Voters are worried about the cost of housing. But Trump wants home prices to keep climbing
“I don’t want to drive housing prices down. I want to drive housing prices up...
Economy
FACT FOCUS: Trump says tariffs have created an economic miracle. The facts tell a different story
The proof Trump offers is often off-base or wrong altogether.
Renters use ‘rent now, pay later’ services to manage monthly payments, but fees raise concerns
Roughly 109 million Americans, or about 42.5 million households, are renters in the United States....
US job openings fall to 6.5 million, fewest since 2020, as labor market remains sluggish
The economy is in a puzzling place. Growth is strong: Gross domestic product — the...
The real cost of staying in the Bay Area for the Super Bowl
Super Bowl demand is driving up short-term rents across the Bay Area, reshaping the vacation...
Washington Post cuts roughly 1/3 of staff in massive layoff
The Washington Post announced widespread layoffs of roughly 1/3 of staff on Wednesday, affecting multiple...
PepsiCo plans price cuts as demand for its drinks and snacks slip
In addition to price cuts, PepsiCo plans to accelerate the introduction of new offerings with...
Eddie Bauer to close all North American stores, file for bankruptcy
Outdoor apparel retailer Eddie Bauer is expected to close its stores in North America and...
Labor Department delays January jobs report because of partial shutdown
The delay in data comes at a bad time. The economy is in a puzzling...
Trump names former Federal Reserve governor Warsh as the next Fed chair, replacing Powell
In some ways, Warsh is an unlikely choice for the Republican president because he has...
Apple’s iPhone sales surge to new quarterly high despite early missteps in artificial intelligence
“The demand for iPhone was simply staggering,” Apple CEO Tim Cook crowed during a conference...
Trump’s choice of Warsh to lead Fed could reshape the world’s most influential central bank
Trump's pick is likely to result in sharp changes to the powerful agency that could...
Starbucks sees room to expand with hundreds of new US stores and increased seating
In some ways, Starbucks is running counter to a growing U.S. trend of drive-thru-only coffee...
Layoffs are piling up, heightening worker anxiety. Here are some of the biggest recent job cuts
In the U.S., economists have said that businesses are largely at a “no-hire, no fire”...
Colorado sees slowest population gain since the oil bust of the late 1980s
A big drop in immigration cut the country's rate of poulation growth last year in...
Amazon cuts about 16,000 corporate jobs in the latest round of layoffs
Beth Galetti, a senior vice president at Amazon, said in a blog post Wednesday that...
Hundreds of businesses close to protest ICE surge in Minnesota
Organizers say more than 700 businesses pledged to close for the day, including dozens in...
In the case of the Federal Reserve, Supreme Court appears to carve out a murky exception
The court has signaled for months that it sees the Fed in a different light.
Economic leaders at Davos say global growth is resilient despite Trump disruption
But troubles loom such as worrying levels of government debt and inequality.
Michigan battery firm Our Next Energy cuts staff after losing EV contract
The Novi-based firm said in a notice to Michigan's employment agency that it laid off...
Supreme Court seems inclined to keep Lisa Cook on Fed board despite Trump attempt to fire her
The justices heard arguments Wednesday over Trump’s effort to fire Cook.
Minnesota statewide strike, economic blackout to protest ICE on Friday
The event, called “A Day of Truth and Freedom,” is being organized by union representatives,...
Supreme Court takes up politically charged case with independence of the Federal Reserve at stake
No president has fired a Fed governor in the agency’s 112-year history.
Michigan universities generate $45B in economic activity, report says
“This is economic impact that would not exist in Michigan if these institutions were not...
Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products
The prime minister, speaking outside against the backdrop of a traditional pavilion and a frozen...
Stellantis CEO says affordability is key, will explore sub-$30k offerings
Stellantis' focus on affordability comes as average U.S. vehicle prices hover around $50,000 — roughly...
Canada and China: A half-century journey from Pierre Trudeau to Mark Carney
A half-century later, relations soured under Trudeau’s son, Justin. His successor, Prime Minister Mark Carney,...
Michigan voters sour on Trump economy ahead of visit, poll shows
Trump campaigned vigorously in 2024 on reducing prices, but worsening attitudes toward the economy under...
As Canada tries to reduce its dependence on the US, its leader will visit China to rebuild ties
The push by Prime Minster Mark Carney, who arrives Wednesday, is part of a major...
