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News Articles: Economy

Canadian Prime Minister Mark Carney holds a closing press conference following the NATO Summit in The Hague, Netherlands on Wednesday, June 25.

Tagged as: 

  • Latin America

Canadian prime minister says U.S. trade talks resume after Canada rescinded tech tax

President Trump said Friday that he was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called "a direct and blatant attack on our country."

June 30, 2025
|
By:
  • The Associated Press
Most fireworks sold in the U.S. are made in China, and they now face tariffs of at least 30%. Pictured are the Fourth of July fireworks in New York City in 2022.

Tagged as: 

  • Economy

Looking forward to July 4 fireworks? Tariffs may take the spark out of your fun

Fans of fireworks may face higher prices this Fourth of July. That's because most fireworks are made in China and importers now have to pay tariffs of at least 30%.

June 29, 2025
|
By:
  • Scott Horsley
Claire Landgraf helps a bride try on a dress at her shop Finery Bridal Chic in Rochester, Minn.

Tagged as: 

  • Business

Here comes the bridal gown tariff

How much extra would you pay to see your dream come true? It's always a big question for wedding-planning couples. Now, there's a new twist courtesy of U.S. trade policy.

June 29, 2025
|
By:
  • Alina Selyukh
Trucks loaded with containers move through a port in Shanghai, China Monday, June 9, 2025.

Tagged as: 

  • Economy

Trump says he's terminating trade talks with Canada, 'effective immediately'

The announcement on Canada follows a flurry of updates around trade talks and a suggestion by President Trump that the upcoming July 8 deadline for countries to make deals with the U.S. is moveable.

June 27, 2025
|
By:
  • Danielle Kurtzleben

Tagged as: 

  • Politics

The paperwork trap: A sneaky way to cut Medicaid in the 'One Big Beautiful Bill'?

Republicans want to add work requirements for Americans to get Medicaid. Is that a necessary step to fight "waste, fraud, and abuse" or a sneaky way of cutting the social safety net?

June 26, 2025
|
By:
  • Greg Rosalsky
Jerome Powell testifies before the House Financial Services Committee on Capitol Hill on June 24.

Tagged as: 

  • Business

Fed Chair Jerome Powell says tariff uncertainty warrants caution on rate cuts

Federal Reserve Chair Jerome Powell, under continued attack from President Trump, says the impact of tariffs on inflation should become clearer in the coming months.

June 24, 2025
|
By:
  • Alina Selyukh

Tagged as: 

  • Author Interviews

What separates the ultrarich from the just-plain-rich? The gigayacht.

A new collection of essays by New Yorker writer Evan Osnos, The Haves and Have-Yachts, provides rich research and material for the conversation about extreme wealth in America today.

June 22, 2025
|
By:
  • Frank Langfitt
Federal Reserve Chair Jerome Powell and his colleagues held interest rates steady Wednesday, as they wait to see how President Trump's tariffs will affect inflation.

Tagged as: 

  • Economy

Fed holds interest rates steady, signals rate cuts of 0.5% later this year

The Federal Reserve held interest rates steady Wednesday. Members of the central bank's rate-setting committee also telegraphed their plans for possible rate cuts later this year.

June 18, 2025
|
By:
  • Scott Horsley
An annual update from Social Security says the safety net program's trust fund will run out of cash in eight years. After that, payroll taxes will cover only about 77% of expected benefits.

Tagged as: 

  • Economy

Social Security benefits face big cuts in 2033, unless Congress acts

Trustees of the Social Security trust fund predict the fund will be exhausted in eight years. Unless Congress acts, Social Security payments will automatically drop by 23% at that time.

June 18, 2025
|
By:
  • Scott Horsley
Secretary of Labor Lori Chavez-DeRemer arrives before a House Education and Workforce hearing, Thursday, June 5, 2025, on Capitol Hill in Washington.

Tagged as: 

  • Economy

Job Corps students bring a second suit to stop plans to shutter the program

Two suits have now been filed to stop the federal Department of Labor from ending an almost 60-year-old program for job training for low income young people.

June 18, 2025
|
By:
  • Grant Blankenship
The entrance to the Turner Job Corps Center in Albany recently.

Tagged as: 

  • Economy

How cuts to the nation's trade school could put vulnerable young people at risk

Among recent targets for federal spending cuts is a sixty year old Department of Labor program called the Job Corps. NOW thousands are wondering where they'll go next.

June 17, 2025
|
By:
  • Grant Blankenship
Crude oil prices rose sharply as Israel's attack on Iran raised fears of a broader disruption of Middle East oil supplies. Relatively low gasoline prices in the U.S. have helped to keep inflation in check.

Tagged as: 

  • Economy

Oil prices jump and stocks tumble following Israel's attack on Iran

Israel's attack on Iran sparked the biggest jump in crude oil prices since Russia's invasion of Ukraine more than three years ago. Stocks fell sharply.

June 13, 2025
|
By:
  • Scott Horsley
Specialist Glenn Carell works on the floor of the New York Stock Exchange, Tuesday, June 10, 2025.

Tagged as: 

  • Economy

Asian shares slide while oil prices surge after Israel's strike on Iran

Markets in Asia opened lower early Friday while oil prices surged after Israel attacked Iran's capital amid the ramping up tensions over Tehran's rapidly advancing nuclear program.

June 13, 2025
|
By:
  • The Associated Press
Bill Armstrong is among the 62-year-olds who have filed for Social Security retirement benefits in recent months. "I decided I better get in the system before they move that age higher," he says.

Tagged as: 

  • Business

Why there's an unexpected surge in people claiming Social Security

Some early filers say worries about the future under the Trump administration moved up their timelines.

June 12, 2025
|
By:
  • Laurel Wamsley
Gasoline prices fell as the summer driving season got underway. But other energy costs are expected to be higher.

Tagged as: 

  • Economy

Inflation is holding steady as Trump's tariffs have yet to fully hit

Consumer prices in May were up 2.4% from a year ago, but inflation eased on a monthly basis, according to the latest figures from the Labor Department

June 11, 2025
|
By:
  • Scott Horsley
  • Load More

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