Economy
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15 state AGs press CEOs to end 'unlawful and misguided' DEI practices
"We write to urge the Business Roundtable’s member CEOs to abandon the unlawful and misguided DEI initiatives that have for too long harmed businesses and consumers alike," the group wrote to the organization.
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Trump trade adviser Navarro says White House possibly has '90 deals in 90 days' regarding tariffs
Navarro said that this 90-day pause was a strategic plan from the White House.
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Auto experts say tariffs will push all vehicle prices up
"Automakers and their suppliers are often multinational companies with facilities spread out across the world, making it difficult to discern how much of a vehicle is domestically produced," says Dr. K. Venkatesh Prasad, senior vice president of research and chief innovation officer at CAR.
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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.