Trump inauguration live updates: Day One executive orders target Alaska energy, birthright citizenship, DEI efforts

Trump inauguration live updates: Day One executive orders target Alaska energy, birthright citizenship, DEI efforts

Melania’s ‘fit’ designed by Adam Lippes US President Joe Biden and First Lady Jill Biden greet President-elect Donald Trump and Melania Trump as they arrive at the White House in Washington, DC, on January 20, 2025, before departing for the US Capitol where Trump will be sworn in as the … Read more

Trump tariff threats fuel frontloading of trade shipments into U.S., led by China

Trump tariff threats fuel frontloading of trade shipments into U.S., led by China

Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. Major ports on the Yangtze, China’s longest river, are expected to post a total throughput of 4.02 billion tonnes of cargo this year, breaking the mark of 4 … Read more

Displaced Los Angeles-area residents face spiking rents as authorities warn of price gouging

Displaced Los Angeles-area residents face spiking rents as authorities warn of price gouging

An aerial view of a fire truck near homes destroyed in the Palisades Fire as wildfires cause damage and loss through the LA region on January 13, 2025 in Pacific Palisades, California.  Mario Tama | Getty Images Joe Thompson’s desperate post-wildfire scramble to find a new place for his family … Read more

Fed meeting recap: Powell says central bank to be ‘cautious’ on rate cuts, rocking market

Fed meeting recap: Powell says central bank to be ‘cautious’ on rate cuts, rocking market

Consumers are feeling the effects of higher prices, not higher inflation, Powell says Powell thinks that consumers are feeling the effect of high prices, rather than of high inflation. “We understand very well that prices went up by a great deal, and people really feel that, and it’s prices of … Read more

Shipping giant Maersk expects strong demand and ‘another year of disruption’ for global trade in 2025

Shipping giant Maersk expects strong demand and ‘another year of disruption’ for global trade in 2025

The past year has been a strong one for North American import trade demand, and that should continue for both ocean and air cargo into 2025, according to shipping giant Maersk, but so will supply chain disruptions. After year-on-year growth in North American market imports of roughly 20%-24% across the … Read more

These economists say artificial intelligence can narrow U.S. deficits by improving health care

These economists say artificial intelligence can narrow U.S. deficits by improving health care

Can artificial intelligence be so transformative as to solve one of the U.S. economy’s biggest problems: its skyrocketing fiscal deficit? According to three economists at the Brookings Institution, the answer is yes — AI could prove a positive “critical shock” for the country’s fiscal health.  A working paper released last … Read more

Why airline passenger walks to the terminal gate may get a little longer

Why airline passenger walks to the terminal gate may get a little longer

When the Northwest Arkansas National Airport Regional Airport Authority voted in September to remove its only moving sidewalk from the terminal, it joined the latest in a growing list of airports that have decided passengers will just have to use their own two feet to get to gates. According to … Read more

A double whammy of tariffs and strikes is coming for U.S. trade and the global supply chain in early 2025

A double whammy of tariffs and strikes is coming for U.S. trade and the global supply chain in early 2025

The Garden City Port Terminal in Savannah, Georgia. Sean Rayford | Getty Images Uncertainty among U.S. shippers is escalating into 2025 with the expectation of new Trump tariffs and the possibility of a new ports strike that could begin in mid-January. Supply chain and logistics executives tell CNBC that shippers … Read more

What Trump’s mass deportation plan would mean for immigrant workers and the economy

What Trump’s mass deportation plan would mean for immigrant workers and the economy

President-Elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals to their home countries to more sweeping ones like mass deportations. During the campaign, Trump pledged to end the Temporary Protected Status that allows workers from … Read more

Red state voters backed a progressive pro-worker issue on Trump election night ballots and national momentum is building

Red state voters backed a progressive pro-worker issue on Trump election night ballots and national momentum is building

For some workers, the decision to stay home when sneezing and coughing will no longer mean forgoing a day’s pay.  In Tuesday’s election, ballot measures passed in three red states — Alaska, Missouri and Nebraska — that would require employers to provide earned paid sick leave for employees, with certain … Read more

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