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Economy
US gained over 1,000 new millionaires daily in 2024, report says
The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global…
Trump calls for 3-point interest rate cut after June inflation data released
President Donald Trump on Tuesday said consumer prices are lower and that the Federal Reserve…
Treasury Sec Bessent says Trump admin focusing on Main Street
Treasury Secretary Scott Bessent said that despite the success of Wall Street in recent years,…
Walmart, Delta Air Lines face tariff challenges
Walmart has pulled its guidance for operating income in the first quarter, while Delta Air…
Trump says he’s raising China tariffs further, pausing reciprocal tariffs for others
The tariff tit-for-tat between the U.S. and China escalated again Wednesday, with President Donald Trump…
Kimbal Musk, brother of Elon Musk, publicly blasts Trump’s tariffs
The brother of Elon Musk, Kimbal Musk, blasted President Donald Trump’s new tariff policies in…
Scott Bessen issues a warning to China over currency moves
Treasury Secretary Scott Bessent said Wednesday that he doesn't see any systemic issues with the…
European Union hitting US imports with retaliatory tariffs
The European Union on Wednesday announced the approval of retaliatory tariffs on billions of dollars…
China is hiking tariffs on US imports from 34% to 84%
China will now raise tariffs on U.S. imports from 34% to 84% in response to…
More new car buyers resorted to 84-month loan financing terms
More car-buyers used seven-year loans to finance new vehicles in the first quarter as they…
China’s central bank calls on state banks to reduce US dollar purchases
China's central bank will not allow a significant decline of the yuan and has urged…
Economist says world ‘will prosper’ from tariff trade negotiations
Former Reagan economic advisor Art Laffer said Tuesday on "Varney & Co"Â that both the world…
