Economy

109 articles in the Economy category.

President Trump signing an executive order
PoliticsEconomyAugust 8, 2025

Trump Axes Waste: EO Demands Oversight to End Absurd Federal Grants

By Tommy Flynn

By enforcing "Gold Standard Science" and prioritizing efficient recipients, the EO ensures taxpayer dollars build American prosperity, not fund radical nonsense or foreign threats.

Split Image: Erika McEntarfer and President Trump
EconomyPoliticsAugust 3, 2025

Trump Axes BLS Chief Over Suspicious Revisions Potentially Masking Economic Truth

By Tommy Flynn

National Economic Council Director Kevin Hassett, in appearances on NBC's "Meet the Press" and "Fox News Sunday," pointed to these revisions as concrete proof of incompetence or worse.

Computer chip on left, stock chart on right
EconomyScience & TechnologyAugust 3, 2025

S&P and Nasdaq Hit Record Highs Fueled by Massive Gains in the Tech Sector

By RWTNews Staff

The market’s surge comes on the heels of positive economic signals. A better than expected second-quarter GDP report underscored the strength of the U.S. economy, defying fears of tariff-related slowdowns.

President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025.
EconomyUS NewsAugust 2, 2025

Trump Spares Powell from Axe to Shield Markets from Chaos

By Tommy Flynn

Trump's restraint comes amid a stormy relationship with Powell, whom he appointed in 2018 but quickly criticized for hiking rates during his first term, which Trump argued stifled economic growth.

An AI-marked microchip
Science & TechnologyEconomyAugust 1, 2025

Pittsburgh pushes to become the world's AI capital

By RWTNews Staff

In Harrisburg on Monday, the Strike Force's executive director Joanna Doven spoke to the urgency of the moment, echoing state leaders including Gov. Josh Shapiro and Sen. Dave McCormick’s aspirations to make Pennsylvania a leader in a new era of technology.

President Donald Trump holding tariff list
US NewsEconomyAugust 1, 2025

Judges question arguments in case over Trump's tariff power

By Brett Rowland

Democrat-led states and five small businesses challenged Trump's authority under the 1977 law. A lower court tossed the tariffs, saying Trump overstepped.

President Trump at his desk
US NewsEconomyJuly 30, 2025

Trump slaps additional 40% tariff on Brazil for 'witch hunt' of former president

By Caroline Boda

Trump warned of economic retaliation against Brazil earlier this month due to what he dubbed a political “witch hunt” against his ally and former Brazilian President Jair Bolsonaro.

US $1 bills
EconomyUS NewsJuly 29, 2025

Americans are Fleeing Blue States for Red States and Bringing Their Tax Dollars With Them

By RWTNews Staff

From 2013 to 2023, blue states like California lost $102 billion in adjusted gross income (AGI), New York shed $111 billion, Illinois dropped $63 billion, New Jersey $31 billion, and Massachusetts $19 billion, per IRS migration reports.

President Donald. J. Trump exits Air Force 1 during his first official visit to Iowa as the 47th President of the United States, July 3, 2025, at the 132d Wing in Des Moines, Iowa.
US NewsEconomyJuly 29, 2025

Trump pushes ahead with reshaping global trade

By Brett Rowland

President Donald Trump pushed ahead Monday with his plan to reshape the global economy to give U.S. companies an advantage during talks with the United Kingdom and China after reaching a deal with the European Union on Sunday.

Lightsaber Collection | Unsplash
Science & TechnologyEconomyJuly 27, 2025

Assembly tech chair applauds AI fast track from Trump

By Benjamin Yount

In a poll released earlier this month by Libertas Network with a specific question from The Center Square regarding data centers, most U.S. voters oppose having data centers built in their community and even more oppose the data centers if tax incentives are awarded to have them built.

A McDonald's restaurant in Lebec, California.
EconomyUS NewsJuly 27, 2025

California’s $20 Fast-Food Wage Hike Triggers 18,000 Job Losses

By RWTNews Staff

The NBER study, authored by economists Jeffrey Clemens, Olivia Edwards, and Jonathan Meer, found that California’s fast-food sector contracted by 3.2% from September 2023 to September 2024, while national fast-food employment grew by 0.1%.

Volkswagen Plant, Wolfsburg, Germany
EconomyUS NewsJuly 26, 2025

Trump Tariffs Reshape Auto Industry, Boost U.S. Revenue

By RWTNews Staff

The U.S. has reaped significant revenue from these tariffs, with estimates suggesting over $100 billion annually in new revenue, bolstering federal coffers and supporting Trump’s goal of economic self-reliance.