129 articles in the Economy category.
By Tommy Flynn
The Labor Department reported Tuesday that annual inflation fell to 3.5 percent in June, marking the largest one-month drop in over six years. The Bureau of Labor Statistics attributed the decline largely to lower energy prices, with the consumer price index decreasing 0.4...
By Tommy Flynn
Toyota Motor Corp. announced plans to invest $3.6 billion in expanding its manufacturing campus in San Antonio, Texas, moving production of its popular Tacoma midsize pickup truck from Mexico back to the United States. The move is expected to create about 2,000 new American jobs...
By Tommy Flynn
A new working paper from economists at the Federal Reserve Bank of Dallas and San Francisco estimates that the record wave of unauthorized immigration during the Biden administration significantly boosted local employment but acted as a major demand shock in U.S. housing...
By Tommy Flynn
Ship traffic through the Strait of Hormuz has risen sharply in recent weeks following the U.S.-Iran ceasefire, with estimates showing dozens of vessels crossing daily. Many are operating with transponders disabled, complicating precise tracking but signaling a return toward...
By Tommy Flynn
The United States announced it will not renew the United States-Mexico-Canada Agreement in its existing form, opting instead for annual reviews to address ongoing trade imbalances and structural shortcomings. U.S. Trade Representative Jamieson Greer stated on July 1, 2026, “The...
By Orphe Divounguy | The Center Square contributor
(The Center Square) – Last month, inflation was still too high but some households got a little breathing room. In May 2026, the Federal Reserve’s preferred inflation gauge, the PCE price index, was 4.1% higher than a year earlier – still more than double the Fed’s 2% target....
By Tommy Flynn
Treasury Secretary Scott Bessent expressed high confidence in the U.S. economy under President Donald Trump during a June 27, 2026, interview on the Just the News No Noise television program. He predicted the economy would achieve more than 3 percent annual growth for the full...
By Tommy Flynn
Shipping data confirms robust transit through the Strait of Hormuz, with oil tankers and cargo vessels moving at a rapid pace even as Iranian officials assert administrative control over the vital waterway. Recent vessel tracking shows multiple tankers exiting the Persian Gulf...
By Tommy Flynn
Washington, D.C. – New Federal Reserve Chairman Kevin Warsh held his inaugural press conference on June 17, 2026, following the Federal Open Market Committee’s decision to hold interest rates steady at 3.50%-3.75% for the fourth consecutive meeting. Warsh used the opportunity to...
By Tommy Flynn
Washington, D.C. – Global financial markets reacted positively on June 15, 2026, to the announcement that the United States and Iran have reached a comprehensive peace agreement, with U.S. stock futures surging and oil prices tumbling as investors priced in reduced geopolitical...
By Tommy Flynn
Washington, D.C. – Space Exploration Technologies Corp. (SpaceX) made history on June 12, 2026, with the largest initial public offering ever, raising $75 billion and debuting on the Nasdaq under the ticker SPCX with strong investor demand that propelled its shares up nearly 19%...
By Morgan Sweeney | The Center Square
(The Center Square) – The price of Brent crude oil continued a steady decline Thursday, a day after President Donald Trump announced that a secret U.S. military mission has been escorting commercial vessels through the Strait of Hormuz. Brent crude closed Wednesday at $93.10 per...