Trump 'not planning' to fire Fed Chair Jerome Powell, despite reports
President Trump denied reports that he plans to fire Fed Chair Jerome Powell, but he continued to sharply criticize the head of the central bank.
June CPI inflation report: Which prices changed the most last month
Inflation in the U.S. rose last month to its highest level since February, reversing several months of cooling prices. Here's a look at what prices changed the most.
Trump threatens 35% tariff on Canadian goods over dangerous cross-border fentanyl dispute
President says additional tariff on imports will go into effect Aug. 1.
Trump announces 25% tariffs on Japan and South Korea
The president warned both countries that if they retaliate with their own tariffs, the U.S. would further increase import taxes.
Oil prices could spike amid US strikes on Iran nuclear sites. What we know
Oil prices may change after the United States’ involvement in the Israel-Iran war. Some experts warn that possible retaliation by Iran could interrupt the influx of crude oil, which may harm global economies.
Feds make decision on interest rates: What to know
Federal Reserve officials expect inflation to worsen in the coming months but they still foresee interest rate cuts by the end of this year.
Trump tariffs likely to raise appliance prices, experts say
Prices for major appliances jumped in May, and new tariffs backed by President Donald Trump are expected to push them even higher as manufacturers face rising costs for foreign-made materials.
THE INTERVIEW: Trump's Big Beautiful Bill: Can the US keep borrowing? There’s always a price
With the U.S. House narrowly passing the "Big Beautiful Bill" a sweeping proposal to extend tax cuts and curb federal spending, lawmakers are once again betting that economic growth will outpace the nation’s ballooning debt.
THE INTERVIEW: Can the U.S. grow its way out of debt? Economist skeptical of Trump's big bill
The national debt stands at more than $36 trillion, and interest payments alone topping $1 trillion last year, the question of whether America can grow its way out of debt has taken center stage.
US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Employers have announced nearly 80,000 planned hires in 2025 so far, though that's a historically low pace compared with recent years.
Procter & Gamble cutting up to 7,000 jobs amid tariffs, consumer uncertainty
Procter & Gamble, the maker of Tide detergent and Pampers diapers, says it will cut up to 7,000 jobs over the next two years.
Detroit Grand Prix: Downtown businesses cashing in during busy event week
It has been a busy week for the Motor City after thousands of people were downtown for the Movement Festival, and now thousands are expected for the Detroit Grand Prix.
Child care cost the most in these states in 2024, analysis found
The steep cost of child care in America is weighing on parents all over the country, but those in these particular states were found to feel the pinch the most.
Trump delaying 50% tariff on European Union
The president said Sunday he’s agreed to delay a 50% tariff on the EU that he threatened last week, after saying negotiations with the commission were “going nowhere.”
Trump calls for 50% tariff on EU imports starting June 1
President Trump called for a “straight 50%” tariff on all imports from the European Union after complaining on social media that trade talks are “going nowhere.”
Walmart to lay off 1,500 employees after announcing price hikes
Walmart is restructuring its operations and cutting about 1,500 jobs as part of its new plan.
Trump tells Walmart: ‘Eat the tariffs’
President Trump lashed back at Walmart over the weekend after the retail giant said it would be increasing prices to combat his tariffs.
Walmart raising prices due to tariff costs: What we know
Walmart says it will raise prices to counter higher costs from President Donald Trump’s tariffs, despite strong quarterly sales.
Microsoft to lay off about 3% of its workforce
Microsoft announced a round of layoffs this week that will affect thousands of employees.
April CPI inflation report: Egg prices decline for first time in months
Eggs got cheaper in the U.S. last month after setting records at the start of the year, according to April's CPI inflation report. Here's how some other grocery items fared.