United States Economy
Trump Proposes $163 Billion in Cuts Across Government in New Budget
[ad_1] President Trump on Friday proposed slashing $163 billion in federal spending next fiscal year, a drastic retrenchment in the role and reach of government that, if enacted, would eliminate...
Stock Market on Track to Erases Losses From Trump’s ‘Liberation Day’ Tariff Rollout
[ad_1] Stocks were on track on Friday to erase their losses from the days after President Trump’s chaotic rollout of tariffs in early April, bolstered in part by a healthy...
Here’s what to know:
[ad_1] A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President...
U.S. and China Dig In on Trade War, With No Plans for Formal Talks
[ad_1] As trade tensions flared between the world’s largest economies, communication between the United States and China has been so shaky that the two superpowers cannot even agree on whether...
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
[ad_1] A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President...
Exxon and Chevron Report Lower Profits While Girding for Tariffs
[ad_1] The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has...
Hospitality hiring could slow as foreign tourists skip the U.S., for now.
[ad_1] A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President...
President Trump remains bullish, even as the economy flashes warning signs.
[ad_1] A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President...
After weeks of volatile trading, Friday’s report could set the tone on Wall Street.
[ad_1] May 2, 2025, 6:01 a.m. ETTraders at the New York Stock Exchange on Thursday.Credit...Richard Drew/Associated PressInvestors will be closely watching the jobs report on Friday for any signs that...
U.S. Dollar Falls. The Euro Could Step Up as Reserve Currency
[ad_1] The U.S. dollar has fallen about 9 percent in the past three months, according to an index that tracks its performance against a basket of major trading partners. Not...
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