News
Wall Street sinks as Trump threatens 8 European countries with tariffs over Greenland
2+ hour, 19+ min ago (852+ words) Stocks slumped on Wall Street Tuesday after President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland. The losses were widespread, with nearly every sector losing…...
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman
1+ week, 1+ day ago (239+ words) Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman of the tech giant. Powell McCormick previously served on Meta's board of directors " where, the company notes, she…...
Last year's odd economy and what to watch for in 2026
2+ week, 2+ day ago (924+ words) There is growing concern about the strength of the United States economy as the jobless rate moves higher. Scott Budman reports. The economy in 2025 was filled with contradictions, as growth was healthy while hiring slowed, inflation stayed elevated and unemployment…...
Consumer confidence slides in December to lowest level since tariffs rolled out
4+ week, 12+ hour ago (261+ words) During a press Q&A on Monday, President Donald Trump said he'll pay Americans $2,000 dividends from tariff revenue, a proposal that administration officials said was not being formally sent to the Senate. Consumers were less confident in the economy in…...
Why homeownership in California no longer is a financial slam dunk
1+ mon, 1+ day ago (869+ words) It's the benchmark of success, a milestone of responsible adulthood, a time-tested way to amass wealth for you and your progeny. Homeownership, we're told again and again, is a status that every right-thinking person should aspire to " the white-picket-fence-fronted embodiment…...
U.S. gained 64,000 jobs in November but lost 105,000 in October; unemployment rate at 4.6%
1+ mon, 3+ day ago (887+ words) The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6% last month, highest since 2021. The November…...
What the Federal Reserve rate cut means for you
1+ mon, 1+ week ago (679+ words) The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a…...
Federal Reserve prepares to cut interest rates for a third time this year
1+ mon, 1+ week ago (682+ words) The Federal Reserve on Wednesday cut its benchmark interest rate by a quarter-point for the second time this year. The Federal Reserve is expected to lower interest rates Wednesday for the third time this year. Traders overwhelmingly expect a relatively…...
Why shoppers are getting surprise tariffs this holiday season
1+ mon, 2+ week ago (1007+ words) If you order products from abroad this holiday season, you could end up with an unwanted surprise: a pricey tariff bill. This is the first holiday shopping season since the Trump administration made a major change to customs rules, extending…...
U.S. employers added surprisingly solid 119,000 jobs in September, government says in delayed report
2+ mon, 13+ hour ago (647+ words) The monthly jobs report is released on the first Friday of every month. Here is what you need to know. U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed…...