Elon Musk is the owner of social media platform X. Aytug Can Sencar | Anadolu | Getty Images Elon Musk’s X has been hit with a 120 million euro ($140 million) fine by the European Commission for breaching transparency obligations, in the latest challenge to a U.S. big tech company by the bloc. The Commission…
A shopper browses a holiday food display while shopping for groceries ahead of the Thanksgiving Day holiday at an Albertsons supermarket in Redmond, Washington, U.S., November 24, 2025. David Ryder | Reuters A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown…
A hiring sign is displayed in the window of a business in Manhattan on Nov. 27, 2025 in New York City. Spencer Platt | Getty Images The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday. With worries intensifying…
NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962…
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images President Donald Trump knows who he’s going to select as the next Federal Reserve chair but isn’t saying yet. Prediction markets…
Hadynyah | E+ | Getty Images In a quarter partially affected by the 50% U.S. tariffs, the Indian economy grew faster than expected at an annual rate of 8.2% in the quarter ending in September. The growth was an acceleration from 7.8% in the previous quarter, when a lower deflator unexpectedly boosted real growth. A…
Core wholesale prices rose less than expected in September, indicating a potential cooling in pipeline inflation pressures, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of what producers get for final demand goods and services, increased a seasonally adjusted 0.3% on the month, in line with the Dow Jones consensus…
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, Sept. 4, 2025. David Dee Delgado | Bloomberg | Getty Images Communication at the Federal Reserve, particularly at the highest levels, rarely happens by…
Cleveland Federal Reserve President Beth Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle. The policymaker told CNBC that she thinks the current level of interest rates is “barely restrictive, if at all” when it comes to the economic impact….
The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics. Nonfarm payrolls increased by 119,000 in the month, up from the 4,000 jobs lost in August following a downward revision. The Dow Jones consensus estimate for September was 50,000. The July total…
