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...

For largest U.S. companies, jobs growth has lagged profits, revenues

By Howard Schneider, Reuters

WASHINGTON (Reuters) - Employment growth at the largest U.S. companies has lagged far behind increases in revenue and operating profit since the start of the century, as firms reaped the benefits of...
McDonald's, Yum release supplier data after China food safety scare

By Reuters

SHANGHAI (Reuters) - Five fast food chains including McDonald's <MCD.N> and Yum Brands Inc <YUM.N> have published details of their suppliers on their Chinese websites, following a request...
GM must face suit claiming it covered up ignition-switch defect

By Jessica Dye, Reuters

NEW YORK (Reuters) - General Motors Co has lost its bid to dismiss a lawsuit accusing the automaker of concealing critical evidence about a faulty ignition switch linked to the death of a Georgia...
Traders brace for research crackdown as easy money dries up

By Lionel Laurent, Reuters

LONDON (Reuters) - Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-...
Russia, Fed and Midterms to Keep Markets on Edge

By Patti Domm, CNBC

Fed speakers, retail sales, inflation data and big chain store earnings are all expected in the week ahead, but it's geopolitical events that could keep markets volatile—particularly when it comes to...

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