global duties illegal.

If approved, the compensation plan could give Musk control of more than 25 percent of the company’s stock.

The steelmakers plan to modernize and expand steel production at major facilities in Indiana and Pennsylvania and create more than 100,000 jobs.

Meanwhile, the share of first-time homebuyers has declined to just 21 percent—a record low.

Annual pay growth was little changed last month, the payroll processor said.

Right now, it feels like we are back in 1998. Next year is shaping up to be like 1999, which was my best performing year.

The greenback rose to a four-month high against the euro and a seven-month high against the Canadian dollar.

The court will determine the fate of Trump’s global tariffs, which were levied in response to chronic trade imbalances and decades of unfair trade practices.

Two factory surveys point in different directions as U.S. manufacturing straddles growth at home and weakness abroad.

Cook’s comments add to the growing sentiment that a rate cut next month is not guaranteed.

Bessent said he’ll be in court ‘to emphasize that this is an economic emergency.’

The average credit card debt was $6,523 in the third quarter—the highest in the past three years, TransUnion reported.

‘If the Fed brings down mortgage rates, then they can end this housing recession,’ the US Treasury secretary said.

The oil cartel’s recent decision could mitigate global oil supply glut fears.

The president said that China’s ability to threaten America and its allies by dominating the critical minerals sector will soon fade.

The president had said Oct. 15 he would attend but now says his presence would be a distraction from an important court case.

An analyst said that white-collar analytical jobs are most at risk from AI integration, while manual labor jobs face risk from robotics.

Easing U.S.–China trade tensions, a Fed rate cut, a wave of corporate deals, and stronger-than-expected earnings boosted stocks this week.

The Treasury chief said Beijing’s export controls have alerted trading partners to the dangers of relying on China for critical minerals.

Only 28 out of every 1,000 single-family homes have been resold this year.

Bessent said he is confident the high court will reverse a ruling that declared Trump’s global duties illegal.

If approved, the compensation plan could give Musk control of more than 25 percent of the company’s stock.

The steelmakers plan to modernize and expand steel production at major facilities in Indiana and Pennsylvania and create more than 100,000 jobs.

Meanwhile, the share of first-time homebuyers has declined to just 21 percent—a record low.

Annual pay growth was little changed last month, the payroll processor said.

Right now, it feels like we are back in 1998. Next year is shaping up to be like 1999, which was my best performing year.

The greenback rose to a four-month high against the euro and a seven-month high against the Canadian dollar.

The court will determine the fate of Trump’s global tariffs, which were levied in response to chronic trade imbalances and decades of unfair trade practices.

Two factory surveys point in different directions as U.S. manufacturing straddles growth at home and weakness abroad.

Cook’s comments add to the growing sentiment that a rate cut next month is not guaranteed.

Bessent said he’ll be in court ‘to emphasize that this is an economic emergency.’

The average credit card debt was $6,523 in the third quarter—the highest in the past three years, TransUnion reported.

‘If the Fed brings down mortgage rates, then they can end this housing recession,’ the US Treasury secretary said.

The oil cartel’s recent decision could mitigate global oil supply glut fears.

The president said that China’s ability to threaten America and its allies by dominating the critical minerals sector will soon fade.

The president had said Oct. 15 he would attend but now says his presence would be a distraction from an important court case.

An analyst said that white-collar analytical jobs are most at risk from AI integration, while manual labor jobs face risk from robotics.

Easing U.S.–China trade tensions, a Fed rate cut, a wave of corporate deals, and stronger-than-expected earnings boosted stocks this week.

The Treasury chief said Beijing’s export controls have alerted trading partners to the dangers of relying on China for critical minerals.

Only 28 out of every 1,000 single-family homes have been resold this year.