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Paul WisemanInc.com |
It's possible Trump's reciprocal tariff threat could bring other countries to the table and get them to lower their own import taxes.
The tariffs will likely drive up costs for American companies that use the metals, such as automakers, construction firms and beverage makers that...
TD Economics notes that average U.S. car prices could rise by around $3,000, at a time when the average new car already goes for nearly $49,000.
New CEO Adrian Hallmark blamed the timing of new model launches, supply chain disruptions and a weaker economy in China for Aston Martin's rising...
The contract calls for a 62% pay hike over six years that would lift hourly wages at the top of the union pay scale from $39 an hour to $63 an hour.
Lutnick will likely to spend a lot of time managing the president's aggressive plans to impose import taxes on U.S. trading partners, including allies...
President Trump's plans, however, threaten to rekindle inflation.
The Budget Lab at Yale University estimates Trump's tariffs would cost the average American household $1,000 to $1,200 in annual purchasing power.
U.S. longshoremen reached a contract agreement with ports and shippers, averting a potential strike that could have damaged the American economy.
Paul Ashworth of Capital Economics spoke recently about what will happen to the economy under Trump.
Thursday's report was the Commerce Department's third and final look at third-quarter GDP.
The average unemployed American last month had been out of work for 23.7 weeks, the longest such stretch in 2 1/2 years.
The jobs report also revised down gains in August and September by a combined 112,000, indicating that the labor market wasn't quite as robust then...
Blocking China's high-tech ambitions is one of the few issues that enjoys broad support in Washington from both Republicans and Democrats.
The IMF expects China's economic growth to slow from 5.2% last year to 4.8% this year and 4.5% in 2025.
Appearing before a friendly audience at the Economic Club of Chicago, the Republican presidential nominee repeatedly asserted that tariffs are...
They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a voice in the Federal Reserve's...
In its report Friday, the Labor Department also revised up its estimate of job growth in July and August by a combined 72,000.
Biden has said, though, that he won't intervene in the strike.
The Labor Department reported Tuesday that employers posted 8 million vacancies in August, up from 7.7 million in July.
“Tariffs are the greatest thing ever invented,’’ Trump said this month in Flint, Mich.
The job market is in an unusual place right now.
The pace of hiring has slowed, and landing a job has become harder.
The technology might turn out to be more like breakthroughs of the past — the steam engine, electricity, the Internet: That is, eliminate some jobs...
The U.S. economy grew last quarter at a healthy 3% annual pace, an upgrade of an initial estimate, while corporate profits hit a record high.
Americans' spirits are an important gauge for whether they're in the mood to shop; spending accounts for about 70% of U.S. economic activity.
The finance and information sector lost jobs as the construction sector grew.
"The labor market is now slacker and slower than before the pandemic, and the pace of hiring is the slowest it has been since 2014, outside of the...
Inflation continued to ease as consumer spending held up, bringing the Fed closer to a likely interest-rate cut in September.
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