Washington, D.C. – In a decisive step to restore accuracy and transparency to America’s economic reporting, President Donald Trump has nominated E.J. Antoni, a sharp-eyed economist from the Heritage Foundation, to helm the Bureau of Labor Statistics (BLS). This follows…
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President Donald Trump is imposing an additional 25 percent tariff on India, lifting the total rate to 50 percent. Trump, writing in an Aug. 6 executive order, said India’s government is “currently directly or indirectly importing Russian Federation oil.” “Accordingly,…
In an unfolding drama at the intersection of politics and economics, former President Donald Trump is poised to gain new influence over U.S. monetary policy. The early resignation of Fed Governor Adriana Kugler, a Biden appointee, has opened a vacancy on…
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)
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…
In a clash of superhero titans, The Fantastic Four: First Steps has stormed into theaters with an impressive $218 million global box office debut, officially outpacing Superman’s opening weekend by 11%, according to Deadline. The surprise performance is already reshaping the narrative of the…
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…
