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Economy
Trump’s 50% tariffs on imported steel, aluminum take effect
U.S. President Donald Trump's 50% tariffs on most imported steel and aluminum went into effect…
Fed’s Waller says interest rate cuts could happen as soon as July
The Federal Reserve has held off on cutting interest rates in 2025 to date, although one…
Student loan delinquencies send credit scores plummeting for millions
A 100-point drop in a credit score can be "absolutely catastrophic." It can also take…
California Avocado Commission says avocado orchards face ‘catastrophic’ risk
The California Avocado Commission (CAC) is urging the Trump administration to take actions to help…
What does it mean that Moody’s downgraded the United States credit rating?
Moody's Ratings on Friday announced a downgrade of the U.S. government's credit rating, moving it…
DOJ abandons lawsuit against Southwest Airlines over chronic flight delays
The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays.…
JPMorgan’s Jamie Dimon criticizes mortgage lending rules at firm’s investor day
JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that…
Goldman Sachs says larger tax cut won’t offset tariff drag on economic growth
A new report by Goldman Sachs finds that while House Republicans' tax cut package that's moving…
Klarna losses double as Buy Now Pay Later defaults reach 17% amid inflation
Consumers are failing to make payments on their short-term loans. While Klarna, a significant player…
Homebuyers expect recession in next year, many see it as opportunity to purchase
A new survey finds that American homebuyers are anticipating that a recession will occur by early…
Walmart to cut about 1,500 jobs from corporate workforce
Walmart — the nation's largest private employer — is cutting more than 1,000 corporate jobs…
Federal Reserve governor warns markets demand higher rates on US Treasury debt
Federal Reserve Governor Christopher Waller said Thursday that the financial markets have reacted to projected deficits…
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