Donald Trump’s global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair Jerome Powell has warned, defying the US president’s demands for an immediate interest rate cut. While the US economy remains robust, Powell cautioned that there is high uncertainty over…

‌ Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!In April 2025, while most of the world was clutching pearls over trade war tit-for-tat tariffs, China calmly walked over to the supply chain and yanked out a handful of critical bolts. The bolts are made of…

Egg prices have got a lot of attention in recent months as avian flu made this staple a luxury for US households. But the trend of food inflation in the US is a longstanding one. Since January 2005, egg prices have grown 310%, from $1.21 a dozen to nearly $5 a dozen, according to data from the…

The first major set of economic reports last week reflect the state of the United States economy during President Donald Trump’s first full month in office. The data reveal a spike in layoffs and slower hiring growth across both the public and private sectors, with looming cuts suggesting larger…

From 14 Mar 2025 21.03 EDT 'Slap in the face': AOC condemns Schumer over plan to vote yes on Republican funding bill Several Democratic lawmakers have reacted to Chuck Schumer’s statement that he will vote to advance a partisan Republican bill to avert a government shutdown, which includes cuts to…

Donald Trump’s tariff threats have made the US “a scary place to invest” and may unleash stagflation, the Nobel prize-winning economist Joseph Stiglitz has said. “It risks the worst of all possible worlds: a kind of stagflation,” Stiglitz said in an interview with the Guardian. He argued that…

US job growth stable as government cuts start 7 March 2025 Natalie ShermanBBC News Getty Images US President Donald Trump's cuts to the government workforce have started to hit, but overall hiring last month remained stable as growth in other sectors offset those losses. The Labor Department said…

American consumers could soon face higher costs for a range of consumer products after President Trump's tariffs on Canada, Mexico and China went into effect on Tuesday. The 25% tax on imports from Canada and Mexico, plus an additional 10% tax on imports from China, will drive up the costs of an…

On Friday, Americans across the country are participating in an economic boycott for 24 hours. Organized by the People’s Union USA, a nonpartisan, grassroots organization, the boycott quickly picked up steam across social media, with thousands of users sharing posts with related hashtags.…

It sounds too radical to even warrant a second thought. That President Donald Trump could force some of the US’s foreign creditors to swap their Treasuries into ultra long-term bonds to ease the country’s debt burden. And yet, that’s what Jim Bianco corralled his clients to discuss on Thursday after…

Summary Trump's tariffs fuel low growth fears on top of inflationFund managers' stagflation expectations rise, survey showsSome remain optimistic tariff hit on growth would be temporaryAnalysts warn about complacency towards Trump policies Feb 20 (Reuters) - Stubborn inflation and President Donald…

Trump offers incentives to US federal workers to quit jobs 29 January 2025 Madeline HalpertBBC News Getty Images The email from the Trump administration says federal workers who take the offer will receive pay until September US President Donald Trump has offered federal workers the option to resign…

Federal Reserve officials decided on Wednesday to hold interest rates steady as uncertainty over Donald Trump’s impact on the US economy looms and inflation remains above the central bank’s target levels. This is the first time Fed policymakers have met since the president, who has made clear he…

Donald Trump has vowed to impose sweeping tariffs on Canada, Mexico and China starting this weekend, potentially setting the stage for a damaging trade war between the US and three of its biggest trading partners. Trump also threatened to follow up with a further wave of tariffs against the European…

Trump to hit Canada, Mexico and China with tariffs on Saturday 31 January 2025 Peter HoskinsBusiness reporter Watch as leaders of US, Canada and Mexico trade warnings over tariffs US President Donald Trump will impose tariffs on Saturday of 25% on Mexico, 25% on Canada and 10% on China, says the…

Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years. Applications for jobless benefits rose by 6,000 to 223,000 for the week ending January 18, the Labor Department said…

Donald Trump’s return to the White House on Monday has the world economy on tenterhooks. Could the 47th US president govern broadly as he did last time, when his most extreme threats were ultimately softened? Or is this time different? UK economy could be especially at risk from Trump’s tariff war,…

habryka Hey Everyone! As part of working on dialogues over the last few weeks I've asked a bunch of people what kind of conversations they would be most interested in reading, and one of the most common one has been "I would really like to read a bunch of people trying to figure out how to construct…

On the Chinese internet, the country’s current predicament – slowing economic growth, a falling birthrate, a meagre social safety net, increasing isolation on the world stage – is often expressed through buzzwords. There is or “lying flat”, a term used to describe the young generation of Chinese who…

Summary New claims in line with average over past yearContinued claims hit highest in 3 years but not showing signs of spikingUnemployment duration has been grinding up as hiring slows Dec 26 (Reuters) - The number of Americans filing new applications for jobless benefits dipped to the lowest in a…

