News
Oil climbs and stock futures drop as fuel shortages spread while Trump makes series of apocalyptic threats against Iran ahead of
4+ hour, 9+ min ago (570+ words) After stocks notched the first positive week since the U.S.-Israel war on Iran started over a month ago, Wall Street is weighing another round of threats and the latest deadline from President Donald Trump. Futures tied to the'Dow'Jones industrial average…...
Kevin Warsh needs to be confirmed as Fed Chair in order to avoid an economic shutdown
22+ hour, 33+ min ago (927+ words) Kevin Warsh would like to start as Fed chairman yesterday, but his nomination as the head of the central bank remains in limbo. The longer it does, the more the country's economy is at risk. With all that's going on…...
‘Collision of forces’ inching US near ‘recession’ of historic proportions: researcher
1+ day, 9+ hour ago (338+ words) Writer, researcher and columnist John Mac Ghionn issued a dire warning Saturday that the United States was not only inching towards a recession, but one so severe that it may go on to "redefine the word retroactively." "[British historian] Niall…...
The economy can shed jobs and still keep the labor market balanced, as Trump’s immigration crackdown turns breakeven hiring ne
1+ day, 10+ hour ago (500+ words) The most closely watched U.S. economic indicators have turned upside down as President Donald Trump's immigration crackdown sends the labor force into reverse. According to a report from Dallas Fed economists on Tuesday, the breakeven rate of employment growth, or the…...
The job market has been whipsawing from gains to losses for almost a year. Get used to it.
1+ day, 19+ hour ago (469+ words) The job market has been wobbling up and down for almost a year, and it's likely to continue. The US added 178,000 jobs in March after a revised 133,000 loss in February. It extends a peculiar pattern: After revisions, the US has…...
Mr. President, let’s make a deal on tariffs
2+ day, 8+ hour ago (922+ words) Regarding the March 28 letters package "What Trump's tariffs have done to our small businesses: Born in a garage 40 years ago, my company now employs 100 hardworking Mississippians and supplies more than 10,000 retail stores nationwide. My husband and I have spent decades…...
U.S. economy created 178,000 jobs in March, a strong gain for labor market
2+ day, 10+ hour ago (453+ words) Employers added 178,000 jobs in March, notching a strong gain for a vulnerable labor market that faces even more challenges ahead as energy prices soar due to the conflict in Iran. The unemployment rate edged down to 4.3 percent, according to data…...
Strong Jobs Numbers Make the Fed’s Job Easier
2+ day, 14+ hour ago (512+ words) The latest jobs numbers are likely to make the Federal Reserve's job easier, at least for now. For most of last year, the Fed has found itself in wait-and-see mode as it assessed the economic fallout from the sweeping policy…...
We bought a house with a 2.5% mortgage rate a few years ago. Our family’s much bigger now, but moving is not an option.
2+ day, 14+ hour ago (801+ words) In November 2019, my husband and I were looking to buy a house bigger and better than our starter home. Our first place had been a beloved space to start our family, but with three young sons, we'd outgrown it. After…...
The Iran war has forced the Fed back to wait-and-see mode.
2+ day, 14+ hour ago (418+ words) For most of last year, the Federal Reserve found itself in wait-and-see mode as it assessed the economic fallout from the sweeping policy changes imposed by President Trump that rewired global trade and upended the labor market. The U.S.-Israel war…...