Aug 03 Personalized pricing has spread across many industries. Here’s how consumers can avoid it By Jay L. Zagorsky, The Conversation As AI powers individualized pricing across industries, businesses are increasingly charging based on what they think you can pay. Continue reading
Aug 02 Analysis: The trade-offs in Trump’s trade policy By Michael Froman, Council on Foreign Relations President Donald Trump’s tariff policies create conundrums that challenge his other stated goals of winning the AI race, reindustrializing the United States, and reducing trade deficits. Continue reading
Aug 02 Watch 5:26 Economist analyzes fallout of Trump’s sweeping new tariffs and firing of BLS commissioner By Ali Rogin, Zoie Lambert The White House’s announcement Friday that it will impose hefty tariffs on imports from nearly 70 countries next week triggered the worst day on Wall Street in more than a month. Those economic jitters were compounded by a weaker than… Continue watching
Aug 01 Watch 8:32 Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says By Geoff Bennett, Jackson Hudgins President Trump announced another list of new tariffs on more than 60 countries, an unprecedented economic move that seeks to remake the global trade system. The tariffs, which range in rates from 10 to 41 percent, will take effect next… Continue watching
Aug 01 Trump fires Bureau of Labor Statistics commissioner after dismal employment report By Christopher S. Rugaber, Associated Press President Donald Trump on Friday removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Continue reading
Aug 01 What consumers can expect from import taxes as the U.S. sets new tariff rates By Dee-Ann Durbin, Anne D'Innocenzio, Associated Press Tariffs are a tax, and U.S. consumers are likely to foot at least part of that bill. Continue reading
Aug 01 U.S. employers added just 73,000 jobs last month as labor market weakens in face of Trump trade wars By Paul Wiseman, Christopher Rugaber, Associated Press The unemployment rate ticked up to 4.2% as Americans dropped out of the labor force. Continue reading
Aug 01 Wall Street takes worst tumble since May after employers slash hiring and new tariffs roll out By Damian J. Troise, Alex Veiga, Associated Press The U.S. stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from a number of U.S. trading partners. Continue reading
Aug 01 Trump demands that Federal Reserve board wrest full control of central bank from Fed Chair Powell By Josh Boak, Associated Press Federal Reserve Chair Jerome Powell has held the Fed's benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact President Donald Trump's massive tariffs had on inflation. Continue reading
Aug 01 Trump’s new tariffs lenient on some countries, while shares sink and U.S. dollar weakens By Elaine Kurtenbach, Associated Press The new rates are due to take effect on Aug. 7, but uncertainty over what Trump might do next remains. Continue reading