Economy

109 articles in the Economy category.

President Donald Trump in the Oval Office on May 8, 2025.
EconomyWorld NewsAugust 27, 2025

Trump goes on attack over digital services taxes, threatens tariffs

By Brett Rowland

Trump earlier this year killed Canada's plans to implement a digital services tax, but the president has made clear he doesn't want to see similar taxes pop up elsewhere, threatening to respond with U.S. tariffs if countries impose the tax unilaterally.

Now hiring sign
EconomyUS NewsAugust 27, 2025

Second-highest unemployment rate still in California

By Dave Mason

California’s unemployment rate was 5.5% in July. The only place with a worse rate was Washington, D.C., at 6%, the bureau said.

Federal Reserve Chairman Jerome Powell testifies before Congress on Tuesday, June 24, 2025
EconomyUS NewsAugust 24, 2025

Dow hits record high after Fed Chair hints at September rate cuts

By Morgan Sweeney

The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74.

Exterior of a closing Bed Bath & Beyond store
US NewsEconomyAugust 20, 2025

Bed Bath & Beyond Ditches California Stores, Citing Overregulation and High Costs; Newsom's Office Gives Childish Response

By Tommy Flynn

In a statement posted on X, Lemonis explained the decision prioritizes the company's viability, employees, and customers over operating in an environment that hinders success.

$100 bills
EconomyUS NewsAugust 20, 2025

Pacific region sees higher inflation than national average

By RWTNews Staff

The inflation rate in the Pacific region is being caused by larger annual gains in medical care, services, housing, transportation and food, according to the report.

Overhead view of a residential neighborhood
EconomyUS NewsAugust 18, 2025

Everyday Economics: Housing market and Fed policy in focus in the week ahead

By Orphe Divounguy

The story remains stubbornly consistent: despite homes becoming slightly more affordable, sales are stuck in neutral.

White House Press Secretary Karoline Leavitt  White House
US NewsEconomyAugust 16, 2025

Report: average American to receive $3,752 tax cut in 2026 due to OBBBA

By Thérèse Boudreaux

According to the nonpartisan Tax Foundation report, taxpayers in every state will see reduced federal taxes next year and though there is “considerable geographic variation” in tax benefits.

Americans Distrust Government Data Amid BLS Job Revision Scandals
US NewsEconomyAugust 15, 2025

Americans Distrust Government Data Amid BLS Job Revision Scandals

By RWTNews Staff

Conducted August 13-14 among 1,000 registered voters, the survey shows 46% view BLS data as unreliable, while just 13% find it very reliable. Two-thirds (68%) believe politics biases government information.

A Halifax, Nova Scotia construction site as seen in 2015
World NewsEconomyAugust 9, 2025

Trump's Tariffs Shake Canada’s Economy: 40,800 Jobs Lost as America First Policy Takes Hold

By RWTNews Staff

The manufacturing sector, a cornerstone of Canada’s economy, bore the brunt of these tariffs, with employment dropping by nearly 10,000 jobs compared to last year.

Intel CEO Lip-Bu Tan Addresses Concerns Over China Ties, Pledges Full Cooperation with Trump Administration
EconomyScience & TechnologyAugust 9, 2025

Intel CEO Lip-Bu Tan Addresses Concerns Over China Ties, Pledges Full Cooperation with Trump Administration

By Tommy Flynn

This response follows Sen. Tom Cotton's (R-Ark.) letter to Intel Chairman Frank Yeary, which raised alarms about Tan's connections to Chinese companies linked to the Chinese Communist Party (CCP) and People's Liberation Army (PLA).

Barr Introduces Bill to Permanently End Politicized Debanking
PoliticsEconomyAugust 9, 2025

Barr Introduces Bill to Permanently End Politicized Debanking

By Tommy Flynn

This Bill would Codify President Trump's recent EO into law and ensure future administrations can't weaponize the financial system.

President Trump smiling with two thumbs up
EconomyUS NewsAugust 8, 2025

Trump's Economic Revival: Surpassing Biden's Legacy and Shattering Doomsayer Forecasts

By Tommy Flynn

Trump inherited Biden's mess—high inflation, supply disruptions, and debt—but transformed it into prosperity for workers, families, and industries.