Economy
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Economy | LATEST STORIES
US Steel Cancels Earnings Call Amid Nippon Deal, 1st-Quarter Losses
The steel giant provided an optimistic outlook for second-quarter earnings, largely due to facility sales and higher prices.
US Manufacturing Activity Beats Wall Street Estimates Despite Tariff Uncertainty
Investors have worried about a tariff-driven economic slowdown, but Main Street’s reaction has been mixed.
Apple Beats Wall Street Revenue Estimate, Falls Short on Services, Wearables
The iPhone maker gave its cash dividend a 4 percent boost.
China Reduces Threshold for Tax Refunds for Foreign Tourists to Boost Consumption
The effects of the measures won’t offset weak consumer spending in China, experts said.
Yum! Brands’s Sales Rise, Led by KFC and Taco Bell
The company gave upbeat guidance regarding international sales despite the ongoing trade challenges.
US Ends Trade Exemption That Enabled Flood of Cheap Chinese Goods
U.S. Customs says it processes about 4 million de minimis shipments per day, up from 2.8 million last year.
Mercedes-Benz to Bring Production of New Electric SUV to Alabama Plant
The German luxury automaker confirmed that this will be its first all-electric SUV to be built in the United States.
McDonald’s Global Sales and Earnings Drop, Weighed Down by Weak US Sales
The company’s first-quarter U.S. sales declined by 3.6 percent year over year, compared to a 1 percent global decline.
Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report
April employment data caps off a busy week of economic news.
Mortgage Payments Decline in 12 US Metros Amid Easing Rates, Lower Home Prices: Redfin
Home buying and selling remained sluggish last month due to affordability challenges, NAR’s chief economist said.
Trump Admin Could Finalize Some Trade Deals Within Weeks, US Not in Talks With China: Greer
The administration is hoping to move forward with trade deals as fast as it can, the U.S. trade representative said.
Meta Posts Strong First-Quarter Results on Ad Sales; Stock Jumps in After-Hours Trading
‘Our community keeps growing with more than 33.4 billion people now using at least one of our apps each day,’ CEO Mark Zuckerberg said.
Trump’s Tariffs: A Timeline
A snapshot of the president’s actions on tariffs since Inauguration Day.
Microsoft’s Earnings Soar on Cloud Sales, Well Above Wall Street Expectations
Shares of the company rose nearly 7 percent in after-hours trading.
Port of Los Angeles Warns Potential 35 Percent Drop in Cargo Arrivals Due to Tariffs
The port is expected to see a considerable drop in container shipments next week as a result of new tariffs.
Trump Touts $8 Trillion in New Investment During Meeting With Top Business Leaders
Tariffs and trade policies have spurred about $8 trillion in business and manufacturing investment commitments, the president says.
Senate Rejects Resolution to Nullify Trump’s Global Tariffs
The measure, supported by Democrats and GOP Sen. Rand Paul, failed in a tie vote.
Homebuilders Court First-Time Buyers With Innovative Financing as Costs Rise
Offerings include interest-rate buy down programs, forward commitments, and 40-year mortgages.
US Consumer Confidence Drops for Fifth Consecutive Month
Consumers expressed worries that tariffs could raise prices and negatively affect the economy.
Federal Reserve’s Preferred Inflation Gauge Slows in March
Goods inflation falls while prices for services tick up slightly in March.
