The United States stands to lose about $30 billion in international tourism this year, as the country’s political environment and strong dollar continue to deter foreign travelers from visiting. In early 2025, the U.S. Travel Association projected foreign travel spending would rise to $200.8 billion this year. However, noting a “sharp and widespread” drop in…
US Secretary of the Treasury Scott Bessent speaks as US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC on September 5, 2025. Mandel Ngan | Afp | Getty Images Treasury Secretary Scott Bessent said Sunday that he is “confident” that President Donald Trump’s tariff plan “will…
Apple shareholders and investors betting on a Federal Reserve rate cut have received good news lately. The week ahead offers tests to both camps. Fresh off Friday’s soft jobs report, the other side of the Fed’s dual mandate of maximum employment and price stability will take center stage in the coming days. But first, we’ll…
Commerce Secretary Howard Lutnick predicted that the Bureau of Labor Statistics’ new jobs report Friday would be more accurate because President Donald Trump fired former Commissioner Erika McEntarfer last month. Lutnick made that prediction less than an hour before BLS said job growth stalled out in August. “I think they’ll get better,” Lutnick told CNBC’s…
Jobseekers during a Hospitality House career fair in San Francisco on Aug. 13, 2025. David Paul Morris | Bloomberg | Getty Images The outlook seems to be getting worse for job seekers. The U.S. economy added just 22,000 jobs in August, below expectations, and the unemployment rate rose to 4.3%, the Bureau of Labor Statistics…
President Donald Trump‘s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history. Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and…
An attendee holds a “Join Our Team” flyer during the Best Hire Chicago Career Fair in Chicago, Illinois, US, on Thursday, Aug. 7, 2025. Jim Vondruska | Bloomberg | Getty Images Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely…
Rebecca Slaughter Leah Millis | Reuters President Donald Trump on Thursday asked the Supreme Court to allow him to fire Federal Trade Commission commissioner Rebecca Slaughter, who lower courts ordered reinstated after he terminated her. Trump wants the Supreme Court to pause her reinstatement as he appeals the case. “President Trump acted lawfully when he…
Steven Chechette (C) speaks with a recruiter at the KeySource booth at the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, on April 30, 2025. Joe Raedle | Getty Images U.S. private sector hiring rose less than expected in August, data released Thursday shows, offering the latest indication…
French Prime Minister Francois Bayrou (L) delivers a general policy statement to MPs at the National Assembly in Paris on January 14, 2025. Thomas Samson | Afp | Getty Images Heading into another vote of confidence next week, France now unexpectedly finds itself unfavorably compared to Italy, a country previously renowned for political upheaval and…
