U.S. Economy

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…

Biden takes credit for Target grocery price cuts: ‘They’re answering the call’

President Joe Biden took a victory lap after Target announced it was lowering prices on groceries and other items —…

How Biden is winning over corporate America behind closed doors

President Joe Biden has had it out for corporate America for much of his term. Over the past three years,…

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…

Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more

The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. The White House said…