An additional 276,000 people filed for Social Security benefits so far this fiscal year, up 13% from a year ago. Anxiety appears to be a driver.
Category: United States Economy
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Trump’s Movie Tariffs Run the Risk of a Second, More Damaging, Trade War
Hollywood offers a service, and services are what really drive the U.S. economy. President Trump’s proposed tax could set off a second, and more damaging, trade war.
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The Stock Market’s Boomerang Month Has Put Investors in a Bind
Although they long for more clarity about tariffs, investors feel they can’t sit on the sidelines as stocks climb.
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Trump’s China Deal Eases Tariffs but Doesn’t Resolve Future Uncertainty
A 90-day pause on punishing tariffs could restart trade between the world’s largest economies. But it is not enough to resolve uncertainty about the economy.
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Carvana, a Used Car Retailer, Thinks Trump’s Tariffs Could be Good for Business
The chief executive of Carvana, which sells used cars online, said President Trump’s tariffs could help his company by increasing demand for its vehicles.
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U.S. Inflation Mild Ahead of Expected Jump From Tariffs
Economists and policymakers are bracing for inflation to re-accelerate as companies adapt to President Trump’s trade war.
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U.S. Could Lose $12.5 Billion In International Travel Spending This Year, Tourism Council Says
Border detentions and confusion over visas are deterring international visitors, according to the World Travel & Tourism Council, and the price tag for their hesitancy could be steep.
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Trump’s China Deal Frees Up Shipping. Will Goods Pour Into the U.S.?
The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.
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Tariff Truce With China Demonstrates the Limits of Trump’s Aggression
President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
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Fed Official Still Bracing for Economic Slowdown Despite China Tariff Pause
Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House’s trade policy.
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For Trump, It’s a New Era of Deal-Making With Tech’s Most-Coveted Commodity
As the president heads to the Middle East, America’s dominance over A.I. chips has become a powerful source of leverage for the president.