A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9 2025.Shannon Stapleton | ReutersThe World Trade Organization on Tuesday hiked its forecast for global trade growth in 2025, but warned the outlook for 2026 had deteriorated.In its latest "Global Trade...
Category: Economy
Missing this one pay date may be too much for Trump, Congress to prolong the government shutdown
Soldiers march during a military parade to commemorate the U.S. Army's 250th Birthday in Washington, D.C., U.S., June 14, 2025. Nathan Howard | ReutersAs the government shutdown drags on with little hope of a quick resolution, a situation involving the U.S. military could push the warring factions in Washington to...
Consumer confidence is lower than expected as Wall Street braces for shutdown data blackout
Consumer confidence edged lower in September ahead of an expected data blackout caused by the looming federal government shutdown, the Conference Board reported Tuesday.The board's headline confidence index registered a 94.2 reading, off 3.6 points from the August reading and below the Dow Jones estimate for 96.0. The reading was...
The resilient stock market may be keeping the economy out of a recession. Why that’s a bad thing
Traders work on the floor at the New York Stock Exchange in New York City, U.S., Sept. 17, 2025. Brendan McDermid | ReutersStock market growth that seems impervious to tariffs, politics and a moribund jobs picture is in turn powering consumer spending and putting a floor under an economy that...
Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows
Core inflation was little changed in August, according to the Federal Reserve's primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead.The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department...