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Economy

Federal Reserve likely to defy Trump, keep rates unchanged this week

By CHRISTOPHER RUGABER
May 05, 2025 8:08 am - The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.
‘Nowhere to turn’: Small businesses dependent on imports from China are feeling more desperate

By Mae Anderson
May 03, 2025 1:32 pm - The Trump administration raised tariffs on goods from China to 145% in early April. Since then, small business owners who depend on imports from China to survive have become increasingly desperate as they eye dwindling inventory and skyrocketing invoices.
Tips for handling your finances in a time of economic uncertainty

By ADRIANA MORGA
May 03, 2025 1:16 pm - Financial markets are volatile. Consumer confidence is at its lowest level in five years. Economists say recession risks are rising. If you're worried about how economic uncertainty might affect you, here are some expert recommendations:
Wall Street loses ground, breaking a 9-day winning streak, and crude oil prices tumble

By DAMIAN J. TROISE and ALEX VEIGA
May 02, 2025 11:30 am - Wall Street extended its gains to a ninth straight day Friday, marking the stock market's longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April.
Schaumburg Business Association talks tariffs, sidesteps ideological issues

By Eric Peterson
May 01, 2025 8:56 am - Members of the Schaumburg Business Association were promised and received a non-ideological overview of tariffs and a history of their use by the U.S. on the 100th day of the second Trump administration Wednesday.
McDonald's store traffic falls unexpectedly as diners grow uneasy about economy

By DEE-ANN DURBIN
May 01, 2025 6:58 am - McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners.
From Tokyo to Turin, Trump’s policies loom over May Day marches

By THOMAS ADAMSON and YURI KAGEYAMA
May 01, 2025 6:55 am - From Tokyo to Turin, Taipei to Paris, tens of thousands marched in May Day rallies that spotlighted growing anger over U.S. President Donald Trump’s aggressive tariff agenda and fears of global economic turmoil. In France, union leaders condemned the “Trumpization” of world politics. In Italy, protesters paraded a puppet of the American president through the streets of Turin. And in Germany, unionists warned that extended workdays and anti-immigrant rhetoric were eroding hard-won labor protections.
Trump urges patience, blames Biden after weak economic news

By Matt Viser
Apr 30, 2025 1:01 pm - President Donald Trump lashed out Wednesday morning at increasingly dim economic forecasts that have cast his policies in a harsh light and clouded what he has hoped would be a valedictory marker of his 100 days in office.
Wall Street storms back from early losses, echoing its manic moves through a historic April

By STAN CHOE
Apr 30, 2025 8:55 am - U.S. stocks began Wednesday with a thud after a report suggested the U.S. economy may have shrunk at the start of the year. But the big losses soon eased in the latest sharp swings to hit Wall Street amid uncertainty about what President Donald Trump’s trade war will do to the economy.
U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

By PAUL WISEMAN
Apr 30, 2025 7:56 am - The U.S. economy shrank at a 0.3% annual pace from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.

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