Shoppers browse shoes at a store in Los Angeles on Aug. 28, 2025. Bloomberg | Bloomberg | Getty Images Inflation picked up in August amid higher prices for staples like food and electricity, while tariffs put upward pressure on prices for physical goods like clothing and household furniture, economists said. The consumer price index, a…
My top 10 things to watch Thursday, Sept. 11 1. Wall Street was heading for a higher open today, which would add to yesterday’s record-high close for the S & P 500. This morning’s inflation and jobless claims data didn’t change the near lock on a 25-basis-point Federal Reserve interest rate cut at next week’s…
TU.S. President Donald Trump and President of the European Commission Ursula von der Leyen shake hands as they announce a US-EU trade deal after a meeting at Trump Turnberry golf club on July 27, 2025 in Turnberry, Scotland. Andrew Harnik | Getty Images News | Getty Images Reports that U.S. President Donald Trump asked the…
FILE PHOTO: U.S. President Donald Trump talks to the press on the South Lawn of the White House, in Washington, U.S., September 7, 2025. Annabelle Gordon | Reuters U.S. President Donald Trump has asked the European Union to hit China and India with tariffs of up to 100% over the countries’ Russia oil purchases, in…
A construction worker is shown on the job site at a multi-unit residential housing project in Encinitas, California, U.S., July 28, 2025. Mike Blake | Reuters With job growth tanking and the economy wobbling, pressure is on for the Federal Reserve to start lowering interest rates, with markets now expecting a cut at each of…
The US Department of Labor headquarters in Washington, DC, US, on Monday, Aug. 11, 2025. Bloomberg | Bloomberg | Getty Images The White House used revised jobs data released Tuesday as fodder to criticize three frequent targets of President Donald Trump: the Bureau of Labor Statistics, former President Joe Biden and Federal Reserve Chair Jerome…
Traders work at the New York Stock Exchange on Aug. 29, 2025. NYSE Traders are leaving open the option the Federal Reserve next week could cut its key interest rate by half a percentage point, though most on Wall Street think the bar for doing so is pretty high. In the most likely scenario being…
Apple shareholders and investors betting on a Federal Reserve rate cut have received good news lately. The week ahead offers tests to both camps. Fresh off Friday’s soft jobs report, the other side of the Fed’s dual mandate of maximum employment and price stability will take center stage in the coming days. But first, we’ll…
President Donald Trump‘s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history. Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and…
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month. Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report…