WASHINGTON, D.C. — In a move with deep implications for U.S. monetary policy and global financial markets, President Donald J. Trump announced on Tuesday that he has officially ruled out Treasury Secretary Scott Bessent as a contender for the next…
Browsing: Economy
The build-out of artificial-intelligence infrastructure is costing a fortune, straining companies and capital markets. In a summer earnings season dominated by eye-popping profits from Big Tech, investors and analysts have cheered what appears to be a golden age of artificial intelligence (AI)
Forget identity politics—what we’re witnessing is a full-scale ideological insurgency. The rise of Zohran Mamdani in New York City and Omar Fateh in Minneapolis isn’t a tale of diversity breaking barriers—it’s an alarm bell signaling a growing socialist push challenging…
President Donald Trump’s aggressive new trade policies—designed to bolster domestic manufacturing—are hitting Ford Motor Company harder than many anticipated. Despite building roughly 80% of the vehicles it sells in the U.S. domestically, Ford is projecting a net $2 billion tariff-related…
The latest jobs data suggests pockets of weakness in the labor market are starting to take hold. Revisions showed employers added a combined 258,000 fewer jobs in May and June than estimated.
WASHINGTON – The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell’s comments after the decision undercut confidence that borrowing costs would begin to fall in September, possibly stoking the ire of President Donald…
WASHINGTON, D.C. — The Federal Reserve held interest rates steady Wednesday for the fifth consecutive meeting, but signs of growing division within the central bank emerged as two officials dissented in favor of a rate cut, underscoring increasing uncertainty over the…
WASHINGTON, D.C. — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday. India “is our friend,” Trump said on his Truth…
A new economic study released this month by the National Bureau of Economic Research (NBER) has found that California’s landmark $20-an-hour minimum wage law for fast food workers has resulted in the loss of approximately 18,000 jobs in the state’s fast-food sector—representing a 3.2% decline compared…
Allies of President Donald Trump are pressing for an investigation into the ongoing restoration of the Federal Reserve’s headquarters, costs for which have ballooned to $2.5 billion. Any evidence of mismanagement or fraud, as White House officials have suggested, could prove…
