News
Spending power grew in 9 states
2+ hour, 23+ min ago (91+ words) (CNN)" Most Americans have lost spending power in the past five years. That's not news to most people. But here's the interesting thing, nationally pay rose by 18% between 2020 and 2024 while inflation went up 21%. But, where you live can significantly impact…...
US stocks dip and gold swings as markets react to Trump's choice to lead the Federal Reserve
3+ day, 8+ hour ago (619+ words) The early reactions have been uneasy and sometimes quick to change because of the uncertainty. U.S. stocks fell modestly, with the S&P 500 down 0.2%. The Dow Jones Industrial Average was down 111 points, or 0.2%, as of 10:15 a.m. Eastern time, and the Nasdaq composite…...
US stocks climb again after Trump calls off his tariffs for Greenland
1+ week, 4+ day ago (495+ words) The S&P 500 rose 0.4% and added to its'big gain from Wednesday, when Trump said he had reached "the framework of a future deal with respect to Greenland" and called off'10% tariffs on European countries'that he said opposed his having'the Arctic…...
Wall Street rises after Trump says he won't use force to take Greenland
1+ week, 5+ day ago (508+ words) The S&P 500 climbed 0.7% after'Trump said in a speech'before business and government leaders in Europe that he would not use force to take "the piece of ice." The potential de-escalation in rhetoric around Greenland helped the index recover some of…...
Wall Street slumps and Europe stocks sink as Trump threatens tariffs on 8 NATO members
1+ week, 6+ day ago (336+ words) The S&P 500 fell 1.5%, pulling back further from the record it set early last week. It was the first time U.S. markets could react to the escalation from Trump, as they were closed on Monday for Martin Luther King Jr. Day....
Americans are paying more for cars
2+ week, 6+ hour ago (84+ words) (CNN)" The average cost of a new car is at a record high. It's around $50,000, according to Edmunds and Kelley Blue Book. No new models under $20,000 remain on the market. The cost to import cars and auto parts is 25% more…...
Inflation picked up speed in November
2+ week, 5+ day ago (84+ words) (CNN)" Inflation picked up for U.S. producers in November. The U.S. Bureau of Labor Statistics says rising energy prices largely fueled the .2% jump from October. November's numbers came late due to delays from the government shutdown in 2025. October data also show the…...
China's trade surplus surges 20% to a record $1.2 trillion, even with Trump's tariffs
2+ week, 5+ day ago (666+ words) China's'exports rose 5.5% for the whole of last year to $3.77 trillion, customs data showed, as Chinese automakers and other manufacturers expanded into markets across the globe. Imports flatlined at $2.58 trillion. The 2024 trade surplus was over $992 billion. In December, China's exports climbed…...
Inflation cooled slightly in December though it remains above Fed's target
2+ week, 6+ day ago (791+ words) Consumer prices rose 0.3% in December from the prior month, the'Labor Department said Tuesday, the same as'in November. Excluding the volatile food and energy categories, core prices rose 0.2%, also matching November's figure. Increases at that pace, over time, would bring inflation…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
3+ week, 9+ hour ago (732+ words) The move represents an unprecedented escalation in President Donald Trump's battle with the Fed, an independent agency he has repeatedly attacked for not cutting its key interest rate as sharply as he prefers. The renewed fight will likely rattle financial…...