188 articles in the Economy & Business category.
By Tommy Flynn
The White House Council of Economic Advisers released a report Thursday scoring the Democratic Socialists of America’s platform at a net fiscal cost of $48.9 trillion over ten years, or about $355,000 per American household. The report, “The Real Cost of Socialism in America,”...
By Tommy Flynn
Gulf crude exports climbed back above a pre-war baseline in the final week of September, while Iranian loadings have effectively stopped, according to tanker-tracking data from Kpler. Kpler figures cited by CNBC and Gulf News put regional crude exports at about 16.5 million...
By Tommy Flynn
The Trump administration has told France and Germany to draw down emergency diesel stocks or face a possible U.S. ban on diesel exports. The warning, reported Thursday by Reuters from three people close to the talks, is aimed at record American diesel prices ahead of the Nov. 3...
By Tommy Flynn
EPA Administrator Lee Zeldin told Newsmax on Monday that gasoline price trends are moving in the right direction as the administration presses domestic production, deregulation, and temporary fuel waivers against still-elevated pump prices. The comments came on Newsmax TV as the...
By Tommy Flynn
President Trump said Monday that Mesabi Metallics will build a $15 billion steel mill in Iowa, calling it “the largest steel plant in American history” and “the largest plant in America by far.” The Oval Office event included Mesabi Chairman Rewant Ruia, CEO Joe Broking,...
By Tommy Flynn
Treasury Secretary Scott Bessent said Sunday that Iran will finish delivering the last barrels of oil still at sea to China within about two weeks and then have “nothing left to trade for anything.” He spoke on Fox News’s “Sunday Morning Futures” with Larry Kudlow. The same...
By Orphe Divounguy | The Center Square contributor
(The Center Square) – Americans haven’t stopped spending. They are looking harder for a price they can live with. Bank of America’s August card data show spending per household rose 4.5% from a year earlier. But big-box and general merchandise stores outperformed traditional...
By Tommy Flynn
The United States and China have published product lists tied to a planned approximately $30 billion tariff arrangement. The U.S. list of goods entering the country contains 77 entries, including fireworks, household products, sporting equipment, and toys, according to documents...
By Tommy Flynn
President Donald Trump announced Saturday that he has approved new federal fuel-economy standards that terminate what he called the Biden administration’s electric-vehicle mandate. Transportation Secretary Sean Duffy said the final rule will be issued Monday and constitutes “a...
By Tommy Flynn
As President Donald Trump hosted Chinese President Xi Jinping for a three-day state visit, U.S. and Chinese officials discussed reducing or eliminating Beijing’s 15 percent tariff on American liquefied natural gas. The talks form part of a broader energy and agriculture package...
By Tommy Flynn
President Donald Trump said Tuesday he has told his team to look at keeping more diesel at home as pump prices hit records. “I’ve said let’s not send out the diesel. We make a lot of diesel … I’ve called for it. I’ve called for it within my people,” he told reporters at the...
By Tommy Flynn
Adm. Brad Cooper, commander of U.S. Central Command, said Saturday that American forces have supported the movement of more than 1 billion barrels of crude oil out of the Persian Gulf through the Strait of Hormuz over the past two months. In a video posted to CENTCOM’s X...