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Economy

Retail sales unchanged in December from November, closing year on a lackluster tone

By ANNE D'INNOCENZIO
Feb 10, 2026 8:13 am - Shoppers pulled back the pace of their spending in December from November, closing out the holiday shopping season and the year on a lackluster tone. The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite mounting concerns about slowing job growth, uncertainty about President Donald Trump's tariffs and other economic headwinds.
Next US jobs report will define just how much labor market is slowing down

By Mark Niquette, Jarrell Dillard and Augusta Saraiva
Feb 09, 2026 12:56 pm - A denser-than-usual jobs report is expected to show just how much the U.S. labor market has slowed in recent years - or perhaps that it wasn’t growing at all.
Trump says tariffs have created an economic miracle. The facts tell a different story

By PAUL WISEMAN and CHRISTOPHER RUGABER
Feb 06, 2026 7:43 am - Looking back on the first year of his second term, President Donald Trump boasts that he has resurrected the American economy by imposing big import taxes on foreign products.
Why nobody really knows the scale of the U.S. housing crisis

By Julie Z. Weil
Feb 04, 2026 10:28 am - America faces a serious housing shortage, one that Moody’s estimates would take more than 2 million new homes to resolve.
Renters use ‘rent now, pay later’ services to manage monthly payments, but fees raise concerns

By KEN SWEET and CORA LEWIS
Feb 04, 2026 8:03 am - Rent can eat up an entire paycheck at the start of the month, so a growing number of renters are turning to a financial product that promises relief by letting them split the bill — for a price.
Seeking shelter from Trump’s fury, US trade partners reach deals with each other

By PAUL WISEMAN, JOSH BOAK and ELAINE KURTENBACH
Feb 03, 2026 8:19 am - Bullied and buffeted by President Donald Trump’s tariffs for the past year, America’s longstanding allies are desperately seeking ways to shield themselves from the president’s impulsive wrath.
Some companies tie AI to layoffs, but the reality is more complicated

By MATT O'BRIEN
Feb 02, 2026 2:30 pm - Many assumed Amazon’s 16,000 corporate layoffs announced last week reflected CEO Andy Jassy’s push to reduce the corporate workforce and “get efficiency gains from using AI extensively across the company.” But like other companies that have tied workforce changes to AI — including Expedia, Pinterest and Dow last week — it can be hard for economists to know if AI is the real reason behind the layoffs or if it's the message a company wants to tell Wall Street.
Trump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil

By JOSH BOAK, AAMER MADHANI and RAJESH ROY
Feb 02, 2026 1:03 pm - President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil.
Layoffs are piling up, heightening worker anxiety. Here are some of the biggest recent job cuts

By WYATTE GRANTHAM-PHILIPS
Jan 31, 2026 1:58 pm - As layoffs pile up, workers are feeling increasingly anxious about the job market. In the U.S., economists have said that businesses are largely at a “no-hire, no fire” standstill, leading many to limit new work, if not pause openings entirely amid economic uncertainty.
Warsh’s challenge: Navigating Fed independence and Trump’s demands

By CHRISTOPHER RUGABER and JOSH BOAK
Jan 30, 2026 11:36 am - Kevin Warsh has sought the job of Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago. Now that he is in line for the position, the enormity of the challenge ahead of him is clear.

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