Mar 27 Europe criticizes Trump auto tariffs, warning of economic threat to both continents By David McHugh, Lorne Cook, Aamer Madhani, Danica Kirka, Associated Press The auto tariffs will be felt sharply in Europe, for whom the U.S. is the biggest export market for an industry that supports nearly 14 million jobs. Continue reading
Mar 25 U.S. consumer confidence tumbles for the 4th straight month amid tariff and inflation concerns By Matt Ott, Associated Press The Conference Board's report Tuesday said that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2 - the lowest reading in 12 years. Continue reading
Mar 20 Watch 7:02 A look at the real reasons behind soaring egg prices By Paul Solman, Diane Lincoln Estes Egg prices have soared to new records over the last couple of months. The wholesale price for a dozen white eggs climbed to over $8 in February. Since then, that price has dropped but the prices consumers pay at the… Continue watching
Mar 17 Tariffs on lumber, appliances set stage for higher costs on new homes and remodeling projects By Alex Veiga, Mae Anderson, Associated Press The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential… Continue reading
Mar 17 Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this week By Christopher Rugaber, Associated Press Ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment. Continue reading
Mar 17 U.S. shoppers mildly increased spending in February as anxiety over the economy rises By Christopher Rugaber, Anne D'Innocenzio, Associated Press US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. Continue reading
Mar 14 Watch 6:37 News Wrap: Senate advances GOP plan to fund government through September In our news wrap Friday, the Senate advanced a bill by the GOP-led House that would fund the government through the end of September, the FAA announced permanent restrictions on non-essential helicopter flights around Washington's National Airport and the Trump… Continue watching
Mar 13 Watch 4:01 Why Trump and Musk want to audit gold reserves at Fort Knox By Deema Zein, Paul Solman President Trump and Elon Musk have cast doubt on whether the U.S. gold reserves stored at Fort Knox still exist. Treasury Secretary Scott Bessent insists the gold is safe. The conversation led our digital anchor Deema Zein to dig deeper… Continue watching
Mar 13 Wall Street tumbles to its first ‘correction’ since 2023 amid Trump’s escalating trade war By Stan Choe, Associated Press Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10 percent below its record, which was set just last month. Continue reading
Mar 12 Watch 4:36 Canada and EU announce retaliatory tariffs, escalating Trump’s trade war By Stephanie Sy, Jonah Anderson, Azhar Merchant The trade war between the U.S. and dozens of countries escalated yet again Wednesday. Canada and the European Union announced their own tariffs designed to inflict economic pain and pressure on America. But President Trump said he would not be… Continue watching