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President looks to Walmart’s promotion as proof he lowered cost of living. But holiday prices are volatile, economists sayIf you feel like the price of Thanksgiving this year is more expensive to gobble up, you’re not alone. Amid widening concerns abou…
Bureau of Labor Statistics canceled release of October’s consumer price index, citing the government shutdownThe US federal government will not publish official data on inflation for October, depriving policymakers at the Federal Reserve of key informa…
Unemployment rate hits 4.4%, its highest level since 2021, and government has said no October report will be issuedThe US jobs market added 119,000 jobs in September, according to the latest monthly jobs report, which was delayed by six weeks due to th…
Amid a blackout of data due to the government shutdown, the $5tn chipmaker’s report took on wider significanceMarkets expectations around Wednesday’s quarterly earnings report by the most valuable publicly traded company in the world had risen to a fev…
The Maga base rallied on inflation and racial grievances, but stressing race over the economy is costing the US presidentDonald Trump’s 2024 campaign strategy leaned heavily on two sources of grievance among the Maga base. The first was the rising cost…
Lisa Cook’s lawyer details defense against accusations she misrepresented residences to get better mortgage rateLawyers for Lisa Cook, the Federal Reserve governor, called Trump administration allegations of mortgage fraud against her “baseless” on Mon…
Trump’s team flirts with weakening the dollar, threatening US influence, low borrowing costs and global stabilityMagical thinking is indispensable to understanding Team Trump’s economic policymaking. The White House often seems to believe two opposing …
Justices grill administration over imposition of steep duties as Sotomayor says: ‘I just don’t understand this argument’The US supreme court appeared skeptical of the legal basis of the Trump administration’s sweeping global tariff regime on Wednesday …
Those among the 42 million enrolled in the program worry that cutoff of the benefit will send their lives into a tailspinAcross the country, Americans who depend on government help to buy groceries are preparing for the worst.As a result of the ongoing…
The US high court will hear arguments on whether Trump’s erratic imposition of global tariffs is legally validDonald Trump thrives on emergencies. He cried havoc on the very first day of his second term, declaring a national emergency caused by an “inv…