Why the Federal Reserve has historically been independent of the White House
Trump's Justice Department is threatening the Federal Reserve with a criminal indictment.
Trump’s legal attack on Jerome Powell underscores his aim for full control over Fed
“I have carried out my duties without political fear or favor, focused solely on our...
Experts say Trump pullout from UN climate fighting will hurt world and leave US out of green surge
Experts say the move isolates America as the world transitions to green energy.
Trump says he wants to ban large investors from buying houses. It’s part of his affordability plan
President Trump says a ban would make it easier for younger families to buy their...
Trump made lots of tariff threats in 2025. Here’s some that never materialized
While many threats led to a barrage of new import taxes, others never materialized.
The U.S. may have a secret weapon against rising electricity prices
“If you can get new customers or new electricity consumption added to the grid when...
Consumers keep contradicting themselves. What does that mean for 2026?
The consumer is resilient, but the consumer is cautious. Americans are feeling down about the...
Trump’s farmer bailout caps tough year for loyal constituency
“For the most part, farmers - we’ve been willing to kind of go along. But...
More thrifting and fewer returns, the early trends that defined shopping this holiday
More are hitting thrift stores or other discounters in place of malls, according to data...
Americans facing a tough job market in 2025 won’t get a break next year
Workers outside of health care, in particular, have had a difficult go of it.
A look at the experts racing to decode Trump’s tariff rules
“The order is kind of vague sometimes, the guidance that’s being provided is sometimes murky,...
US drivers are seeing lower gas prices this holiday season
That figure has inched up slightly since, sitting at closer to $2.86 a gallon Tuesday...
US stocks rose again in 2025 after overcoming turbulence from tariffs and Trump’s fight with the Fed
It was a great year for anyone with the stomach to stick through the swings.
Consumer confidence slides in December to lowest level since US tariffs rolled out in April
Consumers confidence in the economy was shaken in December as Americans grow anxious about high...
Most US adults aren’t making year-end charitable contributions, new AP-NORC poll finds
Weaker income gains and steep price inflation meant that lower-income households had less money to...
Cautious shoppers stepped up spending to start holiday season
Consumers stepped up gift giving during the first seven weeks of the holiday shopping season,...
Trump’s ‘A+++++’ economy collides with reality in a Pennsylvania city critical to the midterms
“It’s worse than ever,” the 67-year-old retiree, who relies on Social Security, said when asked...
U.S. tariffs take a bite out of Germany’s iconic nutcracker industry
“The biggest concern wasn’t price - it was instability,” CEO Rico Paul said, standing in...
November US homes sales rose from the previous month, but down from 2024 as prices climb
“It’s possible that 2025, unless December (sales) figures really improve, we may be technically slightly...
Trump’s promised big tax cuts are expected to disappoint the average worker
Consumer sentiment is hovering near its lowest level on record.
Rise in late auto loan payments signals stress on low-income families
“The subprime delinquency rate is about as high as it’s been since the early ’90s,”...
Expert tips to ease financial pressure and avoid holiday overspending
To avoid putting additional pressure on your finances, use the the holidays as a time...
Shoppers say ’tis the season for inflation, an AP-NORC poll finds
Roughly half of Americans say it’s harder than usual to afford the things they want...
Tariffs have cost U.S. households $1,200 each since Trump returned to the White House, Democrats say
The Democrats’ report found that American consumers’ share of the bill came to nearly $159...
Trump’s handling of the economy is at its lowest point in AP-NORC polling
The poll results are a warning about how Americans are evaluating Trump's performance as the...
Tariffs threaten surprise fees for holiday shoppers
If shoppers aren't careful this holiday gift-giving season, they could get hit with unexpected charges...
Bessent says White House may ‘veto’ Federal Reserve presidents
It's a move that could give the White House more power over the independent agency.
Bitcoin dips below $85,000 briefly in crypto rout
The most-traded cryptocurrency is down about 33% since hitting a record $126,210.50 on Oct. 6,...
Illinois soybean farmers struggle with unpredictable trade war and rising costs
Farmers say they face added pressure from South American countries, which have become increasingly competitive...
Black Friday arrives with solid momentum despite tariffs and economic uncertainty
Shoppers nonetheless have remained resilient and willing to spend, at least judging by the solid...
Vance says Americans need patience on prices but says ‘We hear you’ on affordability concerns
The White House is grappling with how to speak to voters about the cost of...
