Economy

Filter

It’s one of Starbucks’ busiest days of the year, and workers just kicked off a 65-store U.S. strike

By Dee-Ann Durbin, Associated Press

The strike was intended to disrupt Starbucks' Red Cup Day.

50-year mortgages? $2,000 tariff checks? What experts think of some of Trump’s unique policy ideas

By Louis Jacobson, PolitiFact

Each idea is, for now, little more than a presidential musing on social media.

Atlanta Fed president Bostic to retire, opening seat on interest-rate setting committee

By Chris Rugaber, Associated Press

It comes as President Trump is seeking to exert more control over the central bank.

U.S. Mint in Philadelphia presses final penny as the 1-cent coin gets canceled

By Maryclaire Dale, Associated Press

The last pennies were struck at the mint in Philadelphia, where the country’s smallest denomination coins have been produced since 1793, a year after Congress passed the Coinage Act. Officials said the final few pennies would be auctioned off.

Trump floats tariff ‘dividends’ for Americans, but experts question the math

By Amna Nawaz, Jackson Hudgins

President Trump doubled down on an idea to send $2,000 checks to millions of Americans. He has offered no specifics, but Trump suggested the government could send that money to low and middle-income Americans and still have enough tariff revenue…

Continue watching

Fact-checking Trump’s promise to give Americans $2,000 payments from tariff dividends

By Louis Jacobson, PolitiFact

Over the weekend, President Donald Trump promised Americans $2,000 each from the "trillions of dollars" in tariff revenue he said his administration has collected.

The government shutdown will impact an already-struggling economy, from lost paychecks to canceled flights

By Christopher Rugaber, Associated Press

The Congressional Budget Office estimated that about $11 billion in economic activity will be permanently lost from a six-week shutdown.

Supreme Court expected to rule on whether full SNAP payments must resume

By Geoff Mulvihill, Margery A. Beck, Associated Press

Resuming the program is a piece of the legislation adopted by the Senate and now headed to the House on to reopen the federal government.

With government jobs report delayed, what other data reveals about the economy

By Paul Solman, Jackson Hudgins

The labor market may not be cratering, but it does not look very strong. This week, a private report found 42,000 new jobs were created last month. Then, a separate report found more than 150,000 jobs were cut in October…

Continue watching

Musk could become world’s first trillionaire as Tesla shareholders approve giant pay package

By Bernard Condon, Associated Press

Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade.