U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Annabelle Gordon | Kevin Lamarque | Reuters If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, …
June O’Connell, founder and director at Irish gin and whiskey-makers Skellig Six18 Distillery, said U.S. tariffs have hit her business hard this year. Paul McCarthy | Skellig Six18 Distillery Along the “last road in Ireland,” on the country’s rugged west coast, June O’Connell’s business Skellig Six18 makes gin and whiskey — …
With expectations that prices will rise throughout the economy over the summer as more tariffs stack up, a group of legislators on Capitol Hill, highlighted by Senator Elizabeth Warren (D-Mass.), introduced a bill to target price gouging by the market’s biggest companies. The Price Gouging Bill of 2025 — introduced …
Cooling towers at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. Danielle DeVries | CNBC If there is one thing the U.S. needs to lead the artificial intelligence revolution, it’s electricity. Insane amounts of it. A 2024 report commissioned by the U.S. Department of Energy …
With talent in short supply and the nation’s workforce more mobile than ever, companies are seeking to locate in places where workers want to live. That makes quality of life an economic issue. And state economic development organizations are leaning into that as they pitch their states to business. “Connecticut …
American business is in the grips of a serious labor shortage, even though hiring has slowed and artificial intelligence is picking up more of the slack. The U.S. Chamber of Commerce says that for every 100 job openings, only 92 workers are available to fill them. That means the nation …
With the U.S. economy solid but still facing elevated risk of recession — or, as President Trump described it in May, in a “transition period” — states are pitching themselves as the most stable place for companies to locate no matter what happens to the economy. “Multiple international headquarters, hundreds …
The odds of a recession may be falling, but states appear to be betting that corporate leaders are still nervous. An analysis of all 50 states’ economic development marketing efforts — part of CNBC’s annual America’s Top States for Business study — finds that a strong economy is the most …
One of the biggest problems with inflation is that once it has burrowed into an economy, it is very difficult to rid of it. Just when Federal Reserve policymakers thought they might have finally gotten the better of the inflation that gripped the U.S. economy following the pandemic, along came …
Inflation has fallen considerably, but it is still too high for Federal Reserve policymakers’ tastes. And tariffs make the calculation even more complicated. “We’ve had goods inflation just moving up a bit,” said Fed Chairman Jerome Powell at a news conference last month. “We do expect to see more of …