Dec 24 U.S. unemployment claims dropped again last week, remaining at a historically healthy level By Matt Ott, Associated Press U.S. applications for jobless claims for the week ending Dec. 20 fell by 10,000 to 214,000 from the previous week's 224,000, the Labor Department reported Wednesday. Continue reading
Dec 23 The U.S. stock market had a rocky start to the year, thanks to tariffs and Trump's fight with the Fed. But it's ending on a high note By Stan Choe, Associated Press Outside of stocks, bitcoin soared and then swooned and the "queasy" bond market got Trump's attention. Continue reading
Dec 22 Jim Beam to close one of its Kentucky distillery for a year as the whiskey industry navigates tariffs By Jeffrey Collins, Associated Press The company's larger distillery in Boston, Kentucky, will continue to operate, the company said. Continue reading
Dec 16 The U.S. gained 64,000 jobs in November but lost 105,000 in October as the unemployment rate rose to 4.6% By Paul Wiseman, Associated Press Hiring has clearly lost momentum, hobbled by uncertainty over President Donald Trump's tariffs and the lingering effects of the high interest rates the Federal Reserve engineered in 2022 and 2023 to rein in an outburst of inflation. Continue reading
Dec 13 Watch 3:55 How tariffs on China are making the holiday season less merry for shoppers By John Yang, Veronica Vela, Claire Mufson, Laine Immell This year it might not be the Grinch who threatens to steal Christmas, but tariffs. According to an analysis by Lending Tree, if Trump’s tariffs had been in place last year, they would have increased consumer costs by $28 billion… Continue watching
Dec 11 Watch 5:57 A new U.S. tariff could double the price of Italian pasta By Deema Zein, Maea Lenei Buhre, Sam Weber, Jenna Bloom Italian cuisine gained a new honor this week when it became the first gastronomic style to be recognized as “intangible cultural heritage” by UNESCO, the United Nation's cultural body. But American cooks face a new potential tariff that may double… Continue watching
Dec 08 Watch 6:45 Trump proposes $12 billion in aid to farmers after 'exceptionally difficult year' By William Brangham, Azhar Merchant, Nana Adwoa Antwi-Boasiako President Trump announced a $12 billion relief plan for American farmers on Monday. It’s aimed at supporting an industry hit by lower sales, higher expenses and the president’s tariff policy. Patrick Thomas of The Wall Street Journal, joins William Brangham… Continue watching
Dec 08 WATCH: Trump proposes $12 billion farm aid package as farmers grapple with tariff pains By Seung Min Kim, Josh Funk, Didi Tang, Associated Press President Donald Trump announced a $12 billion farm aid package on Monday — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of… Continue reading
Dec 04 Trump has said tariff revenue may allow Americans to stop paying income taxes. The math doesn't add up By Louis Jacobson, PolitiFact The federal income tax brought in about $2.4 trillion in 2024, which is more than 14 times what Trump’s second-term tariffs are generating. Continue reading
Dec 03 Costco becomes biggest company demanding refunds on Trump tariffs By Paul Wiseman, Associated Press Costco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump’s most sweeping import taxes. Continue reading