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Economy

U.S. jobless benefit claims fall last week as labor market remains strong despite recession fears

By MATT OTT
Apr 17, 2025 8:02 am - U.S. applications for jobless benefits fell again last week as the labor market continues to hold up despite fears of a tariff-induced recession.
Trump suggests he can remove Fed Chair Powell, saying he’s ‘not happy’ with him over interest rates

By CHRISTOPHER RUGABER, AAMER MADHANI and JOSH BOAK
Apr 17, 2025 7:45 am - President Donald Trump has attacked Federal Reserve Chair Jerome Powell for not cutting interest rates and says he could fire him if he wanted to. Trump is renewing a threat from his first term that could cause a major legal showdown over the issue of the central bank's longstanding political independence.
Hiring challenges persist in skilled trades

By Mary Lynn Fayoumi
Apr 16, 2025 8:44 am - A growing trend of high school counselors and parents encouraging kids to attend college instead of learning a trade or pursuing a manufacturing career can present hiring challenges for many industries.
Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

By ANNE D'INNOCENZIO
Apr 16, 2025 8:20 am - U.S. shoppers increased their shopping last month, fueled by a spending spree on big ticket items from gadgets to cars before President Donald Trump’s expansive new tariffs started kicking in.
Trump says he’s joining Bessent and Lutnick for trade negotiations with Japanese at the White House

By DARLENE SUPERVILLE and MARI YAMAGUCHI
Apr 16, 2025 8:17 am - President Donald Trump said he’s joining some of his top economic advisers on Wednesday for negotiations at the White House over tariffs and trade with a top Japanese official who is traveling to Washington for the talks.
China's economy grew 5.4% in the first quarter as exporters rushed to beat Trump’s tariffs

By ELAINE KURTENBACH
Apr 16, 2025 7:04 am - China's economy expanded at a 5.4% annual pace in January-March, the government said Wednesday, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese products.
‘It feels like the end of days’: Trump’s China tariff shocks US importers

By Paul Wiseman and Anne D'Innocenzio
Apr 14, 2025 9:40 am - Rick Woldenberg thought he had come up with a surefire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports.
China’s Xi says there are no winners in a tariff war as he visits Southeast Asia

By HUIZHONG WU and ANIRUDDHA GHOSAL
Apr 14, 2025 7:26 am - China's leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, presenting China as a force for stability in contrast with U.S. President Donald Trump's latest tariffs moves.
Baby boomers again the top home-buying generation, overtaking millennials

By Aaron Wiener
Apr 12, 2025 1:20 pm - High mortgage rates and home prices have shut many younger would-be buyers out of the market, while boomers have so much equity in their homes that many of them are able to sell and then buy with cash.
Tariffs could cost them. They’re still standing by Trump.

By Hannah Knowles
Apr 12, 2025 6:00 am - Kathy McConnell vented about inflation last fall as she waited in line to attend one of Donald Trump’s final rallies in Pennsylvania. Grocery store prices were ridiculous...

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