Another wipeout is slamming Wall Street Friday as worries build about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
It's unclear whether the United States can sustain that growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally.
FRANKFURT, Germany (AP) -- European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the U.S. import tax on cars as a heavy burden that will punish consumers and companies alike ...
The Conference Board's report Tuesday said that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2 - the lowest reading in 12 years.
Egg prices have soared to new records over the last couple of months. The wholesale price for a dozen white eggs climbed to over $8 in February. Since then, that price has dropped but the prices consumers pay at the grocery store are still high. ...
The Trump administration's tariffs on imported goods from Canada, Mexico and China -- some already in place, others set to take effect in a few weeks -- are already driving up the cost of building materials used in new residential construction and .. ...
Ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment.
US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.
In our news wrap Friday, the Senate advanced a bill by the GOP-led House that would fund the government through the end of September, the FAA announced permanent restrictions on non-essential helicopter flights around Washington's National Airport .. ...
President Trump and Elon Musk have cast doubt on whether the U.S. gold reserves stored at Fort Knox still exist. Treasury Secretary Scott Bessent insists the gold is safe. The conversation led our digital anchor Deema Zein to dig deeper with ...