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...

Senate approves U.S. budget bill, ends shutdown threat

By David Lawder, Reuters

WASHINGTON (Reuters) - Washington's battles over government funding ended with a whimper on Thursday as the U.S. Senate approved a $1.1 trillion spending bill that quells for nearly nine months the...
Why Some Colleges May Put Themselves Out of Business

By Glenn Harlan Reynolds, posted 12:37pm

No one disputes that college has gotten a lot more expensive. A recent Money magazine report notes, “After adjusting for financial aid, the amount families pay for college has skyrocketed 439 percent...
U.S. warns merchants on methods used by Target hackers

By Jim Finkle, Reuters

BOSTON (Reuters) - The U.S. government on Thursday provided merchants with information gleaned from its confidential investigation into the massive data breach at Target Corp, in a move aimed at...
Apple China Mobile launch could spark costly subsidy war

By Paul Carsten, Reuters

BEIJING (Reuters) - Apple Inc is finally launching its iPhone on China Mobile Ltd's vast network on Friday, opening the door to the world's largest carrier's 763 million subscribers and giving its...
Bond trading stings Goldman, Citi in fourth quarter

By Lauren Tara LaCapra and David Henry, Reuters

(Reuters) - Goldman Sachs Group Inc and Citigroup Inc were hit hard by a sharp fall in bond trading revenues in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed...

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