Economic News
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U.S. inflation gauge ticks higher with price pressures remaining stubborn
U.S. inflation gauge ticks higher with price pressures remaining stubborn
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Number of Americans filing for jobless benefits falls again and hovers near 7-month lows
The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows
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US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate
US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate
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Trump fills out his economic team with two veterans of his first administration
President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team
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Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs
Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border
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Stock market today: Wall Street hits records despite tariff talk
U.S. stocks rose to records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street
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Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief
If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation
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Massive EU-South American free trade pact would reduce tariffs, but some farmers are opposed
The EU and the South American trade bloc Mercosur are working to finalize a trade deal that has been in negotiation for over 20 years
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Small business owners breathe easier over labor costs after decision to strike down overtime rule
Small business owners have had a mostly positive reaction to a judge’s decision to strike down an overtime rule that would have qualified more workers for overtime pay
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Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves
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