News
Ahead of Jobs Report, White House Seeks to Downplay Any Slowdown
1+ hour, 49+ min ago (529+ words) Top White House officials have started trying to downplay a highly anticipated jobs report set for release on Wednesday, insisting that the U.S. economy remains strong even if the data may ultimately show a fresh slowdown in hiring. The source of…...
Trump Aide Gives Jaw-Dropping Excuse for Humiliating Jobs Numbers
1+ hour, 57+ min ago (505+ words) President Donald Trump's trade adviser offered a bizarre pitch for why Americans should actually be happy about the administration's terrible jobs numbers. Since Trump returned to office, the economy has only been adding about 49,000 jobs per month on average, compared…...
Trump’s tariffs take a bit out of Honda with 42% drop in profits for past 9 months
10+ hour, 8+ min ago (375+ words) Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump's tariffs hurt the Japanese automaker's earnings. Tokyo-based Honda Motor Co.'s profit over the three quarters totaled 465.4 billion…...
Trump wants lower mortgage rates. His Fed pick may push the other way.
14+ hour, 13+ min ago (818+ words) President Donald Trump has made housing affordability a centerpiece of his economic agenda, repeatedly emphasizing his desire to see mortgage rates fall. But Trump's choice to lead the Federal Reserve, Kevin Warsh, has spent years criticizing the central bank's enormous…...
Stocks drift higher as gold, silver and bitcoin stabilize
1+ day, 1+ hour ago (743+ words) Stocks drifted higher on Monday following big rallies for markets in Asia earlier in the day. The Standard & Poor's 500 index rose 0.5% and pulled closer to its all-time high set two weeks ago. The Dow Jones industrial average added less than…...
Billionaire Trump Boasts About His Economy While Normal People Panic
1+ day, 12+ hour ago (542+ words) President Donald Trump said he's "very proud" of the economy and claimed to have "fixed" the affordability crisis'even as huge numbers of Americans struggle to pay for food and other basics. "The one thing that they don't say anymore is…...
Skipping Costco for ‘backwards shopping’ may be the trick to slashing your grocery bill
1+ day, 22+ hour ago (621+ words) These days, grocery prices are anything but cheap. In fact, the US Department of Agriculture predicts food prices overall will rise 3% this year. Less than two full months into the year, grocers like Instacart estimates a monthly cost of$363 per…...
How Japan’s Leader Wants to Shape the Economy
2+ day, 20+ hour ago (302+ words) In her first 110 days as prime minister, Sanae Takaichi has already begun to reshape Japan's economy. A snap election being held on Sunday will serve in part as a referendum on whether the public approves of Ms. Takaichi's economic agenda....
Layoffs Under Trump Rocket to Worst January Levels Since Great Recession
5+ day, 2+ hour ago (442+ words) Despite President Trump's claims about a miraculous economy, planned layoffs reached their highest level for January since the Great Recession. New data from Challenger, Gray & Christmas released on Thursday revealed that last month saw more job-cut announcements than in any…...
California job losses slow in January as cuts surge nationwide
5+ day, 11+ hour ago (507+ words) Job cuts surged nationwide in January following large layoffs, but California's losses slowed after a year in which it led the nation in staff reductions. U.S. employers announced 108,435 cuts in January, more than twice the 49,795 during the same month last year…...