Politics Sep 28 Trump administration lowers fuel economy standards, critics say at a significant environmental cost The change furthers President Donald Trump’s promise to revoke policies that encouraged or created incentives for the production of electric vehicles.
Economy Sep 16 Retail sales rise better-than-expected 1.2% in August The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation.
Economy Aug 14 U.S. retail sales unexpectedly post largest drop in more than a year The drop in spending raised concern among some economists about the resiliency of consumers who have powered the economy forward despite nagging inflation and soaring gasoline prices.
Nation Jul 24 Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil supplies stranded…
Economy May 14 Retail sales growth slowed in April as Iran war fuels higher gas prices Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the largest one-month increase in retail spending in more than three years, largely because…
Economy Nov 28 U.S. retailers are about to see if shoppers are willing to spend on Black Friday The annual sales event still brings more shoppers into stores than any day of the year and still rules as the U.S. retail industry's unofficial start of the holiday shopping season.
Economy Jun 11 U.S. inflation rose slightly last month as grocery prices ticked higher The figures suggest inflation remains stubbornly above the Federal Reserve's 2% target, which makes it less likely that the central bank will cut its key short-term interest rate.
Economy May 15 Walmart will raise prices due to tariff costs Executives at the $750 billion company told industry analysts Thursday that they're doing everything in their power to absorb the higher costs from tariffs ordered by Trump. Given the magnitude of the duties, however, the highest since the 1930s, higher…
Nation Apr 30 Shipments from China fall as Trump's tariffs loom over economy The president’s massive and unpredictable taxes on imports seems likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks.
Economy Mar 06 Holiday toys may cost more by fall thanks to new U.S. tariffs on Chinese imports President Donald Trump's changing statements and policies on tariffs have made it challenging for toy companies to plan accordingly.