Economy

  • by:
  • Source: News Week
  • 06/27/2025
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Trump Says He Signed Trade Deal With China, Teases India Agreement

President Donald Trump announced on Thursday, that he has signed a trade deal with China.

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Kroger announces closure of 60 underperforming stores after failed Albertsons merger

Amid plans to shutter 60 stores, Kroger commits to new openings and employee relocations, navigating challenges after the attempted merger with Albertsons.

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Oil prices rise as Israel-Iran conflict heightens fears of supply disruptions

Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.

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Social Security's insolvency date is now a year earlier. Here's how it could impact your benefits

Social Security is on track to deplete its trust funds by 2034, one year sooner than previously forecast, when the federal retirement program will be required to cut monthly benefits by about 20%.

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Credit scores decline for millions as US student loan collections restart

Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection

  • by:
  • Source: AP News
  • 06/11/2025
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Inflation barely rose last month as cheaper gas and cars offset some costlier imports

U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents.

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Musk says Epstein files have been buried because Trump is in them

Elon Musk on Thursday said the files related to the late billionaire and sex offender Jeffrey Epstein have not been made public due to President Trump's presence in the files.

  • by:
  • Source: Yahoo
  • 05/27/2025
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Trump vs. Harvard: President threatens to shift $3 billion in US grants to trade schools

President Donald Trump is continuing his second-term assault on Harvard University with a Memorial Day threat to pull $3 billion in federal grants while signaling an unexpected potential beneficiary if he follows through: America's trade schools.

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Stocks surge in response to U.S.-China tariff news

Major U.S. stock indexes shot up Monday following news of U.S.-China trade deal.

  • by:
  • Source: CNBC
  • 05/13/2025
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Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021

The consumer price index rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation rate at 2.3%, its lowest since February 2021.

  • 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.”