Defensive Positioning Pays Off As Policy Upheaval Roils Markets
The economy kicked off 2025 on the wrong foot, with early indicators pointing to an ugly GDP report for the first quarter when the advance estimate is published April...
New Unemployment Claims Fall Slightly
The number of Americans seeking unemployment benefits fell by 6,000 to 219,000 for the week ending March 29, according to statistics released by the Labor Department. That’s less than...
Trump Rolls Out Sweeping Set of Tariffs
President Donald Trump, who has been promising new tariffs on goods coming into the U.S., rolled out his plan in a Rose Garden ceremony Wednesday.
Trump Hits Car Imports With 25% Tariffs
President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States.
The tariffs, set to take effect April 3, are aimed at expanding America’s auto...
Economy Grew at 2.4% in Fourth Quarter of 2024
Fueled by an end-of-year spending spree among American consumers, the U.S. economy grew at a 2.4% rate in the fourth quarter of 2024, the government announced Thursday.
Growth in gross...
DNA Testing Firm 23andMe Files for Bankruptcy
SAN FRANCISCO (Globe Newswire) — 23andMe Holding Co., a leading human genetics and biotechnology company, announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court...
First-Time Unemployment Claims Hold Steady
The number of U.S. workers seeking unemployment benefits didn’t change much this week.
According to statistics released Thursday by the Labor Department, first-time jobless claims filings were at 224,000 for...
Auto Industry Waiting Out Tariff Uncertainty
The auto industry is waiting for some clarity before deciding how to respond to tariffs being suggested by the White House.
Consumer Confidence Falls to Four-Year Low, Survey Shows
The latest survey from the Conference Board shows consumer confidence in the U.S. economy has dropped to a four-year low.
Crypto Gaining in Popularity, But Also Carries Challenges
As cryptocurrency gains in popularity, businesses are trying to figure out how best to use it.
Consumer Spending Rose in February by 0.2%
Shoppers around the country spent a little more money last month than they did in January, but not by much.
Numbers released by the Commerce Department this week showed retail...
Deadline Looms for Additional ‘Reciprocal’ Tariffs
Any economic concerns over President Donald Trump’s on-again, off-again tariff policies could be exacerbated soon.
White House staffers are getting ready to impose new tariffs on a variety of imports...
PepsiCo Buying Poppi in $1.65 Billion Deal
PURCHASE, N.Y. and AUSTIN, Texas (PRNewswire) — PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated...
Forever 21 Closing U.S. Stores, Filing for Bankruptcy
Succumbing to competition from online retailers such as Amazon and Temu, officials at Forever 21 announced this week the company has filed for bankruptcy protection.
It’s the second time in...
Unemployment Applications Climb Slightly
The number of Americans seeking unemployment benefits rose slightly last week.
U.S. jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, according to statistics released...
Fed Holds Interest Rates Steady, Awaiting Tariff Impacts
As they wait to see the impact of tariffs on the U.S. economy, the Federal Reserve opted to leave interest rates right where they are.
Canada, EU Retaliate Against Increased U.S. Tariffs
It didn’t take long for Canada and the European Union to retaliate against President Donald Trump’s decision to increase tariffs on aluminum and steel.
According to published reports, Canada –...
Inflation Slows Amid Tariff Uncertainty
While the stock market continues to react negatively to U.S. tariffs being imposed by the White House, the volatility doesn’t seem to be spreading to the inflation rate, at...
Record Sales Push Legos to Top of Toymaker List
Lego A/S grabbed more market share from its biggest competitors last year, cementing its positions as the world’s largest toymaker, after revenue grew to a record.
The Danish maker of...
Fewer Americans File for Unemployment Benefits
The U.S. job market appears to remain healthy, if unemployment claims are any indication.
The number of Americans filing for unemployment benefits fell slightly last week, dropping to 220,000 for...
LATEST ARTICLES
Auto Industry Groups Pen Letter Seeking Tariff Relief
Some of the biggest auto industry trade groups signed onto a letter asking the Trump administration for relief from tariffs on auto parts.
Companies Casting a Wider Net in Search for Talent
It's not as much about degrees as it is skill as companies search for talent.
Many Businesses Withholding Spending Decisions To See Impact of Tariffs
Most businesses are taking a 'wait and see' attitude on the effects of impending tariffs before charting a financial course.
