Economy - Page 18

President Donald Trump said Monday that his hoarse voice is a result of yelling at people “because they were stupid” on a trade issue.

A new paper from the Federal Reserve Bank of San Francisco suggests that the economic establishment’s narrative that tariffs drive up inflation is wrong.

Renaissance Macro economist Neil Dutta says the Federal Reserve is on the verge of making a serious policy mistake as various officials drift toward keeping rates steady instead of cutting next month.

The Census Bureau reported that construction outlays reached an annualized pace of $2.17 trillion, up 0.2 percent from July’s revised $2.165 trillion figure. The result beat economist expectations for a 0.2 percent decline.

Sens. Bill Hagerty (R-TN) and Angela Alsobrooks (D-MD) introduced legislation that would seek to empower Main Street banks and credit unions by boosting their deposit insurance coverage for noninterest-bearing transaction accounts.

Elon Musk’s Tesla will exclude China-made components from its cars manufactured in the United States. The move is designed to address escalating trade tensions and geopolitical risks

Manufacturing activity surged across New York State in November, with a key Federal Reserve survey showing unexpected strength as business conditions hit their best level since last November and manufacturers expressed confidence about the months ahead.

Sen. Joni Ernst (R-IA) on Monday introduced legislation that would prevent the abuse of government contracts, after hundreds of millions of dollars went to bribery schemes over several decades.

Boeing landed a multi-billion dollar deal Monday with Emirates for the supply of 65 additional Boeing 777-9 aircraft on the opening day of the 2025 Dubai Airshow.

Treasury Secretary Scott Bessent predicted that the United States will see a “substantial acceleration” in the economy in the first or second quarter of 2026.

A former Federal Reserve governor who retired in August listed several stock trades in her financial disclosure documents for 2024 that violated the central bank’s ethics rules. The transactions are outlined in a report released Saturday by the U.S. Office

On Friday’s broadcast of NewsNation’s “The Hill,” Rep. Beth Van Duyne (R-TX) stated that inflation has increased since the “Liberation Day” tariffs partially due to uncertainty about trade agreements as people waited to see what happened. Host Blake Burman said

Brazil’s Vice President Geraldo Alckmin says Brazilian goods like coffee, beef and tropical fruits will still face a 40% tariff in the U.S. This comes despite President Donald Trump’s decision to remove some import taxes.

Even establishment GOP darling Nikki Haley is opposed to President Donald Trump’s endorsement of educating 600,000 Chinese students in American universities.

Rep. Shomari Figures (D-AL) is acknowledging those angered that Democrat Senators caved to Republicans to reopen the government.

Chinese state-sponsored hackers have tricked Anthropic’s AI technology to help create highly automated break-ins targeting major corporations and foreign governments, according to the Artificial intelligence company.

A federal judge has ruled that Elon Musk’s X Corp. and xAI can move forward with their lawsuit against Apple and OpenAI over anticompetitive practices in the AI industry.

The outlook for the college graduating class of 2026 has dimmed sharply as data shows employer hiring plans have stalled, job market ratings have slipped, and workforce competition has intensified due to automation and visa-based labor programs.

The Federal Reserve released research proving its own rate-holding decision was based on a theoretical mistake.

President Donald Trump signed an order Friday to lower US tariffs on agricultural imports such as beef, bananas, coffee and tomatoes, as his government comes under pressure from voters grappling with the escalating cost of living.

Longtime Walmart president and CEO Doug McMillon will step down from his roles on January 31, 2026, company officials announced Friday.

Vice President JD Vance says that mass immigration under former President Joe Biden significantly skyrocketed the cost of rent and home prices. 

Both Democrats and Republicans mocked Democratic National Committee (DNC) staffers this week after it was revealed the workers were not happy they’d been ordered to end remote work and show up next year at the office five days a week.

Congress continues to take steps to address the affordability crisis in America, Rep. Beth Van Duyne said during an appearance on Breitbart News Daily.

President Donald Trump announced a series of breakthrough reciprocal trade deals on Thursday with the U.S.-friendly Latin American countries of El Salvador, Argentina, Ecuador, and Guatemala.

China’s big “Singles Day” shopping holiday improved a bit in 2025 over the previous year, but retailers said the pace of growth slowed as customers looked for bargains, instead of spending big on luxury items.

Researchers at the Federal Reserve Bank of San Francisco examined major tariff changes from 1870 through 2020 across the United States, United Kingdom, and France. Their conclusion challenges the conventional wisdom that dominated economic policy debates in recent years: when countries raise tariffs, prices actually fall, not rise.

Toyota has launched production at its new $13.9 billion battery manufacturing plant in North Carolina while pledging an extra $10 billion investment in its U.S. operations over the next five years. The plant and Toyota’s additional investments will support its popular hybrid vehicle business.

Tesla is recalling approximately 10,500 units of its Powerwall 2 home backup battery systems due to the risk of overheating, which can lead to smoke, flames, and potential fire hazards. The fire risk is especially concerning because Powerwall systems are typically installed in residential homes.

A highly anticipated Russian robot, touted as the country’s first human-like AI-powered android, stumbled and fell flat on its face during its grand debut in Moscow. As the robot flailed helplessly on the ground, workers rushed out to hide it behind a black curtain.

On Thursday’s broadcast of NewsNation’s “The Hill,” Joseph Lavorgna, Counselor to the Secretary of the Treasury Scott Bessent, stated that the 50-year mortgage proposal didn’t come from the Treasury Department and is “probably not an optimal approach.” Host Blake Burman

President Donald Trump’s appointees in many agencies are trying to apply old laws in new ways to deal with the H-1B problem, says Eric Sell, a lawyer working for Assistant Attorney General Harmeet Dhillon.

The Trump administration is floating an idea that sounds intuitive to a lot of people: portable mortgages.

House Freedom Caucus Chairman Andy Harris (R-MD) and Rep. Marlin Stutzman (R-IN) cheered Acting Consumer Financial Protection Bureau (CFPB) Russ Vought’s efforts to ensure that the Bureau is accountable to the American people by ending unlawful funding through the Federal Reserve.

Tesla CEO and notorious hypemaster Elon Musk has suggested a new use for the company’s Optimus humanoid robots — having them track and surveil former criminals to prevent them from reoffending. Musk plans to end prisons in favor of a “more humane form of containment of future crime.”

The final penny was produced at the U.S. Mint in Philadelphia on Wednesday.