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Economy
Chevron cutting 200 jobs in Texas as company plans 20% workforce reduction
Houston-based Chevron Corp. (NYSE: CVX) says it is laying more than 200 employees in Texas as it…
Bessent sees inflation drop in first half of 2025, promises affordability relief
Cautioning that families are still feeling the sting of Biden-era inflation, U.S. Treasury Secretary Scott…
Trump tariffs ‘highly likely’ to lead to temporary rise in inflation: Fed’s Powell
Federal Reserve Chairman Jerome Powell said on Wednesday that the central bank could face a…
About 20K IRS workers are weighing buyout offers from Trump admin
Roughly 20,000 workers at the Internal Revenue Service (IRS) have expressed interest in the most recent…
Retail sales surged in March led by autos as consumers looked to beat tariffs
U.S. retail sales rose more than expected in March as consumers frontloaded big-ticket purchases to get…
Trump team to negotiate Japan trade deal after tariff announcement
President Donald Trump, Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer are expected…
Toy industry expert expects Chinese tariffs to raise prices significantly
A toy industry CEO is sounding the alarm about what impact tariffs on China could…
Trump’s tariffs are putting consumers and businesses in a bind, tech group warns
President Donald Trump's tariffs have created uncertainty over trade policy and chilled business decisions by companies…
A judge threw out a Biden era rule on credit card late fees
A federal judge threw out a U.S. Consumer Financial Protection Bureau (CFPB) rule Tuesday that…
China beat growth expectations in Q1, but US tariffs cloud outlook
China beat first-quarter economic growth expectations, but the outlook for the remainder of 2025 remains…
Hongkong Post suspends the postal service for items containing goods to US
Hongkong Post, Hong Kong's government department for postal services, announced Wednesday they will "not collect…
Chinese TikTok users tell people to buy Nike and Lululemon directly from China
Videos posted by Chinese TikTok users that suggest people should purchase fashion items direct from…
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