Economic News and Analysis

The latest news and analysis about the health of the US economy.

(Bloomberg) -- Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsIs Trump’s Plan to Reopen the Notorious Alcatraz Prison Realistic?What’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesKristin Herman and her partner had been planning a European getaway with stops in Paris and Rome, but with the US economy suddenly w

Americans Embrace Road Trips as Economic Fears Discourage Flying

(Bloomberg) -- Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsIs Trump’s Plan to Reopen the Notorious Alcatraz Prison Realistic?What’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesKristin Herman and her partner had been planning a European getaway with stops in Paris and Rome, but with the US economy suddenly w
Bloomberg 1 hour ago
AP PHOTOS: Economic jitters and soaring gold prices create a frenzy for US jewelry merchants

AP PHOTOS: Economic jitters and soaring gold prices create a frenzy for US jewelry merchants

As gold prices soar to record highs resulting from global economic jitters, hundreds of thousands of U.S. dollars’ worth of gold are circulating through the doors of the St. Vincent Jewelry Center in downtown Los Angeles on any given day. Many of the 500 independent merchants in the largest jewelry center in the United States say they have never seen such a surge in customers. Gold’s current rally comes as President Donald Trump issues ever-changing announcements of tariffs, roiling financial markets into volatility and threatening to reignite inflation.
Associated Press Finance 2 hours ago
Trump’s trade war hits profits at Saudi oil giant

Trump’s trade war hits profits at Saudi oil giant

Uncertainty unleashed by Donald Trump’s trade war has delivered a financial blow to Saudi Arabia’s state-owned oil giant ahead of the US president’s high-profile visit to the Kingdom this week.
The Telegraph 13 hours ago
US Inflation Starting to Stir as Trump Tariff Threat Looms

US Inflation Starting to Stir as Trump Tariff Threat Looms

(Bloomberg) -- Most Read from BloombergAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsA New Central Park Amenity, Tailored to Its East Harlem NeighborsIs Trump’s Plan to Reopen the Notorious Alcatraz Prison Realistic?What’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesUS consumer prices probably picked up in April after the smallest advance in nine months, foreshadowing a broader acceleration as ma
Bloomberg 13 hours ago
Trump’s Thirst for Cheap Oil Irks an Industry He Loves to Praise

Trump’s Thirst for Cheap Oil Irks an Industry He Loves to Praise

(Bloomberg) -- Terrel Hardin was at a diner along Route 66 in western Oklahoma when his phone rang with bad news: The engine on one of his oil rigs had broken. In times past it would be a straightforward $6,000 fix, but President Donald Trump’s trade war has upended supply chains, and he wasn’t sure the part would even be available.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsIs Trump’s P
Bloomberg 13 hours ago
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Featured Content

Americans haven't had this little faith in finding a new job since 2021

Americans haven't had this little faith in finding a new job since 2021

American workers are the least confident they've been in over four years about finding a new job if they become unemployed, according to a new survey released by the Federal Reserve Bank of New York on Thursday.
The Fed will 'wait and see' if something bad happens in US economy

The Fed will 'wait and see' if something bad happens in US economy

Federal Reserve Chair Jerome Powell offered investors a consistent message on Wednesday: patience.
Strong labor market data doesn't mean the coast is clear for the US economy

Strong labor market data doesn't mean the coast is clear for the US economy

A strong April jobs report may have masked other signs of weakening in the US economy, which has Wall Street increasingly calling for a recession in 2025.
Fed's rate cuts, like Trump's tariffs, look to be on 90-day pause: Morning Brief

Fed's rate cuts, like Trump's tariffs, look to be on 90-day pause: Morning Brief

The delay gives the Fed room to breathe and permission to do nothing but watch.
Fed holds rates steady, defying Trump's call for cuts

Fed holds rates steady, defying Trump's call for cuts

The Federal Reserve held interest rates steady Wednesday for the third meeting in a row, defying President Trump's repeated calls for the central bank to loosen monetary policy further.
Buffett's Berkshire departure, Fed decision, and another rush of earnings: What to know this week

Buffett's Berkshire departure, Fed decision, and another rush of earnings: What to know this week

The S&P 500 clinched its longest winning streak since 2004. The week ahead will see the Federal Reserve put that to the test.
Are we in a recession? Here are the umpires who make the final call.

