Economy
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U.S. and Japan conduct coordinated yen-buying intervention to ease volatility of Japan's currency
Tokyo said that it wouldn't hesitate to conduct further interventions in the future, should they be needed.
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Grocery store closures in Chicago reignite debate over taxpayer-funded food access
The stores, operated by Yellow Banana, closed after Save A Lot ended its operating agreement with the company, citing financial challenges that included a sharp decline in SNAP purchases.
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State Farm to issue $136M to Louisiana policyholders
According to a release, State Farm Mutual Automobile Insurance Company told the Louisiana Department of Insurance it expects to pay about $136 million to qualifying Louisiana policyholders. The average payment will be $138 per eligible vehicle.
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US economy adds 151K jobs in February, unemployment rate at 4.1% , Labor Department
The numbers are slightly higher but consistent with Wall Street projects of 160,000 jobs and 4% unemployment.
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Starbucks to lay off 1,100 of corporate employees
Starbucks previously fired its employees and closed many stores in major cities.
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Apple to invest $500B in U.S. manufacturing, innovation after recent meeting between CEO Cook, Trump
Apple facilities are expected to expand in Washington state, California, North Carolina, Arizona and Iowa.
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Existing home sales fell 4.9% in January, continuing slump
Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – dropped 4.9% from December to a seasonally adjusted annual rate of 4.08 million in January. Year-over-year, sales gained 2% (up from 4 million in January 2024).
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Biden housing market inherited by Trump creates nightmare scenario for American dream
"Nobody wants to move because they are sitting on a 3% rate or they can't afford to move because their payment on the same type of house almost doubles," says a senior loan officer based in Ohio. "So, there's no volume."
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You Vote: Do you approve of President Trump's plan for global reciprocal tariffs?
Some are concerned that they will start trade wars, leading to higher prices and inflation in the U.S.
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Inflation climbed to annualized rate of 3% in January, Bureau of Labor Statistics reports
Consumer prices rise 0.5% in January
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Trump begins trade war in earnest by shoring up key allies, targeting Chinese goods
Aluminum and steel are key materials in industrial manufacturing, an industry Trump hopes to resuscitate in the U.S. economy. At this point in time, China has an overwhelming advantage in accessing strategic commodities.
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January labor report shows slowdown in jobs added to U.S. economy
The January unemployment rate was 4%, down slightly from 4.1% in December
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China announces antitrust investigation into Google
China launches an antitrust investigation of Google at the same time as it retaliates against Trump's tariffs.