Former Federal Reserve Chairman Alan Greenspan dies at 100
U.S. Federal Reserve Chair Alan Greenspan has died at the age of 100.
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The US job market is strong but many Americans are still frustrated by prospects and rising prices
The American job market continues to show surprising strength — good news for President Donald Trump who has taken a beating in the polls over the surging gasoline prices that...
Key inflation gauge worsens as Americans’ income and spending power erodes
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances.
Producer prices shot up 6%, adding to pressure on companies to raise prices for customers
U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and...
The Iran war is hitting home as gasoline prices fuel inflation surge of 3.8% in the US
U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans.
Trump pursues new import taxes to replace the tariffs the Supreme Court rejected
When the Supreme Court killed his favorite tariffs in February, President Donald Trump promptly rolled out temporary import taxes to replace them. But those stopgap levies expire in less than...
US wholesale prices surged 4% last month as the Iran war sent energy prices soaring
U.S. wholesale prices surged last month as the Iran war drove up the cost of energy.
Federal court hears new case against President Trump’s latest global tariffs
The U.S. Court of International Trade, a specialized court in New York, heard oral arguments Friday in an attempt to overturn the temporary tariffs Trump turned to after the Supreme...
Congressional Democrats say President Trump’s tariffs will cost US households more than $2,500 this year
Congressional Democrats warn in a study out Friday that the Trump administration's import taxes will cost American households an average of $2,512 in 2026.
War with Iran delivers another shock to the global economy
The war with Iran is doing collateral damage to the world economy.