Summary Retail sales decline 0.9% in MayCore retail sales increase 0.4% WASHINGTON, June 17 (Reuters) - U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending…

CNN — High economic uncertainy has hiring grinding to a halt at US businesses. Job growth slowed for the second month in a row at private-sector firms, which added just 37,000 jobs in May, according to new employment estimates released Wednesday by payroll company ADP. May’s job gains, which marked…

Last spring, Carmelo Mendez was pruning peach trees in Colorado on a temporary visa, missing his children and wife back home, but excited about how his $17.70 hourly wage would improve their lives. This spring, he’s back in the Mexican state of Tlaxcala frantically searching Facebook for a job on…

The Trump administration is racing to halt a major blow to the president’s sweeping tariffs after a US court ruled they “exceed any authority granted to the president”. A US trade court ruled Donald Trump’s tariffs regime was illegal on Wednesday in a dramatic twist that could block the president’s…

A majority of US companies say they will have to raise their prices to accommodate Donald Trump’s tariffs in the US, according to a new report. More than half (54%) of the US companies surveyed by insurance company Allianz said they will have to raise prices to accommodate the cost of the tariffs.…

WASHINGTON (AP) — President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs. As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those…

Mr. Buffett said at the annual shareholders’ meeting that he wanted to turn over the reins to Greg Abel at the end of the year. Earlier, he criticized Trump’s trade policies. Listen to this article · 8:20 min Learn more Tens of thousands of investors flocked to Omaha on Saturday to hear directly…

From 14 Apr 2025 16.37 EDT Mohsen Mahdawi's location unknown after Ice arrest in Vermont Anna Betts The attorney of Mohsen Mahdawi, a Palestinian green card holder and student at Columbia University who was apprehended by US immigration authorities in Vermont on Monday, said Mahdawi’s whereabouts…

The US Federal Reserve chair, Jerome Powell, warned Donald Trump’s tariffs were generating a “challenging scenario” for the central bank and were likely to worsen inflation. Powell’s comments on Wednesday came US stock markets had already been rattled by a new trade restriction on the chip designer…

The hint of optimism to be found in February's tech jobs numbers? Yeah, it's pretty much gone, according to multiple analyses of the latest data out from the US Bureau of Labor Statistics for March. February's stats from Janco Associates and CompTIA's reports may have sent mixed messages, but March…

Summary One-year consumer inflation expectations at highest level since 1981Rising yields, falling dollar could turn investors away from US assetsMassive uncertainty confronting US economyKashkari says Fed can smooth dislocations, but cannot dictate where long rates settle WASHINGTON, April 11…

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…