U.S. Economy

How Donald Trump’s criminal conviction boosted his campaign fundraising machine

Throughout his 2024 campaign, former President Donald Trump has managed to keep his political operation afloat by walking a delicate…

Biden cheers cooling inflation ahead of key Fed interest rate decision

President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did…

Jobless rates rise in May for all racial groups except white Americans

The unemployment rate for white Americans held steady from April to May, bucking the trend for all other racial groups,…

FTC prepares to sue largest U.S. alcohol distributor, alleging ‘secret kickbacks’

The Federal Trade Commission is preparing an antitrust lawsuit against the largest U.S. alcohol distributor, Southern Glazer’s Wine and Spirits,…

Watch: President Joe Biden delivers remarks on new U.S.-Mexico immigration executive order

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Biden’s new immigration executive order could tighten labor markets, but ease supply chain bottlenecks

President Joe Biden’s new executive order tightening asylum limits at the U.S.-Mexico border could have the double-edged economic effect of…

Hiring stays strong for low earners, Vanguard finds

For lower-earning Americans, the pace of hiring remains strong, holding steady above its pre-pandemic baseline even as the demand for…

Here’s where the last $6 billion in CHIPS Act semiconductor award money is going

The rollout of the Biden administration’s CHIPS Act award money has so far focused on providing major awards for major…

Most Americans falsely think the U.S. is in recession, poll shows

More than half of Americans think the United States is in an economic recession, although gross domestic product has been…

Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says

Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…