Elon Musk Warns Trump's Policies Could Cause Recession
Tesla CEO Elon Musk has voiced concerns that President Donald Trump's economic policies, referred to as a "big, beautifu...
US Job Growth Slows in May, Adding 139,000 Positions
The U.S. economy added 139,000 jobs in May, surpassing expectations but indicating a cooling labor market. This figure s...
Economists Warn GOP Bill Could Worsen Deficit During Strong...
A proposed Republican bill is facing scrutiny from economists who worry it could significantly increase the national def...
Housing Market Stalls as Mortgage Rates Rise, Recession Loom...
Hopes for a housing market rebound in 2025 are fading as rising mortgage rates and growing fears of a recession put a da...
Trump's Tax Cuts Spark Concerns Among Bond Investors
President Trump's tax cuts are causing worry among bond investors. These investors are concerned that the tax cuts will...
Newark Airport Sees Drop in Passenger Numbers Compared to La...
Newark Liberty International Airport is experiencing a decrease in outbound passenger traffic. Recent data indicates few...
Trump's "Big, Beautiful Bill" Faces Hurdles in House Vote
President Trump's proposed legislation is facing a tough fight in the House of Representatives. Republicans are still di...
Democrats Face Scrutiny Over Awareness of Economic Downturn
Questions are mounting about what Democratic leaders knew regarding the impending economic downturn and when they became...
Ray Dalio Warns U.S. Treasury Risk Higher Than Moody's Ratin...
Billionaire investor Ray Dalio believes the risks facing U.S. Treasury bonds are more significant than indicated by Mood...
White House: Millions Could Lose Health Insurance in Recessi...
A new White House study suggests millions of Americans could lose their health insurance coverage if a major recession h...
Jamie Dimon: Recession Still Possible Despite Tariff Rollbac...
JPMorgan Chase CEO Jamie Dimon remains cautious about the U.S. economy. Despite recent tariff reductions with China, Dim...
American Eagle Stock Drops After Guidance Withdrawal, Invent...
American Eagle Outfitters saw its shares fall sharply after announcing it's withdrawing its full-year financial outlook....
Stocks Rise, Dollar Gains on US-China Trade Deal Hopes
U.S. stock futures increased and the dollar strengthened Monday as investors reacted positively to signals of progress i...
Stocks and Dollar Rise Amid US-China Trade Deal Optimism
Stocks and the dollar are up as investors are hopeful about a potential trade deal between the United States and China....
Treasury Urges Congress to Raise Debt Ceiling Before August
The Treasury Department is asking Congress to raise the debt ceiling before August to avoid a potential default on the n...
Many Americans Preparing for Potential Economic Downturn
Worries about the economy are growing among Americans. Since 2021, rising inflation has made it harder for many to maint...
Finance Leaders Gather in L.A. Amid Economic Uncertainty
Top figures in finance and business met at the Milken Institute conference in Los Angeles this week. Discussions centere...
Credit Card Rates Remain High Despite CFPB Rule Repeal
Credit card interest rates are staying high, even though a rule from the Consumer Financial Protection Bureau (CFPB) tha...
Economists Scrutinize Data for Recession Clues
Traditional economic indicators haven't fully captured the effects of tariffs and overall uncertainty, prompting economi...
Diamondback CEO: US Oil Production May Have Peaked
The CEO of Diamondback Energy warns that U.S. oil production may have reached its peak and could soon decline. This pote...
Oil Prices Drop Despite Economic Concerns: OPEC+ Boosts Prod...
Oil prices have decreased after OPEC+ nations announced they would increase oil production. This decision comes despite...
Trump Dismisses Economic Concerns, Defends Policies
Former President Donald Trump addressed worries about the economy and his political future in a recent interview. He dow...
Trump Acknowledges Potential Short-Term Recession as 'OK'
Former President Donald Trump stated a short-term economic recession would be 'OK' in a recent interview. The interview,...
Trump Downplays Recession Fears, Predicts Strong Economic Fu...
Former President Donald Trump addressed concerns about a potential short-term recession, stating his belief in the U.S....
Trump Addresses Economy, Discusses Foreign Elections
Former President Trump recently spoke about the state of the U.S. economy, expressing both concerns and optimism. He als...
