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Economy

OECD says US growth likely to slow to 1.6% this year, hobbled by Trump’s trade wars

By PAUL WISEMAN
Jun 03, 2025 11:25 am - U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers paralyzed by uncertainty.
Dollar General posts record sales as bargain stores attract more customers

By MICHELLE CHAPMAN
Jun 03, 2025 8:25 am - Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores and off-price retailers amid economic uncertainty.
Inside the test kitchens helping restaurants navigate the trade war

By Daniela Sirtori, Rachel Phua and Michael Hirtzer
Jun 02, 2025 11:06 am - On a recent weekday morning in downtown Chicago, chefs inside a test kitchen prepared a five-course meal featuring tostada verde with jalapeño Gouda and trout on focaccia. The chefs usually cook these spreads to help customers of Sysco Corp. create or tweak menu items. These days, they’re also coaching eateries on substitutes for imported ingredients hit by tariffs.
‘Finding their niche’: The Fresh Market is back to opening stores in the suburbs, this time in redeveloping areas

By Eric Peterson
May 31, 2025 2:11 pm - Despite having shed a few stores in recent years, The Fresh Market grocery chain based in North Carolina is in the midst of a true growth spurt bringing its distinct stores to redeveloping areas of the suburbs.
Tips on navigating economic uncertainty for small business owners

By Steve Bernas
May 31, 2025 1:39 pm - In today’s unpredictable economic climate, many small business owners are struggling to maintain stability amid inflation and fluctuating costs.
Trump’s week shows the risks of his full-speed-ahead approach

By Matt Viser
May 31, 2025 1:34 pm - President Donald Trump’s second term has been marked by volatility, brought about in part by his insistence on bulling forward in search of maximum gain, even if that heightens the risk of ultimate failure. This week crystalized just how rapidly his fortunes can rise and fall.
US inflation gauge cools with little sign of tariff impact, so far

By CHRISTOPHER RUGABER
May 30, 2025 8:00 am - A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped.
Costco defies tariff shifts with higher profit, lower prices

By Jaewon Kang
May 30, 2025 7:56 am - Costco Wholesale Corp. posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence.
What is the Court of International Trade? And why can it strike down Trump's tariffs?

By CHRISTOPHER RUGABER
May 29, 2025 2:37 pm - A little-known federal court threw a giant monkey wrench into a foundational part of President Donald Trump's economic agenda by striking down most of the sweeping tariffs he has imposed since taking office.
A global rally for stocks stumbles on uncertainties about Trump's tariffs, but Nvidia shines

By ELAINE KURTENBACH and MATT OTT
May 29, 2025 8:09 am - A big rally for stocks that began in Asia on Thursday is running out of momentum after sweeping into Europe and the United States amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs.

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