Jul 30 Watch 7:32 Economy grows more than expected despite trade war concerns By Geoff Bennett, Jackson Hudgins The Federal Reserve announced it would keep interest rates steady, despite dissents from two members of its rate-setting committee who were appointed by President Trump. Trump has been pressuring Jerome Powell to cut rates, but the Fed chair has expressed… Continue watching
Jul 30 U.S. economy expanding 3% in second quarter, bounding back but growth masks economic uncertainty from Trump’s tariffs By Paul Wiseman, Associated Press The Commerce Department reported Wednesday that America gross domestic product — the nation's output of goods and services — rebounded after falling at a 0.5% clip from January through March. The first-quarter drop was mainly caused by a surge in… Continue reading
Jul 29 Trump’s tariffs could squeeze U.S. factories and raise costs by up to 4.5%, a new analysis finds By Josh Boak, Paul Wiseman, Associated Press The analysis by the Washington Center for Equitable Growth warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin. Continue reading
Jul 28 Watch 9:07 EU ambassador breaks down implications of U.S. trade deal: ‘We know where we are going’ By Amna Nawaz, Murrey Jacobson, Dan Sagalyn The announcement of the U.S.-European trade deal marks an important moment in President Trump’s larger battles over tariffs and trade. But it’s generating mixed reactions in Europe and in the U.S. Amna Nawaz discussed more with Jovita Neliupšienė, the European… Continue watching
Jul 28 Trump is getting the world economy he wants — but the risk to growth could spoil his victory lap By Josh Boak, Paul Wiseman, Associated Press Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to accept higher costs — in the form of high tariffs — for the privilege of selling their wares to the United… Continue reading
Jul 27 Watch 7:31 How funding cuts to national parks may harm the communities around them By Ali Rogin, Kaisha Young From the towering peaks of Yosemite to the vast canyons of Zion, America’s national parks have long been considered national treasures. But federal funding cuts imposed by the Trump administration are leaving a mark on these iconic landscapes and the… Continue watching
Jul 27 WATCH: Trump and von der Leyen announce U.S.-EU trade framework By Will Weissert, Associated Press The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher imports on both sides that might have sent shockwaves through economies around the… Continue reading
Jul 27 Researchers examine why so many American workers feel guilty taking vacation time By Karen Tan, The Conversation A 2024 Pew Research Center survey found that nearly half of American workers don’t take all the vacation days they’ve been allotted. And many of them feel as if they’re discouraged from using their time off. Continue reading
Jul 26 Trump says Japan is investing $550B in the U.S. at his direction. It may not be a sure thing By Josh Boak, Mari Yamaguchi, Associated Press President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. Continue reading
Jul 25 U.S. stocks coast toward the finish of a record-setting week By Stan Choe, Associated Press Wall Street has zoomed higher on hopes that President Donald Trump will reach trade deals with other countries that will lower his stiff proposed tariffs, along with the risk that they could cause a recession and drive up inflation. Continue reading