News
Contributor: Four fallacies behind President Trump’s latest tariffs
2+ hour, 42+ min ago (916+ words) Within hours of the Supreme Court ruling that the White House's widespread "emergency" tariffs were illegal, President Trump moved to install 10% across-the-board tariffs under a different alleged authority. He later said he would raise that rate to 15% and delivered a…...
Consumer confidence improved in February amid recession fears
2+ day, 4+ hour ago (344+ words) The American consumer's confidence in the U.S. economy improved slightly in February after cratering a month earlier. The Conference Board said Tuesday that its consumer confidence index rose to 91.2 in February from an upwardly revised 89 last month. A measure of Americans…...
Newsom and Trump have vowed to crack down on corporate homebuying. A new bill aims to curb it
2+ day, 9+ hour ago (989+ words) In a rare moment of political alignment last month, Gov. Gavin Newsom and President Trump vowed to crack down on corporate homebuying. Now, a new bill aims to make it a reality. AB 1611, introduced by Assemblymember Matt Haney (D-San Francisco)…...
Why economists are deeply skeptical of Trump's new tariff justification
3+ day, 2+ hour ago (1164+ words) With his move to impose new global tariffs, President Trump isn't just trying to repair a trade policy dismantled by a Supreme Court rebuke. He's also declaring the world's largest economy is facing a profound balance-of-payments crisis. The potential problem…...
Economic growth slowed last quarter, dragged by government shutdown and consumer pullback
3+ day, 2+ hour ago (860+ words) Economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product " the total output of goods and services " increased…...
Global leaders and businesses react to more U.S. tariff swings
4+ day, 23+ hour ago (850+ words) SEOUL'Governments and companies around the world scrambled Saturday to determine the impact of the U.S. Supreme Court ruling that struck down most of President Trump's sweeping tariffs and his response with a new round of import taxes. The latest twist in…...
Tariffs paid by midsized firms tripled over the past year
1+ week, 7+ hour ago (426+ words) Tariffs paid by midsized U.S. businesses tripled over the course of last year, new research tied to one of America's leading banks showed on Thursday " more evidence that President Donald Trump "s push to charge higher taxes on imports is causing…...
Stocks Slip on Geopolitical Tensions, Mixed Earnings
1+ week, 16+ hour ago (39+ words) From the NYSE, the Dow, Nasdaq, S&P 500, and Russell 2000 are modestly lower Thursday as investors digest heightened U.S.-Iran tensions and mixed reports from Walmart, Wayfair, DoorDash, and other ... Stocks Slip on Geopolitical Tensions, Mixed Earnings...
Stocks edge higher after swinging through worries about AI and the economy
1+ week, 1+ day ago (740+ words) A quiet finish for the U.S. stock market on Tuesday masked big swings underneath the surface as companies talked about how discouraged their customers are feeling and some tech stocks continued to feel the downside of the artificial-intelligence boom. The Standard…...
How Chipotle lost its sizzle
1+ week, 6+ day ago (1037+ words) Chipotle Mexican Grill, the Newport Beach-based chain known for its bursting burritos and lunch bowls, just finished its worst year ever. Its same-store sales declined last year for the first time since going public two decades ago. The downturn reflects…...