Economy

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.

The U.S. trade deficit with Mexico for medium- and heavy-duty trucks soared higher than $5.1 billion in 2024.

Nationwide, 1.32 percent of homes sat vacant, a 0.01 percent decrease from vacancy rates in the previous quarter.

Experts warn that global energy markets could be oversupplied in the near term, which is expected to further weigh on oil prices.

Child care costs rose by 5.2 percent year over year in September.

‘This is different’ than the dot-com bubble, Fed Chair Jerome Powell said.

Four Republicans joined with Democrats to vote against President Donald Trump’s authority to impose additional tariffs on Canada.

Federal Reserve Chairman Jerome Powell says another rate cut in December is ‘not a foregone conclusion.’

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.

The U.S. trade deficit with Mexico for medium- and heavy-duty trucks soared higher than $5.1 billion in 2024.

Nationwide, 1.32 percent of homes sat vacant, a 0.01 percent decrease from vacancy rates in the previous quarter.

Experts warn that global energy markets could be oversupplied in the near term, which is expected to further weigh on oil prices.

Child care costs rose by 5.2 percent year over year in September.

‘This is different’ than the dot-com bubble, Fed Chair Jerome Powell said.

Four Republicans joined with Democrats to vote against President Donald Trump’s authority to impose additional tariffs on Canada.

Federal Reserve Chairman Jerome Powell says another rate cut in December is ‘not a foregone conclusion.’