Economy and Politics

Corporations should share the wealth with those who help create it.

President Joe Biden on Friday said he’d debate Donald Trump this election cycle, prompting the former Oval Office occupant to propose a faceoff in auto-industry stronghold Michigan.

Economists and other analysts are sounding off after a Wall Street Journal report said some allies of presumptive Republican presidential nominee Donald Trump have proposals to erode the Federal Reserve’s independence.

Consumer sentiment deteriorated near the end of April, according to the latest reading from the University of Michigan.

If Trump is elected president in November, he will face the U.S. government’s growing debt burden. He might try to resolve the issue by defaulting.

As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.

A surprisingly high inflation reading in the first quarter has raised anxiety about whether a key price index in March could be worse than expected and could lower the odds of U.S. interest-rate cuts.

Treasury Secretary Janet Yellen, remains confident the U.S. economy is “on a downward path for inflation” that could enable the Federal Reserve to cut interest rates in the months ahead

The U.S. trade deficit in goods widened 1.7% to $91.8 billion in March, according to the Commerce Department’s advanced estimate released Thursday.

The Supreme Court will hear arguments Thursday by Trump lawyers that the former president is constitutionally immune from prosecution on criminal charges that he conspired to overturn the results of the 2020 election.

Initial jobless claims fell by 5,000 to 207,000 in the week ended April 20, the Labor Department said Thursday.  

The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.

The app has one year to ditch its Chinese ownership before any ban would take effect. TikTok has promised a legal battle.

Orders for U.S. durable goods jumped 2.6% in March, but most of the increase was tied to new autos and passenger planes. Orders barely rose outside of the transportation sector in a sign of ongoing manufacturing weakness.

The Biden administration has rolled out a new regulation that aims to make airlines provide automatic cash refunds to passengers owed such compensation.

Americans showing more skepticism towards affirmative action and open immigration.

A House-passed bill, which the Senate looks poised to OK this week, gives the app a year to ditch its Chinese ownership — otherwise it’s banned nationwide.

The U.S. economy lost some momentum in April, a pair of S&P surveys found, as businesses experienced a decline in new orders and reduced employment for the first time since the pandemic.

Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.

The former president’s lawyers agreed to certain restrictions pertaining to the cash collateral for the bond.