Breaking News: Economy
U.S. judge declines to block Elon Musk’s DOGE from Labor Department systems
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via Reuters A federal judge on Friday declined to block Elon Musk’s government cost-cutting department from accessing the U.S. Department of Labor’s systems, […]
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Many workers would take a pay cut to work from home — some would forgo at least 20% of their salary
Key Points Many workers say they’d take a pay cut to be able to work from home at least a few days a week, according to academic studies. They see work-life balance as the biggest advantage of remote work. Others say they feel less connected to co-workers and see fewer opportunities for mentoring. Employers also […]
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White House pins ‘weak’ jobs numbers on Biden, touts Trump plan
President Donald Trump’s new Press Secretary Karoline Leavitt is interviewed by FOX News on her first full day of work at the White House on January 21, 2025 in Washington, DC. Tuesday marks the first full day of Trump’s second term in the White House. Chip Somodevilla | Getty Images The White House on Friday […]
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Consumer inflation fears spike in February as tariff worries hit sentiment
People shop at a Whole Foods store on Feb. 3, 2025 in New York City. Michael M. Santiago | Getty Images Consumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S. trading partners, a closely watched survey showed Friday. The University of Michigan consumer survey for February […]
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U.S. economy added just 143,000 jobs in January but unemployment rate fell to 4%
A hiring sign is displayed in the window of a Chipotle on August 22, 2024 in Alexandria, Virginia. Anna Rose Layden | Getty Images Job creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose by a seasonally adjusted 143,000 for the month, down from an upwardly revised […]
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Stocks making the biggest moves premarket: Pinterest, Amazon, Take-Two Interactive, Tesla and more
Check out the companies making headlines before the bell. Affirm Holdings — Shares of the payment company popped 14% after Affirm exceeded earnings and revenue expectations for the fiscal second quarter . Affirm, which provides buy now, pay later loans, reported $866 million in revenue for the period, while analysts polled by LSEG expected $807 […]
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How the U.S. has used tariffs through history — and why Trump is different, economists say
Key Points The U.S. has used tariffs since its founding in the 18th century. They were primarily a way to raise revenue in the nation’s early days. Later, tariffs were largely used to restrict imports or as a bargaining chip to reduce trade barriers. President Donald Trump’s use of the import duties has broken with […]
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Trump’s tax cuts are ‘stuck in the mud’ as Republicans split over spending
U.S. House Speaker Mike Johnson (R-LA) reacts following the passage of a spending legislation to avert a government shutdown, on Capitol Hill in Washington, U.S., December 20, 2024. Nathan Howard | Reuters President Donald Trump’s agenda is hitting speed bumps on Capitol Hill, as Republican infighting over spending levels threatens to halt a massive package […]
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Tariffs: How they work, who pays for them and why Trump loves them
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters President Donald Trump has long been a fan of tariffs, and in his first month back in the White House he […]
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Stocks making the biggest moves premarket: Apple, AMD, Uber, Alphabet, PDD and more
Check out the companies making headlines before the stock market open. Alphabet — The Google parent tumbled 7% after fourth-quarter revenue of $96.47 billion lagged the $96.56 billion estimated by analysts polled by LSEG. Alphabet also said it plans to invest $75 billion in 2025 as it expands its artificial-intelligence strategy, more than the $58.84 […]
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