Supreme Court ruling on tariffs will have these impacts on automakers
The direct manufacturing cost to car and truckmakers from tariffs, according to one high-level estimate,...
Labor Department won’t release full October jobs report, a casualty of the 43-day federal shutdown
The department’s “employment situation″ report usually comes out the first Friday of the month.
U.S. trade deficit drops 24% in August as Trump’s tariffs reduce imports
Imports fell in August from July when U.S. companies were stocking up on foreign products...
Trump, like Biden before him, finds there’s no quick fix on inflation
Even as Trump keeps saying an economic boom is around the corner, there are signs...
Amid economic uncertainty, Americans are betting on themselves
The U.S. job market is experiencing a steady downward trend with job cuts across a...
Micro-retirements are on the rise. Here’s what to know
Unlike traditional sabbaticals, which are often employer-sponsored, micro-retirements are self-directed breaks that employees take throughout...
Workers take on side jobs to combat stagnant salaries and insecurity about employment
Some are drawn to side jobs because of instability in their workplace, or the perception...
Government will release September jobs report next week, ending data drought from federal shutdown
The interruption of federal economic statistics came at an awkward time.
The unprecedented government shutdown will weigh on a US economy already under stress
About 1.25 million federal workers haven’t been paid since Oct. 1.
The shutdown has ended – but this economist isn’t rejoicing quite yet
The Conversation spoke with RIT economist Amitrajeet A. Batabyal on the short- and long-term impact...
2 Federal Reserve officials oppose an interest rate cut in December
The officials cited several reasons for keeping rates unchanged, after reductions in September and October.
US health care premium spikes to squeeze Main Street businesses
Small business owners like Harrison, along with their workers and people who are self-employed, make...
Atlanta Fed president Bostic to retire in February, opening seat on key committee
Trump has repeatedly attacked the Fed this year for not cutting interest rates as quickly...
Could a 50-year mortgage mean savings for home buyers?
Housing economists say the longer time frame could save buyers a couple hundred dollars a...
Flight disruptions will persist even after shutdown ends, airlines warn
Flight cuts ordered by the Trump administration entered their fifth day Tuesday, as airlines warned...
Shutdown leaves a mark on an already-struggling economy, from lost paychecks to canceled flights
The longest federal government shutdown in U.S. history is leaving a mark on an already-struggling...
Treasury Secretary Scott Bessent says Trump’s $2,000 ‘dividend’ may come via tax cuts
Bessent said he hadn’t spoken to the president about this idea but “the $2,000 dividend...
Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
The White House is adjusting its messaging strategy after voters said the economy was their...
Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes
Trump will still have plenty of options to keep taxing imports aggressively even if the...
Shutdown pause on federal economic data leaves auto sellers, analysts in the dark
Analyst: “Not knowing where the market is heading could mean too many or too few...
What to know about the Supreme Court’s arguments over President Trump’s tariffs
The Trump administration got a chilly reception at the Supreme Court, where a majority of...
Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no...
Downriver home sale inventory expanding
Figures also indicate a modest bump upward in sales prices.
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Jassy said at the time that Amazon had more than 1,000 generative AI services and...
Government shutdown likely means no inflation data next month for 1st time in decades
Most of the inflation data is gathered in person by government employees who visit stores...
Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month
The benefits increase will go into effect for Social Security recipients beginning in January.
New poll reveals growing economic worry in Michigan amid Trump’s trade war
The poll of 600 registered voters conducted from Sept. 10-14 revealed concerns about price increases,...
IMF more upbeat about US growth than just months ago, but outlook is dimmer than last year
While the U.S. and world economies have fared better than expected, it’s too soon to...
AAA: Michigan gas prices fall under $3 a gallon
The price is 16 cents less than a month ago and 37 cents below the...
Cold shoulder from Canada is costly for American distillers struggling with global trade tensions
“Even though things have eased up, we still are not back on the shelf in...
Federal shutdowns usually don’t do much economic damage. There are reasons to worry about this one
Trump is threatening to use the standoff to permanently eliminate thousands of government jobs.
Downriver Community Conference selected to be part of new state program
The Downriver Community Conference was one of 10 organizations selected to be part of a...
Gold prices soar to new records amid US government shutdown
The going price for New York spot gold hit a record $3,858.45 per troy ounce.
Federal shutdown cuts off economic data vital to policymakers and investors
It comes at a time of unusual uncertainty about the direction of the U.S. economy.