Economy
Image
Ford takes $19.5 billion in charges amid shift away from electric vehicles
“Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” Ford CEO Jim Farley said.
Image
Divided Fed heads into a critical data week
Inflation has moved up modestly this year and remains elevated, according to the Fed’s own assessment.
Image
US trade deficit drops to lowest level since 2020 in win for Trump
Trump in 2016, defied Republican free-trade orthodoxy by supporting the imposition of tariffs, a position he has maintained throughout his political career.
Image
Trump Bump: Black Friday spending soars as 2025 poised to be first quarter trillion dollar season
Adobe Analytics said that Artificial Intelligence played a role in boosting traffic to online retail sites.
Image
Annual survey shows drop in Thanksgiving dinner costs for 2025
A turkey-centric feast for 10 people will cost about $55.18, a 5% decrease from last year's $58.08.
Image
Smaller businesses in Europe outpacing behemoths like Shell, Nestlé that are mired in rules and regs
Multinationals have seen growth rates held back by a mix of sustainability disclosures, digital compliance, emissions rules, supply-chain accountability, human rights reporting mandates, anti-money laundering rules and sector-specific regulations
Image
CBO says Trump tariffs could reduce deficits by $3 trillion over the next decade
CBO says foreign companies could pick up some tariff costs.
Image
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.
Image
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.
Image
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.
Image
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.
Image
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
Image
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.