The U.S. Department of Education is seen on March 20, 2025 in Washington, DC. U.S. President Donald Trump is preparing to sign an executive order to abolish the Department of Education. Win Mcnamee | Getty Images News | Getty Images President Donald Trump signed an executive order on Thursday aimed at dismantling the U.S. Department…
Fang Dongxu/VCG via Getty Images There was an oft-repeated message in Federal Reserve chair Jerome Powell’s press conference on Wednesday: Tariffs will raise consumer prices. The U.S. central bank raised its inflation forecast for 2025, as have many economists, due to the expected impact of a trade war initiated by the Trump administration. “A good…
The S&P 500 Index ($SPX) (SPY) Monday closed up +0.64%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.55%. March E-mini S&P futures (ESH25) are up +0.66%, and March E-mini Nasdaq futures (NQH25) are up +0.53%. Stock indexes closed moderately higher on Monday as…
A security guard walks past the U.S. Department of Education headquarters in Washington, D.C., March 12, 2025. Nathan Howard | Reuters A group of Democratic state attorneys general filed a lawsuit against the Trump administration Thursday over its moves to dismantle the U.S. Department of Education and its termination of nearly half the agency’s staff….
Eggs for sale at a grocery store in Los Angeles on Feb. 26, 2025. Eric Thayer/Bloomberg via Getty Images Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump’s tariff policies could stall progress. The consumer price index rose 2.8%…
President Donald Trump‘s tariff plans have sent shock waves through the stock market, and raised fears that the U.S. could be on the cusp of a significant economic downturn. These concerns have been heightened by the actions of the Department of Government Efficiency (DOGE), as well as the looming threat of a government shutdown. Newsweek…
WASHINGTON (AP) — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. The labor market remains healthy with a 4.1% unemployment rate and 151,000 jobs added in February, and Trump likes to point to…
With every announcement that the Trump administration makes lately, it can feel like the U.S. economy is strapped onto a never-ending rollercoaster. Take the ongoing saga of Donald Trump’s tariffs. Just this week, Trump said he was going forward with a 25% additional tariff on almost all goods imported into the U.S. from Mexico and…
U.S. President Donald Trump delivers remarks in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters President Donald Trump is expected to sign an executive order later on Friday excluding certain student loan borrowers from the popular Public Service Loan Forgiveness program. Speaking from the Oval…
The Cboe Volatility Index (known as the “VIX”) measures the market’s expectation of volatility over the next 30 days as implied by a weighted strip of S & P 500 Index options. When investors are nervous, options premiums, and therefore the VIX tends to spike, reflecting heightened uncertainty. A very high reading often signals panic…