Latest Economic News

Rep. Marjorie Taylor Greene scooped up shares of Amazon and Dell when stocks were down 40% from Trump’s tariff whiplash - Fortune

The Republican congresswoman, an avid Trump backer, bought stocks last week as others dumped them — and scooped up some of the biggest losers.

Tesla Stock Took a Dive. 2 Big Problems Face the EV Maker. - Barron's

U.S. Steel Stock Plunges. Trump Throws Cold Water on Japan Deal (Again). - Barron's

U.S. stocks at their cheapest in nearly 18 months. Why earnings season holds the key on whether to buy. - MarketWatch

Earnings are taking on a higher level of importance for the stock market this time around

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown - AP News

Marjorie Taylor Greene bought some high profile stocks last week as other investors were bailing out of the market. That is according to required disclosure forms the Georgia congresswoman has filed with the federal government. Greene scooped up Lululemon, Re…

Apple has few incentives to start making iPhones in U.S., despite Trump's trade war with China - AP News

President Donald Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the U.,S. for the first time. But that’s an unlikely scenario even with U.S tariffs now standing at 145% on pro…

Fed official calls tariffs ‘stagflationary shock,’ in stark comment on Trump policy - Politico

The new tariff regime is much stronger than what Chicago Fed economists had anticipated, said Austan Goolsbee, president of the regional bank.

The Northeast bet big on offshore wind. Trump wants to halt the industry entirely - NPR

Northeast states have bet big on offshore wind to meet spiking power demand and drive economic growth. But the industry's future is much more uncertain under President Trump.

The most surprising things Americans are panic buying amid tariff fears - The Washington Post

Can you buy dried seaweed or imported cat food in bulk? Devoted shoppers have been trying to find out.

The wealthy are loading up on cash, gold and family trusts during market turmoil - CNBC

Several top executives in wealth management said that unlike the crashes in 2020 or 2008, high-net-worth investors were feeling less pressure to sell.

OpenAI sues Elon Musk claiming 'bad-faith tactics' - BBC

Claim follows Mr Musk's own lawsuit earlier this year against OpenAI's Sam Altman.

Amazon’s Chinese sellers to raise prices or quit US market as tariffs hit 145% - Ars Technica

“It’ll be very hard for anyone to survive in the US market,” Chinese group says.

Trump administration changes course on in-person requirements for Social Security - NPR

After announcing social security recipients would be required to appear in-person at office locations, the Trump administration is now backtracking.

Novartis plans to invest $23 billion in US plants as Trump renews drug tariff threats - Yahoo Finance

(Reuters) -Swiss drugmaker Novartis said on Thursday it plans to spend $23 billion to build and expand 10 facilities in the U.S., as it grapples with renewed...

Cleanup efforts underway after Keystone Pipeline spills estimated 3,500 barrels of crude oil - CBS News

A spokesperson for management company South Bow said personnel recovered 700 barrels, or about 20% of the spilled product, as of Thursday.

Readout: Secretary of the Treasury Scott Bessent’s Meeting with Deputy Prime Minister Ho Duc Phoc of Vietnam - U.S. Department of the Treasury (.gov)

WASHINGTON –Today, U.S. Secretary of the Treasury Scott K.H. Bessent with Deputy Prime Minister Ho Duc Phoc of Vietnam. Following the Deputy Prime Minister’s meeting with United States Trade Representative Jamieson Greer, the Secretary and Deputy Prime Minist…

Mortgage rates are down, but it’s not about to get cheaper to buy a house - MarketWatch