Must-See: Elon's New "Space" Device
Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.
European Central Bank head: Frequent shocks to economy make inflation more unpredictable
FRANKFURT, Germany (AP) — The head of the European Central Bank said inflation has become more unpredictable due to shocks like the COVID-19 pandemic and Russia’s invasion of Ukraine - and that policymakers need to take the possibility of such extreme scenarios into account and communicate them to the public as well.
U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed
WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected downgrade from its previous estimate.
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Russia's economy minister says the country is on the brink of recession
ST. PETERSBURG, Russia (AP) — Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports.
Middle East conflict threatens to exacerbate inflationary pressure on some things
Israel's has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households.
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Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%
WASHINGTON (AP) — President Donald Trump’s are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.
U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies
WASHINGTON (AP) — The American job market likely continued to slow last month, hobbled by worries over President Donald Trump’s trade wars, deportations and purges of the federal workforce.
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Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
WASHINGTON (AP) — President Donald Trump’s would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by .
The euro is about to get a new member, Bulgaria. What's the eurozone and how do countries join?
FRANKFURT, Germany (AP) — European Union officials gave the green light Wednesday for of the euro currency union,, a key EU project aimed at deepening the ties between member countries.
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British government is out of the banking business with sales of remaining shares in NatWest
LONDON (AP) — The British government sold its remaining shares in NatWest bank, which it bailed out during the 2008 financial crisis, at a taxpayer cost of 10.5 billion pounds ($14.1 billion), the Treasury said Friday.
South Korea's central bank cuts borrowing costs to nurse the sluggish economy
SEOUL, South Korea (AP) — South Korea’s central bank cut its key interest rate and sharply lowered its growth outlook for the country’s economy in 2025, as it moved Thursday to counter U.S. President Donald Trump’s tariff hikes and weak domestic demand worsened by recent political turmoil.
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Germany's economy grew by 0.4% in the 1st quarter. That's double the initial estimate
BERLIN (AP) — The , Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing, official data showed Friday. That was double the growth initially estimated.
Tariffs, inflation and leery customers are hitting retailers in different ways
Retailers are trying to navigate their way through economic uncertainty in 2025. , inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending.
Must-See: Elon's New "Space" Device - Ad
Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.
Trump's massive import taxes haven't done much economic damage -- yet
WASHINGTON (AP) — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes – tariffs – would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually , and in April.
Moody's strips U.S. government of top credit rating, citing Washington's failure to rein in debt
WASHINGTON (AP) — Moody's Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments' failure to stop a rising tide of debt.
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UN forecasts slower global economic growth following Trump's tariffs and trade tensions
UNITED NATIONS (AP) — The United Nations on Thursday forecast slower global economic growth this year and next, pointing to the impact of the and .
Funds from migrants sent back home help fuel some towns' economies. A GOP plan targets that
WASHINGTON (AP) — Israel Vail’s entire life in the small western Guatemalan town of Cajolá is built off the money that his three children send home from the United States.
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US and Chinese officials meet in Geneva to discuss tariffs as the world looks for signs of hope
GENEVA (AP) — The U.S. treasury secretary and America’s top trade negotiator will meet with high-ranking Chinese officials this weekend to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and to damage global commerce.
Asian stocks are mixed after hopes for China-US talks, trade deal with the UK lift Wall Street
HONG KONG (AP) — Shares were mixed in Asia on Friday as investors pinned their hopes on between China and the U.S.
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Czech central bank cuts key interest rate to 3.5% as inflation drops more than expected
PRAGUE (AP) — The Czech Republic’s central bank cut its key interest rate Wednesday , with lower-than-expected inflation.
Federal Reserve to face tough balancing act between fighting inflation and lifting growth
WASHINGTON (AP) — The Federal Reserve could keep its key rate unchanged for several more months as it seeks to evaluate the impact of President Donald Trump's on and , some economists say, even as the White House for a rate cut.
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Federal Reserve likely to defy Trump, keep rates unchanged this week
WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of and demands from President Donald Trump that the Fed reduce borrowing costs.
Trump says it's Biden's economy, but businesses and economists beg to differ
WASHINGTON (AP) — When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did.
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Weak GDP report tied to tariffs has Trump trying to blame Biden on the state of the economy
WASHINGTON (AP) — got worrisome news on Wednesday about how the U.S. economy is battening down for potential fallout from his tariffs — and he was quick to try to pin the blame on his Democratic predecessor, Joe Biden.
U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business
The U.S. economy shrank at a 0.3% annual pace from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump .
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Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs
NEW YORK (AP) — Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more
Why Trump's call for the Fed to cut interest rates may not help consumers
President Donald Trump is to cut interest rates, but even if the Fed gave in to the pressure, it wouldn't necessarily lead to lower borrowing costs for consumers.
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