Biden’s loan forgiveness efforts have faced major resistance, but people are bracing for worse under president-elect Joe Biden has pushed during his presidency to cancel student debt for tens of millions of Americans. Now Donald Trump ,...
Treasury secretary says ‘extraordinary measures’ needed to avoid default, and urges lawmakers to raise borrowing limit Janet Yellen, the treasury secretary, has said her agency will need to start taking “extraordinary measures”, or...
Brics nations’ plan to create rival to greenback is bound to fail even without president-elect’s measures In 2023, the leaders of Brazil and the other Brics countries at the time – China, India, Russia, and South Africa – discussed...
Central bank lowered benchmark federal funds rate by a quarter of a percentage point to between 4.25% to 4.5% The US Federal Reserve cut interest rates on Wednesday, but suggested that it would make fewer rate cuts than expected in 2025...
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in November.
The number of extra bedrooms — defined as a bedroom in excess of the number of people in a home, and even including one for an office — has reached a new high.
The shooting of Brian Thompson has unleashed a torrent pent-up of anger towards insurers, renewed calls for reform and reignited a debate over U.S. health care
Matt Gaetz resigned from Congress to be President-elect Donald Trump's attorney general pick, casting doubt on whether the ethics panel would share its report.
President-elect Donald Trump has said, "I have a warm spot in my heart for TikTok," and said that he will look at the potential ban of the social media app.
S&P Global, Edmunds and Cox Automotive expect new auto sales to increase year over year by 2.5% or less to achieve the industry's best results since 2019.
Nissan and Honda are understood to be exploring a blockbuster merger as the two rival companies seek to stay competitive on the road to full electrification.
Total application volume fell 0.7% compared with the previous week, according to the MBA's seasonally adjusted index. That was the first decline in five weeks.
The letter from Donald Trump defense attorneys Todd Blanche and Emil Bove alleging juror misconduct in the criminal hush money trial is heavily redacted.
Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.
President-elect Donald Trump was convicted of 34 felony counts of falsifying business records related to a hush money payment to porn star Stormy Daniels.
Guardian US business editor Dominic Rushe explains why the president-elect wants to impose tariffs on imports, and the risks it poses to the economy. Senior China correspondent Amy Hawkins talks through the potential of a wider...
Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascism As Donald Trump has pointed out, the price of groceries was one of the determining factors in his...
Nearly 90 million Americans didn’t vote – which is more than the number of people who voted for Trump or Harris The 2024 US presidential election had been widely characterized as one of the most consequential political contests in recent...
President says failure may have contributed to voters blaming him for high prices even as economy improved Joe Biden has voiced regret for not following Donald Trump ’s example by putting his signature on Covid-19 -era economic stimulus...
Federal reserve could cut rates for third time this year as prices rise 2.7% compared with a year before The rate of US inflation barely moved in November, the last piece of major economic news before the Federal Reserve weighs whether...
Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November The sale of the Observer, the world’s oldest Sunday newspaper, to Tortoise Media has been agreed in principle....
Latest report follows October’s disappointing tally as Fed likely to cut interest rates for third time in 2024 The US added 227,000 jobs in November, with 54,000 added jobs in healthcare, 53,000 leisure and hospitality jobs, and 33,000...
The president-elect’s two main arguments for his tariff threat – to reduce migration and to combat drugs – are not credible “To me, the most beautiful word in the dictionary is tariff, and it’s my favorite word,” said Donald Trump last...
Everyone I asked gave a different definition – and when a concept is so nebulous, it becomes a political cudgel In the aftermath of the election, the working class was constantly invoked and rarely defined – invoked as a badge of...
Canadian PM dines with Trump, who vowed tariffs unless country stops migrants and drugs from entering US Justin Trudeau promised Donald Trump that Canada would increase surveillance over the long undefended joint border, a senior...
President-elect threatens retaliation if emerging economies create new currency to rival US dollar Fears of a global trade war have risen after Donald Trump threatened to impose 100% tariffs on countries in the Brics group if they create...
Sheinbaum says she had cooperative talks with president-elect who threatened 25% tariff against Mexico on Tuesday Claudia Sheinbaum has said her “very kind” phone conversation with Donald Trump , in which they discussed immigration and...
The party must return to its progressive roots. A new economy is needed with new rules and new roles As the shock of Donald Trump’s victory sinks in, pundits and politicians are mulling what it means for the future of the US and global...
Under the auspices of holding the president elect to account, there’s the usual sucking up to power and money I have spent most of the last week on Zoom calls with accountants in New York, trying to figure out the personal finance...
Late-night hosts discuss Trump’s tariffs proposal, Webster’s word of the year and the nightmare of Thanksgiving travel Tell us about the purchases you plan on making ahead of Trump’s proposed tariffs Late-night hosts talk Donald Trump ’s...
US manufacturers are bracing for disruption and sounding the alarm that customers will be hit by price increases Explained: what are tariffs Tell us about purchases you plan to make ahead of Trump’s tariffs Donald Trump set the business...