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.
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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.
The US lost a surprising 92,000 jobs last month as the unemployment rate ticked up to 4.4%
American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4%.
More than 20 states, including Illinois, sue over new global tariffs Trump imposed after his stinging Supreme Court loss
Some two dozen states challenged President Donald Trump’s new global tariffs on Thursday, filing a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court.
President Trump expects his Fed pick and AI to deliver a replay of the ’90s boom. Economists have doubts.
President Donald Trump, his Treasury secretary and his choice to lead the Federal Reserve believe they can coax the U.S. economy into partying like it’s 1999.
Trump has other tariff options after Supreme Court strikes down his worldwide import taxes
President Donald Trump still has options to keep taxing imports aggressively even after the Supreme Court struck down the tariffs he imposed last year on nearly every country on earth.