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...
Inflation Data Dominates Economic Landscape
Inflation data dominates the economic calendar this week. The total and core Consumer Price Indexes (CPI) likely rose at a more moderate pace in February after sharp increases in...
Walgreens Inks Deal to Take Drugstore Chain Private
Officials for the drugstore chain Walgreens announced on Thursday it had reached a deal with private equity firm Sycamore Partners that will take it off the public market for an equity...
U.S. Delays Mexico, Canada Tariffs for 30 Days
Early Thursday, Commerce Secretary Howard Lutnick hinted that President Donald Trump was leaning toward delaying tariffs on Mexico and Canada.
A few hours later, Trump proved he was at least...
Economy Hit an Air Pocket in January, Lowering 2025’s Growth Prospects
Monthly economic data disappointed in January, with declines in retail sales, auto sales, housing sales, and manufacturing production. A number of one-off drags weighed on the month: The LA...
Unemployment Assistance Applications Down by 21,000
The Trump administration has been culling jobs from the federal workforce, but apparently the cuts being made by the Department of Government Efficiency haven’t started hitting the unemployment line.
The...
Behind DOGE Effort, U.S. Announced Job Cuts Up 245%
The thousands of workers laid off by the Trump administration’s Department of Government Efficiency appear to be taking a toll on the U.S. job market.
Reuters reported Thursday that Global...
Automakers Get 30-Day Reprieve From Tariffs
President Donald Trump granted a 30-day extension on tariffs he placed on goods from Mexico and Canada.
U.S. Imposes Tariffs; Canada, Mexico and China Respond
The U.S. imposed 25% tariffs on imports from Canada and Mexico Tuesday, while doubling down on tariffs on China.
Tariffs on Canada, Mexico Expected Next Week
Remember those tariffs President Donald Trump paused for Mexico and Canada last month? They won’t be paused much longer.
Trump announced on his social media site, Truth Social, that he...
Consumer Confidence Takes Biggest Drop in Four Years
U.S. consumer confidence, which had been pretty well sustained, took its biggest drop in more than four years in February.
According to The Conference Board, a business research group, its...
Apple Will Spend More Than $500 Billion in U.S. Over the Next Four Years
CUPERTINO, Calif. — Apple announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years.
This new pledge...
GM Board Approves New Share Repurchase Plan
DETROIT – General Motors announced that its Board of Directors has approved a $0.03 per share increase in the quarterly common stock dividend rate beginning with the next planned dividend,...
Tariff, Layoff Concerns Affecting Consumer Confidence
The week’s most important economic releases include the second estimate of fourth quarter GDP, personal income and outlays for January as well as the Fed’s preferred measure of inflation,...
Unemployment Requests Hit Three-Month High
The weekly total of Americans applying for first-time unemployment benefits continues to fluctuate, but the range hasn’t shifted much in the last three years.
According to statistics released by the...
Whitmer Touts Successes, Goals in State of the State Address
Michigan Gov. Gretchen Whitmer talked about bipartisan success and future goals in 2025 State of the State address.
Restaurants, Advocacy Groups React to New Wage Laws
After Gov. Gretchen Whitmer signed the 11th-hour, bipartisan deal on minimum wage and tipped wages, businesses seem happy with it, while advocacy groups have issues.
