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Economy

The US and EU are in a showdown over trade. What does Trump want and what can Europe offer?

By DAVID McHUGH and PAUL WISEMAN
May 28, 2025 8:43 am - Top officials at the European Union’s executive commission say they're pushing hard for a trade deal with the Trump administration to avoid a 50% tariff on imported goods.
US consumer confidence rebounds after five straight months of declines amid tariff anxiety

By MATT OTT
May 27, 2025 2:36 pm - Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.
Why are more shoppers struggling to repay ‘buy now, pay later’ loans?

By CORA LEWIS
May 24, 2025 1:03 pm - More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender said this week. The disclosure corresponded with reports by lending platforms Bankrate and LendingTree, which cited an increasing share of all “buy now, pay later” users saying they had fallen behind on payments.
Here’s what’s inside Trump’s big tax bill

By KEVIN FREKING and LISA MASCARO
May 23, 2025 10:52 am - House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.
Trump’s latest tariff threats knock Wall Street, European stocks and Apple lower

STAN CHOE
May 23, 2025 8:28 am - U.S. stocks fell after President Donald Trump threatened 50% tariffs on the European Union that could begin in a little more than a week. The S&P 500 lost 0.7% Friday and had its worst week in the last seven. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite sank 1%.
For small businesses, these are the 3 economic metrics that really matter in 2025

By Gene Marks
May 22, 2025 3:20 pm - In the 20+ years I’ve been running my business, I’ve learned from some very smart leaders which economic metrics they follow. These metrics change each year, depending on circumstances. This year, these three are the ones they’re closely watching.
Trump’s massive import taxes haven't done much economic damage — yet

By PAUL WISEMAN, CHRISTOPHER RUGABER and ANNE D'INNOCENZIO
May 19, 2025 11:24 am - For months, American consumers and businesses have been hearing that President Donald Trump’s massive import taxes — tariffs — would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually eased last month, and hiring was solid in April.
Student loans have been confusing lately. Here’s a guide to know where you stand

By ADRIANA MORGA
May 17, 2025 1:42 pm - Between collections resuming, courts blocking student loan programs and layoffs at the Education Department, borrowers might be confused about the status of their student loans.
Illinois’ motor fuel tax is working as intended: Fixing roads and keeping up with costs

By Frank Manzo IV
May 17, 2025 1:28 pm - Every July 1 since 2019, Illinois’ motor fuel tax ticks upward with the rate of inflation. And every year, the same talking heads emerge attacking it as some evidence of broken government.
US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety

By CHRISTOPHER RUGABER
May 16, 2025 2:56 pm - U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President Donald Trump’s trade war will worsen inflation. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, declined 2.7% on a monthly basis to 50.8, the second-lowest level in the nearly 75-year history of the survey. The only lower reading was in June 2022. Since January, sentiment has tumbled nearly 30%.

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