Economy
U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.…
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expenses for companies is probably conservative. ...
Regional banks, Jefferies shares tank as concerns about sour loans grow on Wall Street
Fears are mounting around the health of their lending businesses. ...
Asia markets rise, breaking ranks with Wall Street’s declines on renewed U.S.-China trade feud
Asia-Pacific markets were higher Wednesday, breaking ranks with Wall Street's declines after U.S. and China exchanged blows in a renewed…
Fed’s Powell suggests tightening program could end soon, opens door to rate cuts
Fed Chair Jerome Powell on Tuesday said the central bank is nearing a point where it will stop reducing the…
There’s a shocking disparity between how high-income and low-income earners feel about the economy
New JPMorgan data shows how Americans in different income brackets perceive the economy. ...
ASML looks to calm fears over 2026 growth as it warns of China sales decline
ASML on Wednesday looked to allay concerns over 2026 growth as an increase in AI investments helped fuel orders at…
Trump threatens China with cooking oil embargo over soybean snub
President Donald Trump said the U.S. is considering ending its cooking oil trade with China in retaliation for Beijing refusing…