US Economy

Bannon Is Out, but Economic Nationalism Still Thrives at the White House

By Linette Lopez, Business Insider

Just because Steve Bannon is out of the White House, doesn't mean that his ideas are gone — especially when it comes to economics.
More Good News on Jobs Gives the Fed a Green Light to Start Unwinding

By Lucia Mutikani, Reuters

The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay...
The Walls Are Closing In as Allies Abandon Trump

By Rob Garver

Things have looked grim for Donald Trump’s future more than once in his relatively brief career as a politician. But on Wednesday, the cracks in the edifice of his public standing were really...
Household Debt in the US Just Hit an All-Time High

By Jonathan Spicer, Reuters

Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card...
Trump Is Headed for a Collision With the Auto Industry as NAFTA Talks Loom

By David Lawder, Reuters

The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with...

Here’s Why Trump Deserves Credit for the Stock Market Surge

By Liz Peek

As of Tuesday, the Dow Jones Industrial Average had scored record highs for nine days in a row; the gains are driving anti-Trumpers crazy. Though the president’s boasts are not always accurate,...
Are You Rich? Tax Reform May Answer That Question for You

By YLAN Q. MUI, CNBC

Whether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that...
A New Report Shows Why The 10-Year Jobs Crisis Is Effectively Over

By Jacqueline Leo

A new report by the Hamilton Project at the Brookings Institution has good news: "With [yesterday's] employment report, we can report that the national jobs gap relative to November 2007 has closed (...
Is Wage Growth Finally Coming for American Workers?

By Jeff Cox, CNBC

Wage growth has been the missing link throughout a period that has produced more than 18.5 million new jobs, including 209,000 in July. But Amy Glaser, who helps run Adecco Staffing, believes the...
Trump May Be in a Legislative Slump, but His Energy Agenda Is Getting Lots of Hits

By Tom DiChristopher, CNBC

President Donald Trump may be fuming over Republicans' failure to repeal and replace Obamacare, but he can certainly take solace in the GOP's swift overhaul of the Obama administration's energy and...

Fed doves make case for patience on tightening policy

By Ann Saphir and Balazs Koranyi and Jonathan Spicer, Reuters

MINNEAPOLIS/OSLO/NEW YORK (Reuters) - The Federal Reserve must be patient in deciding when to scale back bond purchases, top officials said on Friday, with one arguing it could wait "years" to lift...
U.S. Mall Security, a $350B Industry, Beefs Up

By Scott Cohn, CNBC

The images of the four-day siege at the Westgate Mall in Nairobi, Kenya, are from half a world away, but they hit painfully close to home in the United States, which has more than 800 regional...
Last-Minute Budget Worries Hammer the Dollar

By RICHARD HUBBARD, Reuters

Concern over budget and debt negotiations in Washington sent the dollar close to a seven-month low and pressured world equities on Friday while European shares took a hit from worries over Italy...
Fed should sharpen message it will boost jobs: Kocherlakota

By Ann Saphir, Reuters

MINNEAPOLIS (Reuters) - The U.S. Federal Reserve needs to speak more clearly and tell the world it will do "whatever it takes" to boost employment, and not send the message that a very slow drop in...
Bulgarian opposition blocks work of parliament

By Reuters

SOFIA (Reuters) - Bulgaria's opposition GERB party boycotted parliament for a third day on Friday, blocking the work of the assembly because the ruling Socialists do not command the majority needed...

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