News
DOJ Confirms Antitrust Probe of Beef Processors - TT
2+ hour, 30+ min ago (307+ words) The U. S. Justice Department confirmed it was investigating potential antitrust violations in the meatpacking industry amid soaring domestic beef prices and a shrinking cattle herd. Acting Attorney General Todd Blanche declined to provide additional details about the probe, but said the…...
US Manufacturing Holds Up as Costs Gauge Hits Four-Year High - TT
3+ day, 4+ hour ago (305+ words) This year's U. S. manufacturing expansion extended into April even as the Iran war drove input prices sharply higher. The Institute for Supply Management's gauge of prices paid for manufacturing inputs climbed for a fourth straight month to a four-year high of…...
Spike in Fuel Prices Pushes Inflation Up Sharply - TT
3+ week, 3+ day ago (743+ words) WASHINGTON " The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the'inflation fighters'at the Federal Reserve and heightening the political challenges of rising costs for the White House....
US Import Prices Jumped by the Most Since 2022 Ahead of War - TT
1+ mon, 1+ week ago (217+ words) The cost of imports into the U. S. jumped in February by the most in nearly four years, reflecting a broad pickup in prices even before war in the Middle East. Import prices increased 1. 3% from the prior month, Labor Department data showed…...
Key Inflation Gauge Jumps to Highest Level in 3 Years - TT
4+ day, 6+ hour ago (283+ words) WASHINGTON " A key inflation measure jumped in March as gas prices'soared, the latest sign that the Iran war is pushing up the cost of living and delaying any'interest rate cuts'by the Federal Reserve. An inflation gauge monitored by the Fed…...
GDP Grows 2% in Q1, Recovering From Federal Shutdown - TT
4+ day, 6+ hour ago (228+ words) WASHINGTON " The U. S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall's 43-day federal government shutdown. But the outlook is clouded by the'Iran war. Growth in'consumer spending, which accounts for…...
Consumer Sentiment Drops to Record Low - TT
3+ week, 3+ day ago (379+ words) U. S. consumer sentiment fell in recent weeks to a record low, indicating Americans" increasing worries about mounting inflation due to the Iran war. The preliminary April sentiment index slumped to 47. 6 from 53. 3 in March, according to the University of Michigan data out…...
Trump Pursues Durable Tariffs After Supreme Court Rebuff - TT
6+ day, 7+ hour ago (932+ words) WASHINGTON " When the Supreme Court killed his favorite tariffs in February, President Donald Trump promptly rolled out temporary import taxes to replace them. But those stopgap levies expire in less than three months. Now the administration is scrambling to put…...
CBO: Tariff Policy Shifts Could Add $1. 1 Trillion to Deficit - TT
6+ day, 22+ hour ago (288+ words) Recent shifts in U. S. tariff policy may add $1. 1 trillion to federal budget deficits over a 10-year period, though exact calculations aren't yet possible, according to the director of the nonpartisan Congressional Budget Office. "We haven't gotten to a point at which…...
Trump Encourages Companies Not to Seek Tariff Refunds - TT
1+ week, 6+ day ago (333+ words) President Donald Trump said he'd remember companies that decline to seek refunds on duties paid after the Supreme Court struck down a large swath of his tariffs." "It's brilliant if they don't do that," Trump said April 21 on CNBC in…...