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Fed's Daly Sees Room to Cut Interest Rates
San Francisco Federal Reserve President Mary Daly Friday said she thinks one or two more interest rate cuts may be needed to counteract weakness in the labor market, where workers are "walking a knife's edge" with higher prices eating into their wages and scarce...
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Mamdani Reaffirms NYC's Sanctuary Policies
New York City Mayor Zohran Mamdani signed what his office described as a "comprehensive" executive order Friday, doubling down on the city's sanctuary policies while unveiling a broad "Know Your Rights" campaign aimed at curbing what City Hall described as federal "overreach."
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Fed's Jefferson Optimistic About Job Market, Inflation
Federal Reserve Vice Chair Philip Jefferson said Friday he was "cautiously optimistic" about the 2026 economic outlook, with growth expected to remain slightly above trend, the labor market stabilizing, and inflation resuming a decline to the U.S. central bank's 2%...
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Argentina, US Sign Major Trade Deal to Slash Tariffs
Argentina and the United States agreed Thursday to ease restrictions on each other's goods in an expansive trade and investment deal that boosts a drive by President Javier Milei's government to open up Argentina's protectionist economy and a push by the Trump...
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US Consumer Confidence Climbs to Six-Month High
American consumers are feeling better about the economy, with confidence jumping to its strongest level in six months as stock-market gains boost household optimism, Bloomberg reports.
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US Layoffs Surge to Highest Level Since Great Recession
Layoffs announced by U.S. employers surged in January amid losses of business contracts and an uncertain economic environment, marking the highest level for the month in 17 years, a leading survey showed.
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Unemployment Claims Jump by the Most in 2 Months
The number of Americans applying for unemployment benefits jumped last week but remains in the same historically low range of the past few years.Applications for jobless aid for the week ending Jan. 31 rose by 22,000 to 231,000 from the previous week, the Labor Department...
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Kevin Warsh May Struggle to Reset Fed Rules
In the 15 years since leaving the Federal Reserve, Kevin Warsh has lectured often that the ideal central bank is one with the smallest possible footprint in the economy, focused intently on controlling inflation, and bound in part by policy rules rather than letting...
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Ground Zero Minnesota
The United States Has Embraced the Culture War
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Tariffs Driving Canada Into China's Arms
Tariffs never work. America wins when it leads coalitions, not when it stands alone. If we are serious about countering China, we should start by making sure our closest neighbor is standing with us, not being pushed away.
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Bessent: Fed Lost Americans' Trust Over Inflation
Treasury Secretary Scott Bessent said Wednesday that inflation remains the central economic challenge facing the country and warned that the Federal Reserve lost public trust by allowing prices to spiral and "ravage incomes."
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Modest Job Gains Mask Manufacturing Declines
U.S. private payrolls increased less than expected in January amid job losses in the professional and business services as well as manufacturing sectors, the ADP's national employment report showed Wednesday.
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US Hosts Talks on China's Grip on Critical Minerals
The United States will host more than 50 countries on Wednesday for talks aimed at boosting their access to critical minerals, in a bid to loosen China's grip over vital industrial inputs that has allowed it to control global supply chains.
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Iran's Surging Crypto Activity Draws US Scrutiny
U.S. investigators are examining whether specific crypto platforms have facilitated sanctions evasion by Iranian officials, a blockchain researcher told Reuters, as cryptocurrency activity booms in the Islamic Republic.
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Trade Partners Cut Mutual Deals to Escape Trump's Fury
Intimidated and buffeted by President Donald Trump's tariffs for the past year, America's longstanding allies are desperately seeking ways to shield themselves from the president's defense of the United States.
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Trump's $12B Minerals Stockpile to Counter China
President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money, Bloomberg News reported on Monday, citing people familiar with the matter....
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Plan B if the Supreme Court Strikes Down Trump Tariffs
Tariffs are critical to President Trump's fiscal policies and strategy for manufacturing.
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Trump: US, India Agree on Trade Deal, Lower Tariffs
U.S. President Donald Trump Monday said he had agreed on a trade deal with India, and that India also agreed to stop buying Russian oil and buy more from the United States and potentially Venezuela.
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US Manufacturing Rebounds as Orders Surge
U.S. factory activity grew for the first time in a year in January, with new orders rebounding sharply, but manufacturing is still not out of the woods as import tariffs raised raw material prices and strained supply chains.
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US May See First Population Decline Decades Early
The U.S. could see its first-ever population decline as soon as this year, earlier than projected, as President Donald Trump's immigration crackdown cuts net migration, according to new estimates, Bloomberg reported Monday.
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Xi Jinping Pushes Renminbi Global Reserve Status
Xi Jinping has set out his most explicit vision yet for the renminbi to become a global reserve currency, framing the goal as central to China's ambition to reshape the international monetary system, The Financial Times reports.
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Warsh Push to Cut Fed Holdings Faces Obstacles
Kevin Warsh, tapped to become the next Federal Reserve chair, may want to significantly contract the central bank's multi-trillion-dollar balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it...
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Nvidia CEO Denies Rift With OpenAI, Plans 'Huge' Investment
Nvidia plans to make a "huge" investment into OpenAI, probably its largest ever, CEO Jensen Huang said on Saturday, denying he was unhappy with the ChatGPT maker. The chipmaker in September announced plans to invest up to $100 billion in OpenAI.
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Warsh's 'Regime Change' Faces Steep Hurdles at Sprawling US Central Bank
Kevin Warsh checks many boxes for President Donald Trump as his pick to lead the Federal Reserve, but questions remain over how quickly he would cut interest rates and how aggressively he would pursue a "regime change" at the Fed.
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Trump in WSJ: Tariffs Revived Economy, Defied Experts
President Donald Trump wrote that his sweeping tariff program has delivered what he called an "American economic miracle," rejecting warnings from critics who predicted his trade policies would trigger inflation, recession, and global instability.