The unemployment rate held steady at 4.2%, near historic lows, according to a jobs report released Friday by the Labor Department. Economists had largely expected growth to cool in April, after an unexpected burst of hiring in March that added jobs to the economy.... Read More
Inflation-adjusted consumer spending climbed 0.7% last month, according to Bureau of Economic Analysis data out Wednesday. That was the most since the start of 2023 and suggested households spent aggressively to get ahead of new tariffs.... Read More
The Consumer Financial Protection Bureau first suspended many of its services in February after an order from the Trump administration’s U.S. DOGE Service.... Read More
Initial claims increased by 6,000 to 222,000 in the week ended April 19, according to Labor Department data released Thursday. That was in line with the median forecast in a Bloomberg survey of economists and close to the 12-month average.... Read More
Americans spent an estimated $71.7 billion on GLP-1 drugs including Ozempic and Wegovy in 2023, a 500% increase from their spending on such drugs five years earlier, according to a research letter published earlier this month in JAMA Network Open.... Read More
Eli Lilly & Co. plans to manufacture its new weight-loss pill in the United States for patients around the world as President Donald Trump presses companies to move production back to American shores.... Read More
President Donald Trump’s tariff exclusions for smartphones and other tech products have added to a growing set of confusing signals for companies and trading partners digesting how to engage a White House still promising to negotiate dozens of new deals.... Read More
A widely followed survey from the University of Michigan found that consumers’ expectations for the next year’s inflation jumped to 6.7%, the highest reading since 1981. ... Read More
The automaker has outlined a program in which suppliers would apply for help from the company to make monthly tariff payments to the U.S. government, according to a person familiar with the matter. ... Read More
Companies such as Target, Abercrombie & Fitch, and Best Buy recently painted a gloomy picture for the upcoming year as consumers contend with stubborn inflation and potential fallout from President Donald Trump’s tariffs on imported goods.... Read More