The US Federal Reserve cut interest rates on Wednesday, but suggested it would make fewer rate cuts than expected in 2025 amid questions over its fight to bring down inflation across the world’s largest economy. Jerome Powell, the Fed chair, said inflation had been “stubborn”, but insisted the…

Summary Tariffs could lead to produce shortages as well as price hikes, experts warnMexico and Canada are top suppliers of US agricultural importsTariffs may disrupt cattle and pork trade between US, Mexico, and Canada WASHINGTON/REGINA, Saskatchewan, Nov 26 (Reuters) - U.S. prices may rise next…

Alejandra Palma lives in perpetual fear of the next storm. “We are constantly checking the weather,” said Palma, who co-owns Root Hill Cafe in Brooklyn’s low-lying Gowanus neighborhood. “If we see that there’s a hurricane in Florida, it’s like, oh my God, please let it not come here.” Last…

Share CalMattersPublished Dec. 25, 2023 • 11:00am California is ending the year facing a multitude of economic challenges, including a budget deficit, flat tax revenue, sluggish job growth and massive unemployment insurance debt. The state’s budget surplus turned into a $32 billion deficit in 2023—a…

Record heat, record emissions, record fossil fuel consumption. One month out from Cop28, the world is further than ever from reaching its collective climate goals. At the root of all these problems, according to recent research, is the human “behavioural crisis”, a term coined by an…

DALLAS, Feb 28 (Reuters) - Wendy's has no plans to raise menu prices during peak demand, the company said on Wednesday, days after comments from its CEO that the burger chain would start testing "dyna

Credits Nathan Gardels is the editor-in-chief of Noema Magazine. He is also the co-founder of and a senior adviser to the Berggruen Institute. TOKYO — Decades after the supposed end of Japan’s “lost years,” the country remains on the cusp of degrowth. Its GDP expanded by a mere annualized rate of…

The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continuing permanent war, research has found. A 1C increase in global temperature leads to a 12% decline in…

'Didn't know whether to laugh or cry': CNN's Richard Quest calls out Wayfair CEO 01:16 - Source: CNN 'Didn't know whether to laugh or cry': CNN's Richard Quest calls out Wayfair CEO 01:16 New York CNN — Wayfair’s CEO has an end-of-year message for employees of the online furniture company: Don’t shy…

The rise of GLP-1 drugs is driving consumer-staple stocks lower as patients eat less food. PepsiCo, Coca-Cola, Walmart, and Costco have been slammed on the prospect of less food demand. Walmart's US CEO said he'd already seen patients using GLP-1 drugs buy less food at the retailer. Consumer-staple…

Explore More Natural alternative to Ozempic made mice eat up to 50% less — without side effects We went blind after using weight-loss drugs like Ozempic and Mounjaro I love my new Ozempic body and I’d take the shots all over again — but there’s one unsettling downside The proliferation of…

Jul 9, 2024 - Business Emily Peck Data: Moody's; Note: Data covers vacancy rates in Tier 1 metro areas; Chart: Axios Visuals Office vacancy rates reached a record 20.1% in the second quarter — the highest since at least 1979, when Moody's began tracking. Why it matters: Typically vacancy rates rise…

The US added just 12,000 jobs in October, the last snapshot of the employment market before election day, in a report heavily affected by the strike at Boeing and two recent hurricanes. The unemployment rate was unchanged at 4.1%. The closely watched jobs report is the last piece of economic news…

Bar chartAmerican employers added 254,000 jobs last month in the penultimate jobs report before the US election, defying fears of a slowdown in the labor market. Job creation unexpectedly accelerated in September, while the headline unemployment rate slipped to 4.1% from 4.2% in August. Kamala…

Ten of the busiest ports in North America are at risk of shutdown next week, as a leading union warns that 45,000 workers stand ready to walk off the job if industry operators fail to make key concessions. The International Longshoremen’s Association (ILA) has accused the United States Maritime…

US employers added 142,000 jobs last month, the labor department announced on Friday, in one of the year’s most closely watched economic news releases. The release comes as the US Federal Reserve prepares to cut interest rates for the first time since March 2020, and November’s election puts a…

Elysia Berman remembers the moment she realized her shopping was out of control. Last December, she ducked into a store to buy a pair of gloves. And she came out with a $600 coat she didn't need and couldn't afford. "That was my breaking point," she recalls. Berman, 35, knew she had an unhealthy…

Summary Consumer spending increases 0.5% in JulyPCE price index rises 0.2%, advances 2.5% year-on-yearCore PCE inflation gains 0.2%; up 2.6% year-on-yearPersonal income climbs 0.3%; saving rate falls

US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s…

US job growth was probably far less robust in the year through March than previously reported, keeping pressure on the Federal Reserve to cut interest rates next month. The number of workers on payrolls will likely be revised down by 818,000 for the 12 months through March — or around 68,000 less…