US Economy News
US Economy
New World Screwworm Cases Confirmed in Texas and New Mexico
New World screwworm has been detected in a Texas elk and a New Mexico beef cow, prompting expanded surveillance and livestock movement controls.
Gellert Global Sues to Block Trump’s 50% Canada Tariffs
Gellert Global is challenging Trump's 50% tariffs on Canadian imports, arguing a 1930 trade law cannot override Congress's authority over trade.
Trump Announces $8 Billion Farmer Aid Program for 2026
Trump announces an $8 billion farmer aid program for 2026, with USDA payments designed to offset part of modeled losses and rising farm input costs.
Fed Faces Inflation Risks as AI Boom Fuels Demand
The Federal Reserve faces rising inflation pressures from AI investment as higher interest rates threaten small businesses, borrowers and the housing market.
Anthropic’s Jack Clark Predicts AI Could Boost US GDP
Anthropic co-founder Jack Clark says AI could help US GDP reach $44 trillion by 2030, while warning of cybersecurity, biological and employment risks.
Hot US Inflation Data Fuels Federal Reserve Rate-Hike Bets
US inflation rose 3.7% annually in September as gasoline prices surged, boosting rate-hike concerns and triggering volatility across stocks, bonds and gold.
Wall Street Outlook: Oil Prices Rise Ahead of Key Earnings
Wall Street futures show mixed moves as oil tops $106 a barrel, with investors watching bank earnings, inflation data and the Federal Reserve's rate outlook.
Halloween Candy Prices Rise as US Spending Hits $13.5B
Halloween spending could reach $13.5 billion as Americans face rising candy prices, higher cocoa costs and inflation but continue holiday traditions.
US Jobless Claims Fall to 197,000 as Layoffs Stay Low
US jobless claims fall to 197,000 as layoffs remain historically low, while weak hiring and rising continued claims point to a softer labor market.
US Trade Deficit Widens to $105.6 Billion in August
US trade deficit widens to $105.6 billion in August as imports surge, with strong domestic demand and AI investment adding pressure on GDP growth.
US Treasuries Rebound Ahead of September Jobs Report
US Treasuries face a second-day rebound as investors await September jobs data for clues on Federal Reserve rates, inflation and bond yields.
US Jobless Claims Fall as September Layoffs Decline
US jobless claims fall to 197,000 as September layoffs decline, while cautious hiring plans point to a stable but slowing labor market.
US GDP Revised Higher to 2.2% on Consumer Spending
US GDP growth was revised to 2.2% in Q2 2026 as stronger consumer spending, business investment and domestic demand boosted economic activity.
Wall Street Jobs Report and Fed Rate Path in Focus
Wall Street awaits the US jobs report and PCE inflation data as rising Treasury yields and Fed rate expectations test the stock-market rally.
US Core Capital Goods Orders Surge 1.6% in August
US core capital goods orders surged 1.6% in August, beating forecasts as AI infrastructure and business equipment spending support economic growth.
US Jobless Claims Fall to 197,000 as Labor Market Stabilizes
US jobless claims fell to 197,000 as layoffs remained low, while cautious hiring and rising continuing claims pointed to a mixed labor market.
Glencore Secures $500M for US Critical Minerals Reserve
Glencore announces a $500 million US EXIM Bank commitment for VaultCo, a planned critical minerals reserve aimed at strengthening US supply chains.
Trump’s 1% Rate Demand Raises Inflation and Dollar Risks
Trump's demand for 1% interest rates sparks concerns over inflation, Treasury yields and the dollar as the Federal Reserve maintains its focus on price stability.
US National Debt Hits $40 Trillion as Borrowing Accelerates
The United States has crossed a debt milestone that would have been almost unimaginable a generation ago. On August...
US Economy Grows 1.5% in Second Quarter as AI Investment Fuels Growth but Rising Trade Deficit Slows GDP
The US economy grew at an annualized rate of 1.5% during the second quarter of 2026, falling short of...
US Inflation, Slowing Job Growth, and Mortgage Rates: What the Latest Economic Data Means for American Households and Businesses
The latest US inflation and jobs report paints a picture of an economy balancing between resilience and uncertainty. While...