129 articles in the Economy category.
By Orphe Divounguy
As Washington remains gridlocked, Americans face more than political theater – they're losing access to critical economic information. The government shutdown has halted the release of key data that Federal Reserve officials use to guide interest rate decisions and that businesses rely on for planning.
By Morgan Sweeney
The S&P finished the day at 6,711.20, up 0.34% from Tuesday. The broad market index also saw an intraday record. The Dow Jones Industrial Average rose 43.21 points, or 0.09%, to close at 46,441.10. The Nasdaq composite climbed 95.15 points, or 0.42%, ending the day at 22,755.16.
By Brett Rowland
Trump has said he wants to use tariffs to restore manufacturing jobs lost to lower-wage countries in decades past, shift the tax burden away from U.S. families, and pay down the national debt.
By Orphe Divounguy
The risk for markets lies in the gap between expectations and reality. If the Fed proves more cautious than markets anticipate, the recent easing in financial conditions could reverse quickly, creating volatility across asset classes.
By Brett Rowland
Democracy Restored, a nonprofit dedicated to showing how government works, reviewed the tax returns of more than 75 of the top nonprofit organizations focused on climate change.
By Tommy Flynn
The timing of these disclosures fuels suspicions of foul play. Throughout 2024, monthly jobs reports under Biden touted robust growth—averaging over 200,000 additions per month—bolstering claims of a thriving recovery that Democrats leveraged on the campaign trail.
By Tommy Flynn
Solicitor General D. John Sauer urged the justices to decide by September 10 whether to take up the case and, if granted, schedule oral arguments for the first week of November.
By RWTNews Staff
The referral focuses on a Cambridge, Massachusetts condominium. On April 7, 2021, Cook secured a 15-year mortgage, classifying it as a "second home" for favorable terms like lower interest rates and down payments.
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.
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.
By Morgan Sweeney
The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74.
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.