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Paul WisemanInc.com |
The IMF downgraded its forecast for global growth to 3.1% in 2026 from the 3.3% it had forecast back in January.
The unemployment rate was down from 4.4% in February.
The war also has dredged up a bad economic memory from the oil shocks of the 1970s: stagflation.
According to AAA, the average price of U.S. gasoline has shot up to $3.48 a gallon from just under $3 a week ago.
Revisions also cut 69,000 jobs from December and January payrolls.
Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record" were “entitled to benefit" from the Supreme...
Many of Warsh’s potential future colleagues on the Fed’s interest-rate setting committee see the late 1990s experience differently than he does.
The refunds that do get issued will take time to roll out — 12 to 18 months, estimates TD Securities.
The deficit decreased from $904 billion in 2024 to $901 billion last year.
Consumer prices had risen 3% in September from a year earlier, and forecasters had expected the November CPI to match that year-over-year increase.
Both the October and November job creation numbers, released Tuesday by the Labor Department, came in late because of the 43-day government shutdown.
Instead it will release some October jobs data — the number of jobs created last month — along with the full November jobs report, a couple weeks...
Still, the U.S. trade deficit is up so far in 2025, coming in at $713.6 billion through August, up 25% from $571.1 billion in January-August 2024.
The justices sounded skeptical during oral arguments Wednesday of his sweeping claims of authority to impose tariffs as he sees fit.
Brookings and AEI calculated that the loss of foreign workers will mean monthly U.S. job growth “could be near zero or negative in the next few...
Job openings remain at healthy levels but have fallen steadily since peaking at a record 12.1 million in March 2022.
The CBO has estimated that the tax and spending cuts bill Republicans muscled through Congress in July means 3 million people would not qualify for...
Still, compared to a year earlier, producer prices rose 2.6%.
Job openings fell, layoffs ticked up, and quits hovered in place, according to the Job Openings and Labor Turnover Survey.
The Trump administration might balk at paying back the tariffs it’s collected.
Stiff pharmaceutical tariffs could disrupt complex supply chains, drive cheap foreign-made generic drugs out of the U.S. market, and create shortages.
Trump's tariffs remain in place despite a 7-4 appeals court decision that they're illegal, as his administration has vowed to appeal to the Supreme...
The producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier, much...
Fortunes may change if Trump's tariffs are upended in court. Five American businesses and 12 states are suing the president, arguing that his...
So far this year, the economy has been generating 130,000 jobs a month, down from 168,000 last year and an average 400,000 a month from 2021 through...
No email addresses or phone numbers were exposed, the company said, and the breach only affects users who signed up before February 2024.
The Labor Department reports that American factories shed 7,000 jobs in June for the second month in a row. Manufacturing employment is on track to...
Noting that the challenges to Trump's tariffs raise "issues of exceptional importance,'' the appeals court said it would expedite the case and hear...
"Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner,” Trump wrote on his Truth Social platform.
It's possible Trump's reciprocal tariff threat could bring other countries to the table and get them to lower their own import taxes.
The tariffs will likely drive up costs for American companies that use the metals, such as automakers, construction firms and beverage makers that...
TD Economics notes that average U.S. car prices could rise by around $3,000, at a time when the average new car already goes for nearly $49,000.
New CEO Adrian Hallmark blamed the timing of new model launches, supply chain disruptions and a weaker economy in China for Aston Martin's rising...
The contract calls for a 62% pay hike over six years that would lift hourly wages at the top of the union pay scale from $39 an hour to $63 an hour.
Lutnick will likely to spend a lot of time managing the president's aggressive plans to impose import taxes on U.S. trading partners, including allies...
President Trump's plans, however, threaten to rekindle inflation.
The Budget Lab at Yale University estimates Trump's tariffs would cost the average American household $1,000 to $1,200 in annual purchasing power.
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