Steel, aluminum tariffs take effect
President Trump’s 50% tariff on steel and aluminum imports has taken effect.
U.S. economy
US national debt reaches a record $37 trillion, the Treasury Department reports
The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers.
Retail sales rise a solid 0.5% in July from June as shoppers appear to shrug off tariff pressures
Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they appear to shrug off President Donald Trump’s tariffs, which are starting to take a toll on jobs and lead to some price increases.
US stocks dip after disappointing inflation data dents hopes for coming cuts to interest rates
Most stocks are falling on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected.
Wall Street climbs again as a worldwide rally comes back around
U.S. stocks are ticking higher on Wednesday after a rally spurred by hopes for lower U.S. interest rates wrapped around the world.
Wall Street flirts with its records on hopes for coming cuts to interest rates
The U.S. stock market is flirting with its records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected.
US inflation held steady last month as tariff hit offset by cheaper gas, food
U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts
A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower.
Trump is promising new steps to tackle homelessness and crime in Washington
President Donald Trump is promising new steps to tackle homelessness and crime in Washington, prompting the city’s mayor to voice concerns about the potential use of the National Guard to patrol the streets in the nation’s capital.
US stocks drift around their record heights as Wall Street braces for an update on inflation
U.S. stocks are drifting near their record heights on Monday as Wall Street waits for an upcoming update on inflation.