Are we in a recession? Here are the umpires who make the final call.

Economists warn that an official recession may not be declared for months or even years, as the National Bureau of Economic Research (NBER) relies on a broader set of indicators and retrospective data to determine economic downturns.
Manufacturing activity hits 5-month low as Trump tariffs leave businesses in 'state of near paralysis'

Manufacturing activity hits 5-month low as Trump tariffs leave businesses in 'state of near paralysis'

Manufacturing activity declined in April as President Trump's tariffs clouded the outlook for businesses.
Continuing jobless claims reach highest level since November 2021, initial claims hit 2-month high

Continuing jobless claims reach highest level since November 2021, initial claims hit 2-month high

Unemployment claim filings moved higher to end April as investors closely watch for any signs of further cooling in the labor market.
Negative GDP data is the latest to offer 2 views on the US economy: Morning Brief

Negative GDP data is the latest to offer 2 views on the US economy: Morning Brief

Instead of clarity, the "hard" growth data is seen as a distortion or a warning.
Inflation data, trade talks in focus: What to watch this week

Inflation data, trade talks in focus: What to watch this week

Inflation data takes center stage in the week ahead.
Yahoo Finance 15 hours ago
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Puerto Rico seeks to lure manufacturing to boost its economy as Trump's tariff war deepens

Puerto Rico seeks to lure manufacturing to boost its economy as Trump's tariff war deepens

A global trade war is offering Puerto Rico hope as the U.S. territory attempts to strengthen its fragile economy. Government officials are jumping on planes to try and convince international companies to relocate their manufacturing plants to the island, where they would be exempt from tariffs. Any relocation would be a boost to Puerto Rico’s shaky economy as the government emerges from a historic bankruptcy and continues to struggle with chronic power outages.
Associated Press Finance 16 hours ago
Mortgage and refinance rates today, May 11, 2025: Economic data could shift mortgage rates

Mortgage and refinance rates today, May 11, 2025: Economic data could shift mortgage rates

These are today's mortgage and refinance rates. Interest rates have ticked up, but economic data coming out next week could sway rates. Lock in your rate today.
Yahoo Personal Finance 19 hours ago
Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier

Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier

Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s multi-trillion-dollar development plans. Aramco, formally known as the Saudi Arabian Oil Co., had revenues of $108.1 billion over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange. Saudi Arabia has promised to invest $600 billion in the U.S. over the course of President Donald Trump’s term.
Associated Press Finance 23 hours ago
Economic jitters and soaring gold prices create a frenzy for US jewelry merchants

Economic jitters and soaring gold prices create a frenzy for US jewelry merchants

At the biggest jewelry center in the United States, Alberto Hernandez fired up his machine on a recent day and waited until it glowed bright orange inside before shoveling in an assortment of rings, earrings and necklaces weighing about as much as a bar of soap: just under 100 grams, or 3.2 troy ounces. An X-ray machine determined it was 56.5% gold, making it worth $177,000 based on the price of gold that day. As gold prices soar to record highs during global economic jitters, hundreds of thousands of dollars’ worth of gold are circulating through the doors of St. Vincent Jewelry Center in downtown Los Angeles on any given day.
Associated Press Finance yesterday
Tax the rich? Slash spending? Republicans wrestle with economic priorities in the Trump era

Tax the rich? Slash spending? Republicans wrestle with economic priorities in the Trump era

What, exactly, the Republican Party stands for in terms of economic policy in the second Trump administration is a question reaching an inflection point. Does it stick with the “No new taxes” pledge that has been GOP political orthodoxy for decades or do Republicans tax the rich, as President Donald Trump suggests? Roll back the Obama-era's health care expansion and the President Joe Biden's green energy investments or protect the federal flow of investment dollars generating jobs in the states?
Associated Press Finance yesterday