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
Jun 26 U.S. economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed By Paul Wiseman, Associated Press The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department said. Continue reading
Jun 09 With trade talks due to start, China says exports to U.S. fell 35% in May By Elaine Kurtenbach, Associated Press China has reported its exports to the United States fell 35% in May from a year earlier, straining the economy, as trade talks with Washington were due to start in London. Continue reading
Jun 04 Watch 6:34 What's ahead for U.S. economy as global market reacts to Trump's tariffs By Geoff Bennett, Jackson Hudgins The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies would reduce the deficit by $2.8 trillion over the next decade, but raise inflation and shrink the size of the economy. It… Continue watching
May 29 Watch 4:17 What's next for Trump's tariffs amid legal back and forth By Stephanie Sy, Jonah Anderson President Trump's sweeping tariffs remain in place after a day of legal whiplash. Two federal courts, including a special court of international trade, ruled against many of the tariffs, saying that the president did not have the specific authority he… Continue watching
May 29 Watch 6:48 Kevin O'Leary on Trump's trade war and battle with Harvard By Amna Nawaz, Courtney Norris For one view on President Trump’s trade wars and his battle against Harvard, Amna Nawaz spoke with Kevin O’Leary, a businessman, celebrity investor and a regular on the show “Shark Tank” where he is known as Mr. Wonderful. Continue watching
May 15 Retail sales slow a month after Americans ramped up shopping to get ahead of tariffs By Christopher Rugaber, Anne D'Innocenzio, Associated Press U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs. Continue reading
May 14 Watch 5:53 Port of LA head describes how Trump's tariffs are affecting imports By Geoff Bennett, Karina Cuevas Trade tensions between the U.S. and China may be cooling but the economic fallout is still rippling through the Port of Los Angeles. This matters because the port plays a major role in the global supply chain and a slowdown… Continue watching
May 13 Watch 7:22 What trouble in the bond market means for your investments and the economy By Paul Solman, Diane Lincoln Estes The April inflation numbers show that prices did not jump significantly after President Trump imposed higher tariffs and then, in many cases, delayed them. But the longer term is still uncertain. The market response to the back-and-forth over trade has… Continue watching
May 12 Watch 4:55 U.S. and China roll back steep tariffs as they try to reach a larger deal By Lisa Desjardins, Winston Wilde There's been a big breakthrough in the battle over tariffs. The United States and China have paused many of their most punishing tariffs, for the time being, while they try to reach a larger deal. It's a major thaw in… Continue watching