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Economy shrank 0.5% between January and March, as tariffs disrupted business

WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported

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US producer prices rise modest 2.6% in May

WASHINGTON (AP) — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported Thursday that its

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Inflation rose slightly last month as grocery prices ticked higher

WASHINGTON (AP) — U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame. Consumer prices increased 2.4% in May compared

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U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump’s policies

WASHINGTON (AP) — The American job market likely continued to slow last month, hobbled by worries over President Donald Trump’s trade wars, deportations and purges of the federal

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Unemployment benefits filings rose to highest level in 8 months last week

WASHINGTON (AP) — Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs

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Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war

NEW YORK (AP) — Stocks rallied Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies

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