3 d. ago Inflation likely rose last month as Trump’s sweeping tariffs boost goods prices

WASHINGTON (AP) — U.S. inflation likely ticked higher last month as the Trump administration’s import taxes have lifted the price of goods, potentially putting the Federal Reserve in a tough spot when it meets next week. Economists forecast that consumer prices rose 2.9% in August from a year earlier, according to a survey of economists […]

Economics

4 d. ago Supreme Court to quickly consider if Trump has power to impose sweeping tariffs

WASHINGTON — The Supreme Court on Tuesday granted an unusually quick hearing on whether President Donald Trump has the power to impose sweeping tariffs under federal law. The justices will hear arguments in November, lightning fast by the typical standards of the nation’s highest court. The small businesses and states that challenged the tariffs in […]

Economics

9 d. ago Poland Seeks to Extend Power Price Cap, Enabling More Rate Cuts

Poland’s government is optimistic about quickly passing legislation to extend a cap on power prices, a move that the central bank governor said would boost the chances for another interest rate cut.

Economics

1 week ago McDonald’s is cutting prices in some markets as other chains join in

McDonald's says it plans to cut some prices and launch new promotions in the United States to help boost sluggish sales growth, but it isn't clear about Canadian restaurants.

Economics

2 w. ago U.S. federal appeals court rules some of Trump’s tariffs illegal

WASHINGTON — A United States federal appeals court ruled on Friday that many of U.S President Donald Trump’s tariffs are illegal — but it allowed for the levies to remain in place as the case likely makes its way to the Supreme Court.  The United States Court of Appeals for the Federal Circuit found that […]

Economics

3 w. ago Estée Lauder Cuts Some Prices Despite the Continued Tariff Toll

Estée Lauder Cos. is lowering prices on some items to boost sales, an unusual move at a time when many US consumer companies are raising prices to offset higher tariff costs.

Economics