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Economy
Goldman Sachs warns of economic fallout when undermining central bank independence
A new report from Goldman Sachs economists examined the risks of undermining the independence of…
German Chancellor Merz wants lower tariffs, open markets ‘best’ for mutual wealth
German Chancellor Friedrich Merz said President Donald Trump's tariffs are threatening his economy, adding that…
Treasury Secretary Bessent vows US will never default on national debt
Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on…
Macy’s, Target, Apple shift supply chains away from China amid tariff concerns
A number of retailers are working to reduce their exposure to China as President Donald…
Trump warns court ruling against tariffs could cause ‘economic ruination’ of US
President Donald Trump on Sunday said if the courts rule against the administration's sweeping tariffs,…
Egg prices drop 61% since January, now $2.52 per dozen after March peak
The price of eggs has dropped just over 61% since President Donald Trump took office…
Trump says Pakistani officials visiting US to negotiate tariffs
Pakistani officials will be visiting the U.S. next week in an effort to reach a…
Fed’s preferred inflation gauge shows consumer prices eased in April
The Federal Reserve's preferred inflation gauge showed that price growth eased slightly in April, trending…
Chevron cutting 200 jobs in Texas as company plans 20% workforce reduction
Houston-based Chevron Corp. (NYSE: CVX) says it is laying more than 200 employees in Texas as it…
Mortgage rates rise to 6.89%: Freddie Mac
Mortgage rates increased for the third straight week and continue to hover near the 7%…
Fed Chair Jerome Powell and President Donald Trump hold meeting at White House
Federal Reserve Chair Jerome Powell on Thursday met with President Donald Trump at the White House…
US jobless claims increase more than expected in May
The number of Americans filing new applications for unemployment benefits increased more than expected last…
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