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Economy
Retail sales increased 0.2% in February, though spending up less than expected
Consumers spent at a slower-than-expected pace in February, though underlying readings indicated that sales still grew at a solid pace despite worries over an economic slowdown and rising inflation.Retail sales increased 0.2% on the…
U.S. and global economic outlooks cut by OECD as Trump’s trade tariffs weigh on growth
Undiscouraged by the rain, shoppers and visitors out on Oxford Street braving the bad weather from the latest storm using umbrellas on 28th January 2025 in London, United Kingdom. Oxford Street is a major retail centre in the West End of…
Wholesale price measure was flat in February, compared with expected increase
Wholesale prices were flat in February providing some more welcome news on inflation amid tariff fears, the Bureau of Labor Statistics reported Thursday.The producer price index, considered a leading indicator for pipeline inflation…
Treasury Secretary Bessent says White House is heading off a ‘guaranteed’ financial
Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBCTreasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government…
Egg prices are rapidly falling so far in March
Chickens stand next to stacks of eggs in a henhouse at Sunrise Farms on February 18, 2025 in Petaluma, California. Justin Sullivan | Getty Images News | Getty ImagesEgg prices have fallen sharply so far in March on some progress in…
Tariffs to add as much as $10,000 to the cost of the average new home, trade association
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois.Scott Olson | Getty ImagesPresident Donald Trump's tariffs could increase material costs for the average new home by as much as $10,000, according to the…
Trump’s Canadian tariffs are having a chilling effect on Vermont’s small business owners
Ryan Christiansen, president and head distiller at Caledonia Spirits, giving a tour in Montpelier, VT.Courtesy: Ryan Christianse | Caledonia SpiritsPresident Donald Trump's tariff rhetoric against Canada has only started to heat up, but…
Treasury Secretary Bessent said the White House is focused on the ‘real economy’ and not
Treasury Secretary Scott Bessent said Thursday the Trump administration is more focused on the long-term health of the economy and markets and not short-term gyrations."We're focused on the real economy. Can we create an environment…
Consumer sentiment slumps in March to lowest since 2022 as Trump tariffs spark more
Consumer sentiment took another hit in March as worries intensified over inflation and a slumping stock market, according to the University of Michigan's latest sentiment survey released Friday.The survey posted a mid-month reading of…
UK economy unexpectedly shrank by 0.1% in January
The U.K.'s economy unexpectedly shrank by 0.1% month-on-month in January, official figures showed on Friday.Britain's Office for National Statistics said the fall was mainly due to a contraction in the production sector.Economists polled…