John Carney - Page 3

China’s thirty-year price war shows that “market forces” alone can’t build a secure supply chain.

The St. Louis Federal Reserve released a study claiming that Trump’s tariffs added roughly 0.5 percentage points to consumer inflation. There’s just one problem: the study didn’t actually show that.

National Economic Council Director Kevin Hassett predicted Monday that the ongoing government shutdown is “likely to end sometime this week” but warned the Trump administration may impose “stronger measures” if the funding impasse continues.

The Trump administration floated a bold idea to break China’s monopoly on rare earth minerals and attract long-term investment in U.S. rare earth production.

The final part of our series on this year’s Nobel Prize winners, we examine what happened when economists tested their creative destruction theories against real-world data and discovered what Rust Belt voters have been saying for decades.

Empire State Index Jumps to 10.7, Crushing Forecasts and Signaling Manufacturing Strength

Philippe Aghion and Peter Howitt’s Nobel Prize-winning research exposes why China’s systematic IP theft violates the core conditions required for innovation to flourish.

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

Twenty-five years after we opened our markets to China, Beijing celebrated the anniversary by closing its own markets.

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.

A new academic paper attempting to defend the conventional wisdom against Trump’s tariffs unwittingly made the case for them.

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.

You would not know it from the gloom-ridden headlines of the financial media, but Americans are feeling a bit better about their personal finances than they were a year ago.

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.