Economy

  • by:
  • Source: US Daily Press
  • 05/08/2025
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US and UK are expected to announce a trade deal that Trump says will cement their relationship

The United States and Britain are expected to announce a trade deal on Thursday that will lower the burden of President Donald Trump’s sweeping tariffs, delivering a political victory for U.K

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Trump says US kids may get ‘2 dolls instead of 30,’ but China will suffer more in a trade war

President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30 dolls,” but he insisted China will suffer more from his trade war.

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US economy slows sharply, shrinking 0.3% in the first quarter, as tariffs weigh

The U.S. economy contracted in the first quarter as President Donald Trump's economic agenda took effect, according to new data released on Wednesday.

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China Faces 245% Trump Tariff

The White House said China is facing up to a 245 percent tariff on imports to the U.S. "as a result of its retaliatory actions," as the trade war between the world's two largest economies continues to heat up.

  • by:
  • Source: Fortune
  • 04/11/2025
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Gold prices are on fire. Here’s why it’s a favorite investment during market volatility

In times of economic collapse, you can count on gold to keep its value. That’s the view of investors known as goldbugs, and during a week when stocks have collapsed and global markets are losing faith in U.S. Treasury bills, their ranks are likely to grow.

  • by:
  • Source: CNBC
  • 04/09/2025
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Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast

Delta Air Lines CEO Ed Bastian called President Donald Trump’s tariffs “the wrong approach.”

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‘New Golden Age Of Global Trade’: Bessent Opens Negotiations With Japan Following Trump’s Tariffs

U.S. Treasury Secretary Scott Bessent was tapped by President Donald Trump on Monday to begin negotiations with Japan after Trump imposed a 24% tariff on the United States trading partner.

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FAA increasing air traffic control staff, supervisors at Ronald Reagan Washington National Airport

FAA to also review 'disproportionately concentrated' arrival rates at DCA

  • by:
  • Source: AP News
  • 04/01/2025
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Trump’s reciprocal tariffs will overturn decades of trade policy

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he is expected to announce Wednesday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.

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US Institute of Peace says DOGE has broken into its building

President Trump targeted the organization and a few others in a Feb. 19 executive order aiming to shrink the federal government

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US inflation cooled in February, but Trump’s tariff plans and trade war loom

Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.

  • by:
  • Source: Fox News
  • 03/11/2025
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Federal judge orders Trump administration to pay 'unlawfully' restricted USAID funds

US District Court Judge Amir Ali, a Biden appointee, said the Trump administration likely exceeded its Constitutional authorities in attempting to block the payments owed to foreign contractors.

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Elon Musk Faces Massive Lawsuit After Menacing Email Ultimatum

Elon Musk sent an email to every federal worker asking them to explain their accomplishments. He got sued instead.

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Senate confirms Kelly Loeffler to lead Small Business Administration

Loeffler said Trump's policies would usher in a 'golden era of prosperity and growth'

  • by:
  • Source: AP News
  • 02/14/2025
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Biden’s EPA issued $20 billion in green grants. Now Trump’s administration wants that money back

In a major reversal, the new head of the Environmental Protection Agency said he will try to rescind $20 billion in grants awarded by the Biden administration for climate and clean-energy projects.

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United Airlines Flight Evacuated Over Engine Issue: 'It's on Fire'

A United Airlines flight was evacuated after an aborted takeoff when passengers noticed a wing was on fire.