Economy
Get breaking economic news and analysis including coverage on sanctions, trade, global markets, debt, producers & consumers, jobs, stocks, inflation
Economy | LATEST STORIES
Fed’s Powell Says Interest Rate Decisions Will Be ‘Non-Political' in Meeting With Trump
The White House meeting came amid intensifying pressure from the president to ease monetary policy as inflation has fallen.
Mortgage Applications Decline as Rates Hit ‘Highest Level Since January’: Report
Median monthly housing payments recently hit a record high of $2,882, dampening interest among many prospective homebuyers.
Tariffs Temporarily Reinstated by Appeals Court, Reversing Lower Court Order
The ruling is a reversal of a lower court order a day earlier.
US 1st Quarter GDP Revised Slightly Higher on Stronger Investment
Core inflation, a gauge that removes food and energy prices, was adjusted a bit lower in the second estimate.
Despite Court Ruling, Trump Has More Tariff Levers to Pull, Says Goldman Sachs
The bank outlined several legal avenues the White House could take.
Best Buy Lowers Profit Outlook, Commits to Mitigating Tariff Effect on Consumers
The company’s shares dropped more than 9 percent during morning trading.
White House Says Trade Policy Not Affected by Court Ruling, Has Other Tariff Authorities
The president can employ other tariff authorities ’to ensure that America’s interests are being restored around the world,' White House press secretary said.
Federal Trade Court Blocks Trump’s ‘Liberation Day’ Tariffs
“The Constitution assigns Congress the exclusive powers to ‘lay and collect Taxes, Duties, Imposts and Excises,’” the court ruling states.
Thames Water Fined £122.7 Million Amid Financial Crisis and Political Pressure
The utility’s financial woes and record-breaking fine spark urgent questions for the 16 million people depending on its services.
US-China Tariff Truce Triggers Cargo Stampede, Scramble to Diversify Beyond China: Analysts
The 90-day tariff reprieve has triggered record cargo bookings, soaring rates, and a rush to add factories outside China before duties snap back.
Temu Parent’s Profits Tumble Nearly 50 Percent Amid ‘External’ Pressures, US Tariffs
PDD’s American depositary shares fell by more than 13 percent on the Nasdaq.
Tariff Pause Fuels Consumer Optimism as US Confidence Rebounds in May
‘Consumers are feeling less jittery after the tariff pause announcements,’ says a bank’s chief economist.
Trump ‘Extremely Satisfied’ With Plan to Hit EU With 50 Percent Tariff
The comment comes after he had announced that those tariffs would be paused until July 9 if no deal is made.
US Stocks Rally as Dow Jumps 740 Points Following Trump’s EU Tariff Delay
Kevin Hassett, a top White House economist, also offered hope of more trade developments this week.
Food Inflation Rises for 4th Consecutive Month
Food prices are now 2.8 percent higher than a year ago, up from April’s 2.6 percent, according to the BRC-NIQ Shop Price Index.
Tariffs Aim to Boost Military, AI Manufacturing—Not T-Shirts: Trump
The president said he’s not looking to increase production of shirts, socks, and other clothing items.
Euro Poised to Challenge Dollar’s Global Dominance: ECB’s Lagarde
Europe could seize the moment amid a global trade shake-up by deepening integration, boosting security, and unifying its financial system, she said.
Trump Delays 50 Percent Tariff on EU Goods to July 9
The decision was made after a phone call with European Commission President Ursula von der Leyen.
Market Review: Stocks Fall on Bond Market Jitters, Trade Tensions
Some analysts believe the recent market recovery is still intact.
