Slightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.
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Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead
The financial outlook from nation’s largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector.
Trump backs idea to send some DOGE savings to American citizens
Trump said the potential for dividend payments would incentivize people to report wasteful spending.
U.S. Senate confirms financier Howard Lutnick as commerce secretary
At his confirmation hearing last month, Lutnick dismissed as “nonsense” the idea that tariffs contribute to inflation.
Trump administration gives schools a deadline to end DEI programs or risk losing federal money
The sweeping demand threatens to upend all aspects of campus operations, from questions on college applications to classroom lessons and campus clubs.
Southwest Airlines slashing 15% of its corporate workforce
The Dallas-based airline said Monday that the the first major layoffs in its 53-year history would be focused almost entirely on “corporate overhead and leadership positions.”
Trump administration tries to bring back fired nuclear weapons workers in DOGE reversal
The layoffs were part of a Department of Government Efficiency purge that targeted about 2,000 Department of Energy employees.
Mike Pence emerges as one of the few Republicans willing to challenge Trump 2.0
The former vice president’s refusal to break with Trump defined their time together in office until the two had a falling out over Trump’s refusal to accept the results of the 2020 election.
What changes to the CHIPS act could mean for AI growth and consumers
Trump has called the federal contracts made with the help of the CHIPS and Science Act “ridiculous,” signaling that he doesn’t support the program.
Trump administration begins sweeping layoffs with probationary workers, warns of larger cuts to come
The administration on Thursday ordered agencies to lay off nearly all probationary employees who had not yet gained civil service protection—potentially affecting hundreds of thousands of workers.
UPDATE: Trump signs plan for reciprocal tariffs on U.S. trading partners
President Donald Trump’s plan increases U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike.
Elon Musk calls for U.S. to ‘delete entire agencies’ from federal government
Elon Musk made the remarks as part of his push under President Donald Trump to radically cut spending and restructure its priorities.
December wholesale prices rise more than expected
Year-over-year consumer price inflation has now risen for four straight months.
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
Congress established the CFPB to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry.
U.S. egg prices hit record high and are likely to keep climbing
The spike in egg prices was the biggest since the nation’s last bird flu outbreak in 2015 and accounted for roughly two-thirds of the total increase in food costs last month, according to the U.S. Bureau of Labor Statistics.
Could obesity drugs help with alcohol cravings? New study suggests potential.
The results add to evidence from animal studies and reports that people are finding the drugs helpful to manage cravings, not just for food, but also for tobacco and alcohol.
Trump readies matching tariffs on trade partners, possibly setting up major economic showdown
President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.
Kite Realty sees quarterly rise in revenue, profit
The Indianapolis-based retail real estate investment trust reported fourth-quarter funds from operations that met analyst expectations.
Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday.
Trump once again slaps taxes on foreign steel, aluminum
President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term.