John Carney - Page 10

Joel Mokyr, Philippe Aghion, and Peter Howitt honored for research showing that political diversity and domestic innovation drive lasting prosperity.

President cancels planned meeting with Xi Jinping, hikes tariffs 100% on Chinese imports.

President calls China’s new export controls “hostile,” says U.S. will retaliate with trade measures.

At every turn, the real-world evidence contradicts the theoretical objections to Trump’s tariffs.

Minutes show a central bank torn between members who see inflation as largely vanquished and those who believe the fight has “stalled,” and split on whether the economy needs a gentle policy adjustment or aggressive stimulus.

The Democrats are once again a party of Gloomdogglers. It’s hard to know how much of their pessimism about the economy is simply partisanship or genuine gloominess.

Gold futures surged above $4,000 a troy ounce for the first time Tuesday, extending a yearlong rally that has seen gold prices up 50 percent.

Treasury Secretary and Acting IRS Commissioner Scott Bessent has appointed Frank Bisignano, head of the Social Security Administration, to serve as the Internal Revenue Service’s first chief executive officer.

It’s A Wrap: The Life And Times Of A Tariff Price Hike Myth Welcome back to Friday. This is the Breitbart Business Digest Friday Wrap, our weekly survey of news from the economy, Wall Street, Main Street, Washington, D.C., and

The U.S. services sector showed continued growth in September, but two closely watched surveys disagreed on nearly everything else—from hiring to pricing power to business activity—underscoring deep uncertainty about the economy’s momentum as the year draws to a close.

The Free Traders Have It Backwards: America Doesn’t Need the World for Quality The next time you order a pint of hazy double IPA, you can thank the diversity, dynamism, and competitiveness of the American economy. Scott Burns of Texas

Stocks rallied Thursday, shaking off concerns about the government shutdown for a second day.

While the government shutdown has captured the attention of the denizens of the nation’s capital, the actual financial capital and labor of the U.S. is likely to proceed as if nothing much has changed.

The Supreme Court declined Wednesday to immediately remove Federal Reserve Governor Lisa Cook from her position, leaving her in place at least until the justices hear arguments in the case in January.

Much worse than expected.

Pop singer and donut enthusiast Ariana Grande wants to know if Trump voters think their personal finances have improved under Trump’s policies. Here is what the data shows.

The White House set a 10 percent tariff on timber and lumber imports and a 25 percent duty on kitchen cabinets, bathroom vanities, and upholstered furniture.

For decades, American companies made a straightforward calculation: They would share their technology with Chinese partners in exchange for access to the world’s largest consumer market and its low-cost labor.

The Labor Department said it would suspend publication of the monthly jobs report and other major economic data if the government shuts down, including the Consumer Price Index and Producer Price Index, cutting off critical information for businesses, investors and

The National Association of Realtors said Monday its Pending Home Sales Index increased 4.0 percent to 74.7 from July

The prices of goods affected by tariffs fell in August, crushing the hopes of everyone at the Cato Institute.

Core inflation slowed down in August,  the Federal Reserve’s preferred gauge showed Friday, suggesting President Trump’s tariffs are not creating significant price pressures for American households.

A bipartisan who’s who of the economic establishment has fired a fusillade of foolscap at the Supreme Court, insisting that President Trump must not be allowed to remove Fed Governor Lisa Cook.

A bipartisan roster of former Treasury secretaries, Federal Reserve chairs and other senior economic policymakers asked the Supreme Court to stop President Donald Trump from removing Fed Governor Lisa Cook, warning that the central bank’s independence and the economy’s stability

Orders for long-lasting factory goods made in the U.S. rose sharply in August, lifted by a surge in aircraft bookings but also showing gains in business equipment that point to resilient investment.

The U.S. economy grew at a faster pace in the second quarter than was earlier estimated, the U.S. government said Thursday.

When economists talk about immigration, they usually focus on jobs, wages, or fiscal costs. Federal Reserve Governor Stephen Miran wants to add another dimension: interest rates.

New-home sales surged in August to their strongest pace in more than three years.

We should remove the tax burden that is keeping older Americans locked into their homes and younger Americans locked out.

Federal Reserve officials are sharply divided over how aggressively to cut interest rates, with some warning that the central bank risks falling dangerously behind in addressing a deteriorating labor market while others remain focused on stubborn inflation that has persisted well above target for more than four years.

The September purchasing managers’ indexes from S&P Global showed companies in manufacturing and services reported sharply higher input costs, which they primarily attributed to tariffs. But weak demand and fierce competition prevented most from raising prices, leading to the weakest goods inflation since January.

Trump’s critics insisted tariffs would be the spark that lit a global trade war. But the trade war never arrived.

The Supreme Court on Monday cleared the way for President Trump to remove a Federal Trade Commission commissioner and agreed to resolve long-standing constitutional questions about White House authority over independent agencies.
In

Speaking at the Economic Club of New York, Miran argued that the Fed’s benchmark rate should be closer to two to 2.5 percent, roughly two points below its current level.

Washington, D.C. –When Umut Abakirova graduated from the American University of Central Asia, she began her career as a loan officer. Two decades later, she is one of Central Asia’s most prominent women in finance: chief executive of Bakai Bank, one of the Kyrgyz Republic’s largest private lenders.

Jimmy Kimmel might have hastened his exit by spreading falsehoods about Charlie Kirk’s assassin, but he was marching toward the end long before this week.