Tag: US

U.S. Transportation Secretary Sean Duffy said on Saturday he does not think the government needs to bail ‌out low-cost airlines that have sought $2.5 billion in government relief because of high jet fuel prices, following the collapse of Spirit Airlines.

President Donald Trump said Sunday that the U.S. will attempt to “free” stranded ships that have been trapped by the Strait of Hormuz closure since the war with Iran began.

A 10-day ceasefire between Lebanon and Israel went into effect ​on Thursday and President Donald Trump said the next meeting between the US and Iran may take place over the weekend, adding to optimism that the war could be nearing an end.

U.S. President Donald Trump on Sunday threatened to impose a 50% tariff on China, after a report emerged that Beijing was preparing to deliver a shipment of new air defense systems to Iran.

Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying inflation, however, was relatively tame.

The Senate agreed early Friday to end the shutdown for most of the Department of Homeland Security, which could end the travel chaos that has disrupted holidaymakers’ Spring Break plans.

U.S. import prices increased by the most in nearly four years in February as energy costs surged in ​anticipation of conflict in the Middle East, adding ‌to signs that inflation is poised to accelerate in the months ahead.

U.S. consumer spending on Easter is expected to rise to a record $24.9 ​billion in 2026, a 5.5% increase ‌from a year earlier, industry body National Retail Federation said on Tuesday, signaling robust demand ​amid economic uncertainty.

Europe has warned that trade deals struck with the U.S. could now be at risk after President Donald Trump unveiled a new global 15% tariff on all imports at the weekend.

President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program.

The U.S. and Taiwan clinched a trade deal on Thursday that cuts tariffs on many of the semiconductor powerhouse’s exports, directs new investments in the U.S. technology industry and risks infuriating China.

US economy expanded at a strong 4.3% annual rate in third quarter as consumer and government spending grew.

Consumer prices rose less than expected in November, giving investors hope that inflationary pressures may be cooling enough for the U.S. monetary policy to be eased more than Wall Street anticipates.

Nonfarm payrolls grew slightly more than expected in November, the Bureau of Labor Statistics reported Tuesday in numbers delayed by the government shutdown.

In a surprising turn of events, the total value of sales at the retail level, a key indicator of consumer spending, remained unchanged, recording an actual growth rate of 0.0%.

Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business.

The Federal Reserve cut interest rates by a quarter percentage point for the third time this year on Wednesday while projecting one more cut for 2026.

Treasury Secretary Scott Bessent said on Sunday that it’s been a “very strong” holiday shopping season so far and predicted that the U.S. economy would end the year on strong footing.

China’s U.S.-bound goods fell for an eighth straight month despite a recent trade deal between the two economies, even as overall exports surpassed market expectations in November as manufacturers loaded up shipments to other markets.

The number of people who applied for unemployment benefits around the Thanksgiving holiday fell to a more than three-year low, reinforcing the view that businesses are mostly avoiding layoffs even as they freeze hiring.