US consumer debt is high and rising but 16 cents on every dollar spent by the government is now going to interest A recent report from the Federal Reserve warned that consumer debt is now more than $18tn and the people are worried....
All three major stock indexes moved decisively lower, extending sell-off in wake of dour economic reports US stocks tumbled on Friday, extending a sell-off in the wake of dour economic reports and closing the book on a holiday-shortened...
Elon Musk suggests $5,000 checks to US households if targets met, sparking concern over potential rise in inflation Donald Trump has appeared to embrace a proposal to share a portion of the cuts in US government spending made by Elon...
World’s largest retailer expects inflation-weary consumers to pull back after shares hit record high of $105 last week Walmart on Thursday forecast sales and profit for its latest fiscal year below Wall Street estimates, suggesting that...
White House has raised threat of levies as a means to bolster US economy, ignoring warnings trade wars could derail it Donald Trump stood firm against warnings that his threatened trade war risks derailing the US economy, claiming his...
A new poll also found that four in 10 Americans have shifted spending to align with moral views in recent months People in the US: have you changed your shopping habits due to politics? Americans are changing their shopping habits and...
The president’s actions have sent a wave of terror through the community that underpins much of the US economy Donald Trump has ramped up anti-immigration fervor into his second presidency, promising mass deportations, pushing to...
Uncertainty created by tariffs and contempt for rule of law will deter investment, says top economist Forget Trump’s tariffs, the president’s bond market threat is worse Donald Trump’s tariff threats have made the US “a scary place to...
Elon Musk’s crazed takeover of America’s financial plumbing risks shattering confidence in US institutions and in turn global financial stability When Donald Trump gave an in-flight press conference en route to the Super Bowl last week,...
While UK may not be in direct line of fire, knock-on effects on global trade has British businesses worried “We’re vulnerable at the moment,” says Fiona Conor, the managing director of Trust Electric Heating, a Leeds-based radiator...
The US president has repeatedly threatened to tax imports at the same rate those countries impose on US goods Donald Trump has once again threatened to impose a wave of tariffs on US imports, stepping up his bid to overhaul the global...
President says US will impose ‘reciprocal’ duties but no new specific tariffs are announced Donald Trump threatened to ramp up his economic assault on some of America’s biggest trading partners on Thursday, vowing to impose new tariffs...
They are young and seizing the reins of government on their master’s behalf with an imperial swagger. It will end in many tears You would be forgiven for thinking we were back at the Bullingdon Club , in the company of Jonty, Munty,...
Consumer price index rose by 3% in January as president has yet to fulfill pledge of tackling high cost of living New inflation rate at odds with Trump’s promise to lower prices Inflation ticked higher in the US in January as Donald...
Australia ‘killing’ US manufacturing with aluminium imports, Trump’s trade adviser says after president’s announcement Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast...
Prime minister hoping to revive ‘bromance’ of Trump’s first term despite US president calling India ‘a very big abuser’ The Indian prime minister, Narendra Modi, is heading to Washington for high-stakes talks in an attempt to avoid a...
Modified US duties will be enforced ‘without exceptions’, said president, in controversial bid to boost economy What are the tariffs on steel and aluminum Trump announced? Why Trump tariffs will be ‘very bad for America and for the...
As credit card debt reaches $1.17tn, people across the US are struggling to save and living check to check US credit card debt reached a record $1.17tn in the third quarter of 2024, growing from $770bn in the first quarter of 2021 and...
Ex-treasury secretaries caution against administration’s subversion of checks and balances, specifically Musk US politics live – latest updates A group of five former US treasury secretaries are warning that the Trump administration has...
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.