Trump Addresses Recession Concerns, Predicts Long-Term Econo...
Former President Donald Trump addressed rising concerns about a potential recession on Friday. He stated that the U.S. e...
Trump Addresses Recession Concerns, Predicts U.S. Economic S...
President Donald Trump spoke about the possibility of a recession in a recent interview. He acknowledged economic anxiet...
May Job Growth Slower Amid Tariff Uncertainty
Job growth in May is expected to be slower compared to previous months, reflecting concerns about economic uncertainty....
Johnson Responds to Musk's Criticism of Budget Bill
House Speaker Mike Johnson stated he isn't angry with Elon Musk after the tech entrepreneur criticized the conservative...
Senate Races Against Time to Pass Key Legislation
The Senate is working quickly to pass a major piece of legislation before the July 4th holiday. Senators face a tight de...
US National Debt Reaches Unprecedented Levels Without Clear Crisis
The United States faces a unique financial challenge as its national debt continues to grow. Unlike other developed nati...
US National Debt Reaches New Highs Without Crisis
The United States' national debt has reached unprecedented levels, raising concerns among economists. Unlike other natio...
Treasury Secretary Bessent Discusses Inflation and Economic Growth
Treasury Secretary Scott Bessent addressed concerns about rising inflation and potential strategies for fostering sustai...
Economy Sends Mixed Signals, Graduation Speakers Offer Advice
The latest economic data presents a confusing picture, leaving experts uncertain about the future. This report analyzes...
Diddy Trial: Former Assistant Testifies, Breaks Down on Stand
The Sean "Diddy" Combs sex trafficking trial continued on Tuesday, marking its fourteenth day. A former personal assista...
Rep. Himes Discusses Economic Outlook, AI Regulation on 'Face the Nation'
In a recent interview on 'Face the Nation,' Connecticut Representative Jim Himes addressed concerns about the current ec...
Delta Air Lines Celebrates 100 Years of Flight
Delta Air Lines is marking a century of aviation, tracing its roots back to crop-dusting in 1925. From its humble beginn...
House Republicans Advance Trump-Backed Budget Plan
House Republicans are moving forward with a budget package championed by former President Trump, despite facing initial...
House Republicans Renew Push for Trump-Era Budget Package
House Republicans are making another attempt to pass a budget package influenced by former President Trump. The effort c...
GOP Budget Bill Stalls in House Committee Amid Republican Infighting
A crucial Republican budget package, seen as vital for advancing President Trump's agenda, failed to pass the House Budg...
Consumer Confidence Plummets to 3-Year Low on Inflation Concerns
American consumer confidence has dropped to its lowest point in three years, fueled by rising inflation and economic unc...
House Budget Committee Finalizes GOP Budget Bill
The House Budget Committee met Friday to finalize the Republican budget proposal. Speaker Mike Johnson aims to have the...
Fed Chair Powell Signals Potential for Higher Interest Rates
Federal Reserve Chair Jerome Powell recently cautioned that long-term interest rates could rise further. He cited the in...
House Republicans Advance Trump's Budget Package
House Republicans are moving forward with President Trump's budget plan. Key committees are finalizing details on the co...
Weekend News: Economy Slows, Space Tourism Takes Off
The 'CBS Weekend News' covered a mixed bag of stories today. Economic growth is slowing, raising concerns about a potent...
Gold Investments: How to Adjust Your Portfolio Now
Is gold still a good investment in today's economy? Experts say it depends on your specific financial situation and risk...
Federal Reserve Holds Interest Rates Steady
The Federal Reserve decided to keep interest rates as they are, holding steady after a series of increases. This decisio...
Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty
The Federal Reserve decided to keep its benchmark interest rate unchanged at a range of 4.25% to 4.5%. This decision com...
Trump Acknowledges Short-Term Recession Could Be Acceptable
Former President Donald Trump stated in a recent interview that a short-term recession might be tolerable. Speaking on N...
HELOC Rate Outlook: 3 Scenarios Experts Predict
Home equity line of credit (HELOC) rates are influenced by economic factors. Experts are watching several potential scen...
US Job Growth Slows in April Amid Trade Tensions
Hiring in the United States slowed down in April, raising concerns about the economy's strength. Experts point to ongoin...