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U.S. adds 177K jobs despite trade war, hiring slows
U.S. employers added 177,000 jobs in April, beating expectations. Labor market remains resilient despite trade wars, tariffs, and federal job cuts.
Tariffs spark uncertainty for Virginia port and shippers
Shipping and logistics companies and related maritime industries worry about the impacts of President Trump's global trade war and international tariffs. In a worst-case scenario, long-term tariffs on imports and exports would have a cascading effect, accumulating downstream across the economy, economists say.
Tariffs, politics drive uncertainty for shipping
Rising tariffs, Red Sea attacks, and labor costs create instability for shippers and could impact Port of Virginia operations and U.S. supply chain
Trump’s tariffs echo Hoover-era economic missteps
Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.
US inflation cools and Americans step up spending as they brace for tariff impact
Inflation slowed to 2.3% in March while consumer spending jumped, especially on cars, ahead of Trump's tariffs. Fed expected to hold interest rates.
Wall Street bounces back from an early loss as volatility continues
US stocks slide after weak GDP data sparks stagflation concerns, tariff uncertainty, and AI sector pullback. Dow drops 479 points on economic fears.
US consumer confidence plunges to lowest in 5 years on tariff worries
Consumer confidence in the U.S. fell for a fifth straight month, hitting the lowest level since 2020 amid rising tariff concerns and recession fears.
Average US rate on a 30-year mortgage eases to 6.81%, hovering near highest level in over two months
The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than two months. The rate fell to 6.81% from 6.83% last week, mortgage buyer Freddie Mac said Thursday.
Wall Street rallies as companies keep piling up profits, for now at least
U.S. stocks are rallying further as better-than-expected profits for U.S. companies pile up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
Most Americans expect higher prices as a result of Trump’s tariffs, a new AP-NORC poll finds
An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering.
Tariff turmoil: How Tesla and other companies are dealing with the uncertainty of the trade war
Uncertain tariffs and trade tensions challenge Tesla, Akzo Nobel, and Boston Scientific as they navigate rising costs and shifting global markets.
Tariffs, policy shifts cloud economic outlook, Barkin says
Richmond Fed President Tom Barkin says U.S. economy looks solid by data, but tariff policies and uncertainty are clouding forecasts and business confidence.
