Economic News
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Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near
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US Senator warns of administration plan to hastily remove over 500 unaccompanied migrant children
A U.S. senator is warning of a Trump administration plan to remove over 500 children from the country, bypassing legal protections, in a letter sent to U.S. Health Secretary Robert F. Kennedy Jr. on Wednesday
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US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth
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US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
Fewer Americans applied for jobless aid last week as layoffs remain low despite economic headwinds that are creating uncertainty for businesses
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Fed's preferred inflation gauge jumps to 3-year high in latest sign of affordability challenge
Fed's preferred inflation gauge jumps to 3-year high in latest sign of affordability challenge
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IRS did better than expected in tax season after slashing staff, except on the phone, watchdog says
The national taxpayer advocate says the IRS did better than expected in issuing refunds during the 2026 tax season despite massive cuts to its workforce
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Premier says China’s tech advancements an 'opportunity' for the world, not a threat
China’s premier has defended the country's technological advancements as an opportunity for the world, not a threat
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Archaeologists find huge Viking textile production site in Denmark
Archaeologists say they have discovered a huge Viking Age textile production site in Denmark that dates back more than 1,000 years and underlines the sophistication of Viking society
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Trump heads to battleground Pennsylvania but keep focuses on himself ahead of midterm elections
President Donald Trump visited a Mack Trucks facility in Pennsylvania, for a speech meant to focusing on the economy
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Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street
Pullbacks in big technology companies sent indexes lower on Wall Street
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