Economy

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7% in June from a... Read More

(AP) — U.S. stocks are down in early trading Friday, pulling the market back from all-time highs, as the Trump administration escalates its tariff threats against Canada. The S&P 500 was down 0.4% a day after setting a record high.... Read More

WASHINGTON (AP) — Sweeping tariffs set to be imposed by President Donald Trump next month may cast a pall over his top diplomat’s first official trip to Asia this week — just as the U.S. seeks to boost relations with Indo-Pacific nations to counter... Read More

The United States is approaching an inflection point, one defined not by a single crisis, but by the confluence of several slowly building threats to its long-term economic and national security. These threats include the growing federal debt that threatens... Read More

(AP) — Wall Street was mixed in quiet trading early Tuesday as markets appeared to shrug off new tariff deadlines for U.S. trading partners. Futures for the S&P 500 added 0.1% before the bell, while futures for the Dow Jones... Read More

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs. Jobless claims for the week ended June 21 dropped 10,000 to 236,000, a historically-low... Read More

WASHINGTON (AP) — The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday. U.S. jobless claims ticked down from 250,000 the week before. Economists had expected last... Read More

WASHINGTON (AP) — The U.S. economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of angst. As the Fed considers its next moves during a two-day meeting this week, most economic data looks... Read More

WASHINGTON (AP) — President Donald Trump is looking to cancel $9.4 billion in spending already approved by Congress. That's just a sliver of the $1.7 trillion that lawmakers OK'd for the budget year ending Sept. 30. The package of 21 budget rescissions will have... Read More

NEW YORK (AP) — Stocks rose on Wall Street Friday following a better-than-expected report on the U.S. job market. The S&P 500 index rose 1.2% in morning trading. The benchmark index remains on track to notch a second consecutive winning... Read More

WASHINGTON (AP) — The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate.... Read More

WASHINGTON (AP) — With the nation's capital facing a pair of overlapping budget crises, D.C. Mayor Muriel Bowser has unveiled a budget proposal that bets heavily on business-friendly policies designed to boost investment and move the city away from dependence on a dwindling... Read More

U.S. futures and global markets slumped Friday after President Donald Trump posted a pair of tariff threats on social media, one aimed at Apple and the other at the European Union. Futures for the S&P 500 and the Dow Jones Industrial... Read More

WASHINGTON (AP) — President Donald Trump is heading to Capitol Hill early Tuesday to seal the deal on his “big, beautiful bill," using the power of political persuasion to unify divided House Republicans on the multitrillion-dollar package that is at risk of collapsing ahead of planned... Read More

WASHINGTON — An exuberant President Donald Trump took the White House equivalent of a victory lap on Thursday as he announced an agreement with the United Kingdom on a trade framework that promises to expand market access for billions of... Read More

Wall Street is poised to open with gains as the Federal Reserve wraps up a two-day policy meeting where it will almost certainly leave interest rates unchanged despite pleas from President Donald Trump for a rate cut as he pursues a worldwide trade war. Futures... Read More

NEW YORK (AP) — U.S. stocks are sinking Monday as investors pull away from the United States because of the uncertainty caused by President Donald Trump’s trade war and his criticism of the Federal Reserve. The S&P 500 was 1.2% lower in... Read More

WASHINGTON (AP) — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader's "termination cannot come fast enough.” Trump hinted at moving... Read More

WASHINGTON (AP) — Manufacturers struggling to make long-term plans. Farmers facing retaliation from Chinese buyers. U.S. households burdened with higher prices. Republican senators are confronting the Trump administration with those worries and many more as they fret about the economic... Read More

Wall Street is pointing toward major losses Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Donald Trump will slow global economic growth. European and Asian shares are tumbling sharply, while the leading U.S. index briefly... Read More

NEW YORK (AP) — Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was... Read More

NEW YORK (AP) — Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it. The S&P 500 was down 3.3% in early... Read More

Wall Street followed global markets lower early Monday ahead of the Trump administration's latest tariff rollout later this week. Futures for the S&P 500 sank 1.2%, while futures for the Dow Jones Industrial Average dropped 0.7%. Futures for the Nasdaq,... Read More

NEW YORK (AP) — Wall Street is getting pulled in different directions on Thursday as President Donald Trump’s latest tariff escalation pushes some automakers downward, while encouraging data on the economy helps support the market. The S&P 500 was virtually unchanged in morning trading... Read More

U.S. markets traded modestly lower before the bell Tuesday and ahead of the first of a two-day Federal Reserve meeting on where to go with interest rates. Futures for the S&P 500 and Dow Jones industrials both slipped 0.3% in... Read More

NEW YORK (AP) — U.S. stocks are rallying Friday, but nowhere nearly by enough to keep Wall Street from a fourth straight losing week, which would be its longest such streak since August. The S&P 500 was 1.1% higher in early... Read More

NEW YORK (AP) — The U.S. stock market is drifting in early trading, even after getting a double-shot of encouraging news on the economy. The S&P 500 was off 0.2% in early trading Thursday after President Donald Trump upped the... Read More

WASHINGTON (AP) — President Donald Trump said Tuesday that he would double his planned tariffs on steel and aluminum from 25% to 50% for Canada, a retaliation that prompted the provincial government of Ontario to back down on its planned... Read More

WASHINGTON — Cryptocurrency industry leaders gathered at the White House Friday for a first-ever meeting with President Donald Trump and Treasury Department officials on how to leverage bitcoin and other blockchain investments as national assets. They are asking for new... Read More

WASHINGTON (AP) — U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald threatens a trade war, purges the federal workforce and promises to deport millions of immigrants. The Labor Department reported Friday that hiring was up from... Read More