Bloomberg News

Pedestrians walk past a building at the intersection of Rodeo Drive and Santa Monica Boulevard in Beverly Hills. (Mel Melcon/Los Angeles Times)

Top 10% of earners drive a growing share of US consumer spending

September 16, 2025 at 1:44 p.m.

Wealthy consumers continue to account for a growing share of U.S. consumer spending, highlighting the lopsided strength of the economy as a slowdown in hiring and wariness among other income cohorts raise...

Protesters hold an effigy of U.S. President Donald Trump in response to his announcement of 50% tariffs on Brazilian goods in Sao Paulo on July 10, 2025. (AP Photo/Andre Penner)

Americans largely are paying for Trump’s tariffs, not foreign companies

July 23, 2025 at 8:40 a.m.

General Motors Co. is the latest U.S. company to disclose how tariffs are raising costs, with the automaker saying that the duties dented profits by more than $1 billion.

People protest against U.S. Immigration and Customs Enforcement raids in front of the Federal Building in Chicago on July 7, 2025. (Antonio Perez/Chicago Tribune)

Immigration actions to hit U.S. economic growth, study finds

July 9, 2025 at 10:51 a.m.

The drastic drop in immigrants and increased efforts to deport more foreign-born workers could subtract about 0.8 percentage point from the gross domestic product in 2025, according to an analysis.

President Donald Trump talks about new tariffs in the White House Rose Garden on April 2, 2025, in Washington. (AP Photo/Mark Schiefelbein)

Layoffs from Trump’s tariffs ripple across auto-parts industry

June 24, 2025 at 1:40 p.m.

Trump’s shifting stances on trade and tariffs have upended the planning of many companies that provide parts and equipment to big automakers.

The corporate headquarters of Meta, the parent company of Facebook and Instagram, in Menlo Park, California, seen on Nov. 4, 2021. (Jim Wilson/The New York Times)

Meta to buy power from Illinois nuclear plant to help meet AI demand

June 4, 2025 at 4:06 p.m.

The Facebook parent is contracting for more power after the company’s total electricity consumption nearly tripled from 2019 to 2023.

President Donald Trump speaks in the Oval Office, May 20, 2025, in Washington. (Alex Brandon/AP)

U.S. job openings in research and development plummet amid Trump cuts

May 23, 2025 at 12:40 p.m.

Scientific research and development job postings are down 18% since President Donald Trump took office in January.

Jorgina Mojica directs large boxes at a diverter location during a ribbon-cutting ceremony and tour of the Amazon Fulfillment Center in Merrillville, Indiana, on March 19, 2025. (John Smierciak/for the Post Tribune)

Amazon denies tariff display move after White House slams reported plan

April 29, 2025 at 12:29 p.m.

White House Press Secretary Karoline Leavitt had blasted the purported plans as “a hostile and political act.”

Shipping containers pile up at a terminal in Shanghai, China, on April 20, 2025. (Chinatopix)

Empty ports, empty shelves? Trump tariff battle set to hit home soon

April 28, 2025 at 2:43 p.m.

Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate.

Steep tariffs on Vietnam, the world's leading producer of robusta coffee, could disrupt flows of coffee to the American market. (Dreamstime/TNS)

US coffee drinkers face pricier cup as tariffs hit key supplier

April 3, 2025 at 1:29 p.m.

Vietnam is the world’s leading producer of robusta coffee, the variety used in instant drinks and espressos. The Trump administration imposed a 46% tariff on Vietnam’s goods.

Albert Guerlley and Leo Rios load bags as cars line up to receive donated food at the Marie Wilkinson Food Pantry in Aurora, March 19, 2025. (Antonio Perez/Chicago Tribune)

Trump cuts hitting farms, food banks in Midwest

March 25, 2025 at 4:00 p.m.

More than $1 billion in assistance that usually flows into the U.S. Department of Agriculture for two programs that help local farmers, schools and food banks has already vanished.

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