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US Supreme Court does not issue ruling in Trump tariffs case
The Supreme Court will not rule Friday on challenges to President Trump’s global tariffs imposed under emergency powers.
US October trade deficit lowest since 2009 as imports decline
The U.S. trade deficit shrank to its lowest level since 2009 in October as imports plunged and exports hit records.
US auto sales defy regulatory uncertainty to rise 2% in 2025, analysts forecast
DETROIT, Jan 5 (Reuters) – Sales of new cars in the United States rose about 2% in 2025, analysts estimate, defying extraordinary disruptions all year in an industry where “black swan” events have become routine. Several automakers on Monday reported strong December sales to close out the year. Toyota Motor notched an 8% increase in […]
US economic growth accelerates in third quarter
US GDP grew at a 4.3% annualized rate in Q3, topping forecasts as consumer spending jumped despite shutdown headwinds.
Tariffs have cost U.S. households $1,200 each since Trump returned to the White House, Democrats say
Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress' Joint Economic Committee.
Federal employment, trade declined in 2025 in Virginia
Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemployment is expected to rise in 2026, according to Old Dominion University's State of the Commonwealth economic report released Tuesday.
U.S. job openings barely budged in October, coming in just below 7.7 million
U.S. job openings held at 7.7M in October as quits fell and layoffs rose, signaling a cooling labor market amid tariffs and Fed rate debates.
OECD lifts global, US growth outlook for 2025
WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump‘s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year. The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a tick […]
Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
A stalled “no-hire, no-fire” economy and rising costs have driven major companies from HP to Amazon to announce large layoffs, deepening worker anxiety.
Best Buy ups sales outlook heading into holiday shopping ramp-up
Best Buy raised its full-year forecast after strong third-quarter results, with computing, gaming and mobile driving 2.7% comparable-sales growth.
US retail sales rose slightly in September, adding to months of big gains
U.S. retail sales rose 0.2% in September as high prices and weak hiring pressured consumers, though stronger spending may boost third-quarter economic growth.
Japan OKs $135 billion stimulus package to help revive its sluggish economy
Japan unveils a $135B stimulus package to ease rising prices, counter U.S. tariff impacts and revive growth under new Prime Minister Sanae Takaichi.
