Economy

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

WASHINGTON (AP) — U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress. Americans cut their spending by 0.2% in January from... Read More

Nearly 40% of the federal contracts that the Trump administration claims to have canceled as part of its signature cost-cutting program aren’t expected to save the government any money, the administration's own data shows. The Department of Government Efficiency run by Elon... Read More

WASHINGTON — The Trump administration continued Friday with massive layoffs of federal employees as union leaders and congressional Democrats warned that government services are being slashed too severely. President Donald Trump said he hopes to cut the civilian workforce of... Read More

WASHINGTON — President Donald Trump on Thursday directed his incoming commerce and trade chiefs to begin preparing for reciprocal tariffs that will be imposed on adversaries and allies alike that he says have been treating the United States unfairly. As... Read More

WASHINGTON (AP) — Saving the planet is so 2024. Clean energy leaders across the globe are now tailoring their messages to emphasize the greener side of green: wealth-building. It's an idea that sells far better in the new world of... Read More

WASHINGTON (AP) — U.S. employers added just 143,000 jobs last month, but the jobless rate slipped to 4% to start 2025 and the government revised November and December payrolls higher. The first job report of Donald Trump’s second presidency suggested... Read More

WASHINGTON — The number of lawsuits, and outrage among Democrats, continues growing this week against President Donald Trump’s attempts to reorganize government by shutting down agencies and laying off thousands of workers. Some Democrats are saying they will block Trump’s... Read More

NEW YORK (AP) — A new coalition of nonprofits came together overnight to challenge a seemingly sweeping order from the Trump administration last week pausing trillions of dollars in federal funding. They succeeded in blocking that order, at least for now.... Read More

WASHINGTON — President Donald Trump on Monday agreed to pause a 25% tariff levy against Mexico after the nation’s president, Claudia Sheinbaum, agreed to send 10,000 members of her national guard to tighten control of the border with the U.S.... Read More

WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that gross domestic product... Read More

NEW YORK (AP) — Netflix, Oracle and other technology stocks are lifting U.S. indexes Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 was up 0.5% in early trading and on track for its sixth... Read More

DAVOS, Switzlerand (AP) — The U.N. chief ratcheted up his warning about climate change and said the world's thirst for fossil fuels is a “Frankenstein monster" that spares no one, while calling for greater attention to risks posed by artificial... Read More

WASHINGTON — The Biden administration on Tuesday moved to ban medical debt from appearing on credit reports, but it’s still unknown whether the new rule will survive the transfer of power to President-elect Donald Trump 13 days from now. Tuesday’s... Read More

Trading on Wall Street was muted early Wednesday ahead of the latest update on inflation coming out before markets open. Futures for the S&P 500 edged less than 0.1% higher before the bell, while futures for the Dow were off less than... Read More

NEW YORK (AP) — Stocks posted solid gains as Wall Street put the finishing touches on one of its best months of the year. The S&P rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Both indexes closed out... Read More

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. Trump often railed on the campaign trail against hefty price increases for bacon, cereal, crackers and other items. “We’ll get them down,” he... Read More

WASHINGTON (AP) — Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump's presidential election victory. Yet... Read More

LONDON (AP) — The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump's victory in the U.S. presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% in early trading, climbing above $75,000... Read More

WASHINGTON (AP) — America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the... Read More

WASHINGTON — Sixteen attorneys general are asking congressional leaders to take action to prevent price gouging as popular opinion polls show inflation is becoming a major concern of consumers. Rising grocery prices top their list of complaints. Housing is another... Read More

WASHINGTON (AP) — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product... Read More

WASHINGTON (AP) — Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. Yet Friday's report... Read More

HOMESTEAD, Fla. (AP) — Jeremy Ford hates wasting water. As a mist of rain sprinkled the fields around him in Homestead, Florida, Ford bemoaned how expensive it had been running a fossil fuel-powered irrigation system on his five-acre farm —... Read More

RALEIGH, N.C. (AP) — The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. Roy Cooper's administration said Wednesday. The state budget office generated the... Read More