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News Articles: Economy

Federal Reserve Chair Jerome Powell and his colleagues kept interest rates unchanged Wednesday. President Trump has criticized the central bank for not lowering rates.

Tagged as: 

  • Economy

The Fed holds interest rates steady as Trump's tariffs spark uncertainty

The Federal Reserve held interest rates steady Wednesday as President Trump's tariffs threaten to raise prices and drag down economic growth.

May 07, 2025
|
By:
  • Scott Horsley
Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province in April 2025.

Tagged as: 

  • Asia

U.S. and Chinese officials will meet in Geneva in first sign of thaw in trade war

The superpowers have been locked in a geopolitical blinking contest, waiting for the other side to reach out. The talks in Switzerland are the first concrete sign of a potential thaw in the deadlock.

May 07, 2025
|
By:
  • Sherisse Pham
A man stops to fill up his car at a gas station in Washington, D.C., in November. Gas prices have fallen this spring, despite the fact that they typically rise this time of year, largely because of lower oil prices. That saves drivers money and also brings down the costs of goods.

Tagged as: 

  • Business

Why oil prices are falling, and what it means for the economy

Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly since January. That's good for consumers, and bad for oil companies.

May 06, 2025
|
By:
  • Camila Domonoske
Georgia Sen. Josh McLaurin of Atlanta, standing next to Georgia Rep. Ruwa Romman of Duluth, announces his run for lieutenant governor along downtown Savannah's riverfront on Monday, May 5, as a container ship sails toward the Port of Savannah.

Tagged as: 

  • Politics

Democrat Josh McLaurin launches lieutenant governor bid, condemns tariffs near Savannah port

The Fulton County lawmaker said that Georgia's Republican leadership is kowtowing to President Donald Trump, whose tariffs McLaurin said threaten the East Coast's second-busiest container port.

May 06, 2025
|
By:
  • Benjamin Payne
A See's Candies worker restocks the display next to a cutout of Warren Buffett at the Berkshire Hathaway shareholders meeting exhibit hall Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

Tagged as: 

  • Business

Warren Buffett announces his retirement and warns the trade war will hurt America

The billionaire investor, now 94, also said he would be resigning as CEO at the end of the year. He spoke at Berkshire Hathaway's annual shareholder meeting known as "Woodstock for Capitalists."

May 05, 2025
|
By:
  • Maria Aspan
A 'we're hiring' pamphlet at the Mega JobNewsUSA South Florida Job Fair at the Amerant Bank Arena in Sunrise, Fl., on April 30, 2025. Employers continued to add jobs in April, even as Trump's trade war took a toll on economic growth.

Tagged as: 

  • Economy

The U.S. job market cooled slightly as Trump's trade war heated up

U.S. employers added 177,000 jobs in April — a modest slowdown from the previous month, while the unemployment rate held steady at 4.2%.

May 02, 2025
|
By:
  • Scott Horsley
An illustration photo of the logos of Chinese shopping apps Taobao, AliExpress (left), Shein (right) and Temu on a smartphone screen.

Tagged as: 

  • Business

Shein and Temu will cost more, thanks to massive tariffs going into effect

Shein and Temu goods might not be so cheap anymore. Starting today, the U.S. will start collecting import fees on small packages from China, much of which comes from Chinese e-commerce sites.

May 02, 2025
|
By:
  • Emily Feng
Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province in April.

Tagged as: 

  • Asia

China says it's considering trade talks with U.S., but demands canceled tariffs

Exporters, importers and recent government statistics all suggest that trade in both directions is slowing sharply as a result of the tariffs. Neither side appears willing to be seen giving ground.

May 02, 2025
|
By:
  • John Ruwitch
A person searches the internet for sales in Miami in December 2016.

Tagged as: 

  • Business

Does your online shopping receipt show what you're paying in tariffs? Let us know

Have you recently bought something online, and your receipt showed how much more you're paying as a result of tariffs? If so, please share your receipt with NPR.

May 01, 2025
|
By:
  • NPR Staff
The U.S. economy contracted at an annual rate of 0.3% in the first three months of the year as President Trump's tariffs spark fears about a recession.

Tagged as: 

  • News

U.S. economy shrinks in the 1st quarter. And, Ukraine and the U.S. sign minerals deal

The U.S. economy shrank during the first three months of the year and consumer confidence has plummeted. And, Ukraine and the U.S. have signed a minerals deal that both sides say is a win.

May 01, 2025
|
By:
  • Brittney Melton
When the economy is hard to predict, tried-and-true financial advice will serve you well, says Lauryn Williams, a certified financial planner and founder of Worth Winning.

Tagged as: 

  • Your Money

Anxious about your money right now? Financial advice in times of economic uncertainty

With stock market volatility and fears of price increases driven by the new tariffs, you may be worried about your finances. A certified financial planner explains how to navigate these tricky times.

April 30, 2025
|
By:
  • Marielle Segarra and
  • Malaka Gharib
The U.S. economy contracted at an annual rate of 0.3% in the first three months of the year as President Trump's tariffs spark fears about a recession.

Tagged as: 

  • Economy

The U.S. economy shrinks as Trump's tariffs spark recession fears

Trump promised a new "golden age" for the U.S. But his first 100 days in office have left the economy looking tarnished, with data showing the economy contracted in the first three months of the year.

April 30, 2025
|
By:
  • Scott Horsley
President Trump arrives to speak on his first 100 days at Macomb County Community College Sports Expo Center on April 29 in Warren, Mich.

Tagged as: 

  • Politics

In first 100 days, Trump tests limits, creates chaos and turns from allies

From foreign policy and tariffs to immigration changes and targeting of DEI, here's a look back at some of the major moves made in the past 100 days of President Trump's second administration.

April 30, 2025
|
By:
  • Domenico Montanaro
Treasury Secretary Scott Bessent speaks to reporters at the White House on April 29, 2025.

Tagged as: 

  • News

Trump is giving automakers a break on tariffs

President Trump signed executive actions as the White House marks his 100 days in office. It's the latest shift in Trump's on-again, off-again approach to tariffs.

April 29, 2025
|
By:
  • Danielle Kurtzleben and
  • Tamara Keith
President Trump speaks to the media as he departs the White House on April 25 in Washington, D.C., for Rome to attend the funeral of Pope Francis.

Tagged as: 

  • Politics

More give Trump an F than any other grade for first 100 days, poll finds

Nearly half of Americans give President Trump a failing grade for his presidency so far, with near record low approval ratings at this point in the job, as he hits the milestone 100 days in office.

April 29, 2025
|
By:
  • Domenico Montanaro
  • Load More

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