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
Dec 03 What's next for U.S. retailers after the Thanksgiving shopping weekend By Anne D'Innocenzio, Associated Press The nation’s shoppers may feel gloomy about the economy, but they certainly were in the mood to shop over the five-day Thanksgiving weekend that wrapped up on Cyber Monday. Continue reading
Dec 02 WATCH: Trump claims tariff revenue will cover tax refunds and eventually eliminate income tax By Associated Press It’s not clear how that would work or if Trump could afford to do so without worsening the national debt, which he claims his tariffs will also cut. Continue reading
Nov 28 U.S. retailers are about to see if shoppers are willing to spend on Black Friday By Anne D'Innocenzio The annual sales event still brings more shoppers into stores than any day of the year and still rules as the U.S. retail industry's unofficial start of the holiday shopping season. Continue reading