Category: United States Economy

Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic

The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
The Unexpected Winners From Trump’s New Global Tariff

The president’s flat 10 percent tariff is most beneficial to nations that previously faced the highest rates. But it’s not clear how much that will prompt a new surge in imports.
U.S. and Israeli War With Iran Will Likely Send Oil Prices Soaring

Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Businesses Push for Tariff Refunds as Trump Aides Hint at Fight to Come

By the president’s own admission, it could be years before the matter is settled, even though the administration previously indicated it would pay.
Bleak Research Report Stokes A.I. Debate on Wall St.

In a widely circulated note, Citrini Research painted a dire picture of job losses and stock market sell-offs, though many analysts and economists questioned its conclusions.
Home Depot Says Homeowners Are Weary From Economic Pressures

Sales fell at the home-improvement retailer, as homeowners shied away from big-ticket home improvement projects amid worries about housing costs and the job market.
Trump’s Tariffs Go Into Effect at 10 Percent, Not 15

The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.
Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs

President Trump is already working to piece his tariff program back together, after a Supreme Court ruling ruptured a centerpiece of his economic agenda.
Fact-check: Trump’s Latest Claims on Jobs, Inflation and Crime

Trends on jobs, inflation and crime that began before Donald Trump retook office continued, largely unabated, in his first year back.
Homeownership Is Out of Reach for Many Americans, Despite a Buyer’s Market

A growing split between low-to-middle-income families and wealthy households is changing who has access to homeownership now.
Trump’s Challenge to Free Market Capitalism

Stakes in private companies. Handshake deals with chief executives. The president’s economic policy has drifted far from principles that long defined the Republican Party. Is it capitalism at all?