Economy
Image
As Western nations back Israel, Iran threatens to close Strait of Hormuz, upend global economy
The strait, between the Persian Gulf and the Gulf of Oman, provides the only water passage from the Persian Gulf to the Arabian Sea
Image
Head of agency over Fannie Mae and Freddie Mac calls for Fed Chair Powell to resign
President Trump has been publicly blasting Powell and the Fed for not cutting interest rates even though the unemployment rate remains close to historic lows.
Image
'Historic partnership' finalized between US Steel and Nippon Steel
The $15 billion deal will result in what will be the world’s 4th-largest steelmaker, and will bring Nippon Steel’s advanced technology to U.S. Steel’s antiquated steelmaking processes.
Image
Federal Reserve holds interest rates, amid uncertainty about direction of US economy
President Trump has been pushing for the Federal Reserve to cut interest rates.
Image
You Vote: Do you agree with Trump's plan to allow farm and hotel workers here illegally to stay?
Trump, for his part, insisted that if he deported longstanding farmworkers, the farmers would then hire the criminals whom he insisted President Joe Biden allowed in the country.
Image
Inflation rate for May increased 0.1% from previous month, annual rate now 2.4%, Labor Department
Analysts projected a 0.2% increase from April to May.
Image
Fear of inflation fell in May: New York Federal Reserve survey
The Fed's Survey of Consumer Expectations showed that the one-year inflation outlook decreased a 0.4 percentage point, down to 3.2%, from April.
Image
US economy added 139K jobs in May, unemployment rate remains at 4.2%
Analysts forecasted 120,000 new jobs would be added to the economy
Image
Trump tariffs to slash deficit by $2.8 trillion over 10 years: CBO
The figure comes amid backlash from some Senate Republicans to the "big, beautiful bill" over its impact on federal spending.
Image
West Virginia Gov. Morrisey works to decouple his state’s investments from China
West Virginia Investment Management Board voted to adopt a policy similar to the Board of Treasury Investments to divest from Chinese companies.
Image
Trump's 50% steel tariffs begin, tariffs on UK remain 25%
The UK, which sends 7% of its total steel exports to the U.S. that is worth $500 million, is keeping the 25% tariff as a U.S.-UK trade deal is being worked out.
Image
Top Trump economic adviser predicts legislative agenda will make American families $10,000 richer
During a Just the News special with the Association for Mature American Citizens (AMAC) to be aired Thursday night, Hassett urged the Senate to pass Trump's 'big beautiful bill' or else face a massive tax hike.
Image
Consumer confidence increases after five-month decline
"The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards," economist Stephanie Guichard said.