Economy
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CBO says Trump tariffs could reduce deficits by $3 trillion over the next decade
CBO says foreign companies could pick up some tariff costs.
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IRS issues guidelines on how taxpayers can claim deductions on tips, overtime in 2025
GOP budget reconciliation bill, which became law in July, created temporary tax deductions for tips and overtime compensation.
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Reshoring manufacturing will take a more skilled workforce, small manufacturers say
One of President Donald Trump’s main goals with his tariff policies has been to bring back manufacturing.
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Delayed September unemployment report shows US economy added 119K jobs, more than expected
The department's Bureau of Labor Statistics, which released the report, said it will not release an October report as a result of the roughly 40-day-long shutdown.
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Major barriers to MAGA’s dream of manufacturing revival? Skilled workers and will to do the job
There is light at the end of the tunnel. Data show interest in the trades, which are vital to a manufacturing revival, could be returning.
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Everyday Economics: Jobs data returns as government reopens
When federal workers and contractors receive their paychecks, they resume spending on everyday goods and services – providing a modest boost to economic activity
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Competing crypto plans create 'narrow path' for adoption
The Clarity Act would give the Commodity Futures Trading Commission a key role in regulating digital commodities, but keep some aspects of Security and Exchange Commission authority over crypto transactions, according to a report from the Congressional Research Service.
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Mamdani says to boycott Starbucks during worker strike
"Together, we can send a powerful message: No contract, no coffee," New York City Mayor-elect Zohran Mamdani said
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Walmart CEO to retire next year
The head of Walmart’s U.S. operations, John Furner, will succeed CEO Doug McMillon on Feb. 1
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Americans report strain from increasing household debt
Total household debt increased to $18.59 trillion in the third quarter of 2025, or $990 billion below the all-time 2008 high of $19.57 trillion.
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Kimberly-Clark to buy Tylenol maker Kenvue for nearly $50 billion
The announcement comes weeks after President Trump made claims linking Tylenol to autism in pregnant women's unborn babies, lowering Kenvue’s stock. The company has pushed back against the Trump administration’s accusations.
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Ranchers decry beef imports from Argentina, expert says good start
Agriculture Secretary Brooke Rollins recently noted that Americans consume about 12 million metric tons of beef.
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While US stocks prices stay high amid Trump's tariff-trade agenda, European stocks struggle
The US stock market continues to hover its record heights, as Wall Street wade through such up-and-down developments including US-China trade war to Big Tech profits