U.S. Economy Adds 139,000 Jobs in May
The U.S. economy added more jobs than many analysts had reportedly expected, but the job growth overall is still slowing down.
Employment data released Friday by the Bureau of Labor Statistics...
Study: Businesses Raised Prices Soon After Tariffs Hit
Despite assurances from the White House that the cost of its varying tariff policies would be borne by companies, a study by the Federal Reserve Bank of New York...
Unemployment Claims Rise to Highest Level since October
In historical context, the numbers of Americans filing first-time unemployment benefits is still relatively low.
But they’re on the rise.
Filings for unemployment benefits rose to their highest level in eight...
Businesses Waiting to See How Tariffs Play Out
Employers likely added jobs at a modest pace in May as businesses waited to see how tariff policies ultimately settle out. The unemployment rate likely held unchanged, with modest...
Inflation Gauge Slows Without Tariff Impact – So Far
A key gauge showed inflation slowing slightly ahead of potential impacts from U.S. tariff policy.
Consumer Confidence Rises After 5 Months of Decline
It’s been awhile, but Americans finally showed a little confidence in the U.S. economy.
After five months of decline, Americans’ views of the economy improved in May. The negative streak...
Fed Unlikely to Cut Rates Despite Cooler Inflation
No material revisions are expected for either real GDP or the GDP Price Index when the second estimate for the first quarter of 2025 is published.
Growth of both personal...
GM to Invest $888 Million in Propulsion Plant
BUFFALO, N.Y. – General Motors announced plans to invest $888 million in its Tonawanda Propulsion plant to support the production of the sixth generation of GM’s V-8 engines, used in...
First-Time Unemployment Claims On the Rise
More Americans filed first-time claims for unemployment benefits last week.
According to statistics released by the Labor Department, seasonally adjusted initial unemployment claims were up 14,000 for the week ending...
First-Time Unemployment Claims Drop Slightly
If they’re concerned about the confusion surrounding U.S. trade policy, business leaders aren’t showing it much yet.
According to statistics released by the Labor Department Thursday, first-time applications for unemployment...
Businesses Absorbing First Wave of Tariff Increases
The economic calendar was light this week.
Existing home sales likely rose in April despite lower consumer confidence. However, new home sales likely took a breather following an outsized increase...
Levi Strauss Sells Dockers to Authentic Brands Group For Up to $391 Million
SAN FRANCISCO (Business Wire) -- Levi Strauss & Co. and Authentic Brands Group announced that they have entered into a definitive agreement for LS&Co. to sell Dockers to Authentic...
Target Sales Fall in 1st Quarter, Could Drop For the Rest of 2025
Officials at Target were already expecting less-than-stellar news about first-quarter sales, but apparently it was worse than anticipated.
Target announced earlier this week that sales fell more than had been...
Fed Says Interest Rates Could Stay Higher for Longer
Federal Reserve officials were encouraged to see the 2.3% inflation rate in April over last year, but apparently not enough to consider lowering the Fed’s prime interest rate just...
Retail Sales Rose Slightly in April
U.S. shoppers apparently adopted an avoid-the-rush attitude in terms of their spending in March.
Trying to beat the expected price hikes that could be brought on by U.S. tariff policy,...
Microsoft Laying Off 6,000+ Employees
Microsoft officials said this week the company is cutting 3% of its global workforce. The force reduction, which equates to more than 6,000 jobs, is part of an effort...
Egg Prices Drop For First Time in Months
The cost of a dozen eggs – a hotly debated topic during the 2024 election cycle – rose to record highs earlier this year.
But, according to statistics released by...
Unemployment Applications Hold Steady
First-time applications for jobless benefits remained steady in the face of the on-again, off-again nature of changing U.S. tariff policy.
According to the Labor Department, the number of Americans applying...
Inflation Eases Despite Tariff Turmoil
Inflation cooled slightly over last year despite fears concerning U.S. tariff policies.
Fed Holds Steady on Key Interest Rate
Questions still surround the impact President Donald Trump’s policy on tariffs will have on the U.S. economy, and Trump himself has been pressuring the Federal Reserve to cut interest...
