Economic policy
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News
Trump loves the Gilded Age. It was a great time for the rich but not for the many
WASHINGTON — In President Donald Trump’s idealized framing, the United States was at its zenith in the 1890s, when top…
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US auto industry could be collateral damage in Trump’s trade wars
DETROIT — President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.…
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US businesses brace for Trump’s tariffs to drive up costs
WASHINGTON — From an ice cream parlor in California to a medical supply business in North Carolina to a T-shirt…
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Anti-poverty group says billionaires’ wealth soared in 2024 as the elites prepare for another Davos
DAVOS, Switzerland — Billionaires’ wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported…
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Democrats divided on seriousness of political issues after defeat.
NEW YORK — Nearly a month after a devastating election loss that exposed cracks in the very foundation of their…
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Average rate on a 30-year mortgage in the US rises for fifth straight week
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest…
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A fragile global economy at stake as US and China seek to cool tensions at APEC
WASHINGTON — The United States and China are the two global economic heavyweights. Combined, they produce more than 40% of…
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China says it would welcome a visit by US commerce secretary after imposition of investment controls
China says it would welcome a visit by U.S. Commerce Secretary Gina Raimondo following the imposition of foreign investment controls…
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Russia’s currency hits the lowest level since the early weeks of the war in Ukraine
LONDON — The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as…
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Biden vetoes bid by Congress to reinstate tariffs on solar panel imports from SE Asia
WASHINGTON — President Joe Biden on Tuesday vetoed a congressional resolution that would have reinstated tariffs on solar panel imports…
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