News
Cooling inflation doesn't mean tariffs were harmless
2+ hour, 34+ min ago (520+ words) President Donald Trump announces new tariffs at the White House on April 2, 2025. Credit: AP/Mark Schiefelbein It may not have caused a recession or a widespread inflation spike " as a few Cassandras predicted " but it has still hit small businesses…...
Consumer confidence on Long Island drops as grocery and housing prices go up
1+ day, 14+ hour ago (510+ words) More than 7 in 10 Long Islanders said grocery prices, housing costs'and utility bills were having either a very serious or a somewhat serious impact on their finances in November. Credit: Randee Daddona Long Isl'and consumers are more pessimistic about their immediate…...
Trump pressures Iran with tariffs that could raise prices in the US
2+ day, 22+ hour ago (511+ words) Shops are closed during protests in Tehran's centuries-old main bazaar, Iran, Tuesday, Jan. 6, 2026. Credit: AP/Vahid Salemi WASHINGTON " President Donald Trump has once again drawn his go-to diplomatic weapon " tariffs, this time to coerce the Iranian government to end its…...
Attacking Powell only undercuts Trump's goals
3+ day, 34+ min ago (370+ words) A video of Federal Reserve Chairman Jerome Powell responding to the Justice Department's criminal investigation against him plays on a screen on the floor of the New York Stock Exchange on Monday. Credit: AP/Richard Drew If President Donald Trump…...
Stocks hold near their records after inflation data leaves the door open for rate cuts
3+ day, 14+ hour ago (680+ words) Trader Robert Finnerty Jr., foreground, works with colleagues on the floor of the New York Stock Exchange, Monday, Jan. 12, 2026. Credit: AP/Richard Drew U.S. markets inched slightly lower before the opening bell Tuesday as investors pore over the first big earnings…...
Consumer prices likely stayed elevated in December as data recovers from shutdown
3+ day, 19+ hour ago (455+ words) WASHINGTON " Inflation likely remained elevated last month as the cost of electricity, groceries, and clothing may have jumped and continued to pressure consumers' wallets. The Labor Department is expected to report that consumer prices rose 2.6% in December compared with a…...
Americans are right to be worried about the labor market
4+ day, 34+ min ago (136+ words) Americans are extremely dissatisfied with how things are going on the economic front. Americans are really worried about the job market of the near future. Credit: AP/Jeff Chiu This column reflects the personal views of the author and does…...
DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence
4+ day, 3+ hour ago (1218+ words) Federal Reserve Chairman Jerome Powell, right, and President Donald Trump look over a document of cost figures during a visit to the Federal Reserve, July 24, 2025, in Washington. Credit: AP/Julia Demaree Nikhinson WASHINGTON " The Trump administration's criminal investigation of Federal…...
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman
4+ day, 7+ hour ago (273+ words) FILE Former counselor to the President of the United States Dina Powell McCormick smiles during the Women's Global Development and Prosperity (W-GDP) Initiative Roundtable, Sept. 23, 2019, in New York. Credit: AP/Sarah Stier NEW YORK " Facebook owner Meta has named Dina…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
4+ day, 18+ hour ago (806+ words) Federal Reserve Chairman Jerome Powell, right, and President Donald Trump look over a document of cost figures during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. Credit: AP/Julia Demaree Nikhinson WASHINGTON " Federal Reserve Chair Jerome Powell said…...