BUSINESS AND ECONOMY
Latest news and updates
The labor market was weaker early in Trump’s term, data shows - The Washington Post
The new data offers additional insight into how the labor market fared during the first year of President Donald Trump’s term.…
Trump secures vast, potentially costly U.S. stake in Venezuelan oil industry - The Washington Post
The deal is contentious and could cost billions.…
What Warsh's Jackson Hole speech signals about where interest rates are headed - Fox Business
Kevin Warsh's Jackson Hole Symposium keynote signals the Federal Reserve is prepared to raise rates if PCE inflation fails to reach its 2% target.…
States can regulate prediction markets as gambling, federal appeals court rules - CNN
A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.…
Nvidia earnings takeaways: Huang forecasts 70% fiscal 2028 revenue growth, far above estimates - CNBC
Nvidia reported better-than-expected results and issued guidance that sailed past analyst estimates.…
Fed governor Lisa Cook slams Trump’s renewed threat to fire her - AP News
Federal Reserve governor Lisa Cook says the Trump administration has no legal basis to remove her from the central bank’s governing board. Her response to renewed threats from the …
Why carmakers are staying quiet despite 'cataclysmic' Canada tariff threat - Politico
Trump has threatened to raise tariffs on automobiles and parts to 50 percent if Canada and the U.S. can’t strike a deal by Jan. 1.…
Trump signs controversial beef import plan despite ranchers' backlash - Politico
A slew of Republican lawmakers and beef industry allies have come out against President Donald Trump's plans that aim to lower the cost of ground beef.…
Trump administration proposes $103,000 fee for H-1B visas after legal setback - The Washington Post
The president contends the program to hire skilled foreign workers has been used to take jobs away from Americans. A judge struck down a previous attempt to implement a similar fee…
Pence says U.S.-Canada trade fight adds to affordability concerns for economy - The Washington Post
“I think the last thing we need right now, as our economy is getting back on its feet, is a trade war with Canada,” the former vice president told CNN.…