Economy
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New York City lost nearly 5,000 businesses last year
Employers closed their doors or left for other low-tax states.
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Inflation rate held steady in December at 2.7% compared to same time last year
The Federal Reserves targeted inflation is 2% annually.
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Monthly jobless rate declines for first time since June, economy gained 50,000 jobs
The number of jobs added in November was 56,000, according to revised bureau analysis,
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US trade deficit shrinks to $29.4 billion, lowest since 2009
The deficit was last reported at $48.1 billion
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Why this week’s labor data matters more than the headlines
Before last fall’s government shutdown, the jobs market already was bending in a less reassuring direction.
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Tesla loses title of world's biggest EV maker after sales continue to drop
Tesla said it only delivered 1.64 million vehicles in 2025, down 9% from a year earlier. It also saw a drop in sales in 2024.
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New coins, ‘Redbacks’ released through Texas’ new Bullion Depository
Texas boasts the only state-run bullion depository in the country.
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Bankruptcies on the rise across US economy, large corporate filings highest in 15 years
Among the big companies that filed for bankruptcy were JoAnn Fabrics, Spirit Airlines and Hooters restaurants
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California presses wealth tax despite national unpopularity, billionaires threats to flee
A ballot initiative currently being prepared for November 2026, known as Initiative 25-0024 or the “2026 Billionaire Tax Act,” would impose a one-time 5% levy on the net worth of individuals and trusts with at least $1 billion in assets as of January 1, 2026.
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Louisiana businessman sells company for $1.7B, allocates $240M as bonuses for employees
The deal in which Eaton acquired Fibrebond committed payouts averaging over $400,000 to each of the 540 employees, to be paid out over five years.
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Report finds Americans are still paying off credit debt from last Christmas
Study was done by WalletHub.
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Trump preparing landmark new policy to spur up to 12 million new and affordable homes, adviser says
Housing costs are a major part of the "affordability" issue facing many Americans. President Trump is hoping his new plans will relieve much of that financial pressure.
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U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%
Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.