U.S. Economy
Trump floats tougher Russia sanctions, meets Zelenskyy for first time since Oval Office blowup
In this photo provided by the Ukrainian Presidential Press Office, Ukraine’s President Volodymyr Zelenskyy, right, and President Donald Trump, talk as they attend the funeral of Pope Francis in Vatican, Saturday, April 26, 2025. Ukrainian Presidential Press Office via AP U.S. President Donald Trump floated the possibility of stronger sanctions on Moscow in a lengthy […]
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The trade war’s wave of retail shortages will hit U.S. consumers in stages. Here’s when
The Washington Post | The Washington Post | Getty Images Warnings of empty store shelves have been in the headlines as multiple press reports indicate that CEOs of America’s top retail stores told President Trump that a prolonged trade war would lead to shortages. When could that become a reality, and what product categories would […]
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Confidence in Trump’s handling of the U.S. economy plummets, new polls show
US President Donald Trump speaks with reporters outside the White House in Washington, DC, on April 23, 2025. Saul Loeb | Afp | Getty Images Americans’ confidence in President Donald Trump’s ability to manage the U.S. economy has plummeted since he regained the White House, new polls reveal. Just 37% of Americans approve of Trump’s […]
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U.S. public schools brace for ‘fiscal cliff’ after surge in hiring meets budget shortfalls
Public schools across the United States are facing a financial reckoning in 2025 as federal pandemic relief funds expire and student enrollment continues to decline, according to data from the Georgetown Edunomics Lab. The funding crisis stems largely from the end of the Elementary and Secondary School Emergency Relief funds, which pumped billions of federal […]
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Trump stands ‘strongly behind’ Hegseth, White House says
President Donald Trump stands “strongly behind” Secretary of Defense Pete Hegseth, White House press secretary Karoline Leavitt said Tuesday, despite new reports that he discussed highly sensitive military information on a Signal chat with family and friends. Hegseth is “doing a tremendous job, and he is bringing monumental change to the Pentagon,” said Leavitt. “There’s […]
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Busiest U.S. ports for Chinese freight, Los Angeles, Long Beach, see steep drop in container vessel traffic
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 The pullback in trade between the U.S. and China as a result of President Trump’s steep tariffs on Chinese goods and fears of a recession […]
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Dropshippers reel from Trump’s tariff gut punch: ‘Profit margins have now been slashed’
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between […]
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Ron Insana: Confidence in the U.S. will be shaken if Trump seeks to remove Powell as Fed chair
Inflation, recession and stagflation won’t be the only driving forces behind investment decisions if President Donald Trump attempts to remove Federal Reserve Chairman Jerome Powell from his perch atop the central bank before he is set to step down. If the president were to fire the Fed chairman, I’d be inclined to recommend investors sell […]
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Trump tariffs could lead to a summer drop-off in economic activity after an ‘artificially high’ start, Chicago Fed chief says
Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump’s tariffs. The sudden buying binge could cause an “artificially high” level of economic activity, said Federal Reserve Bank of Chicago President Austan Goolsbee. “That kind of preemptive purchasing is probably […]
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Sen. Van Hollen says trip to El Salvador was about defending the right of due process, not ‘defending the man’
U.S. Senator Chris Van Hollen (D-MD) speaks to the media during a visit to El Salvador to advocate for the release of Kilmar Abrego Garcia in San Salvador, El Salvador, April 16, 2025. Jose Cabezas | Reuters Maryland Sen. Chris Van Hollen said Sunday that his trip to El Salvador to meet with Kilmar Abrego Garcia […]
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