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U.S. Economy

The economy has a Strait of Hormuz deadline for Trump: Two weeks

March 22, 2026 by Admin
The economy has a Strait of Hormuz deadline for Trump: Two weeks

An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty Images With oil prices at levels not seen in years and global business supply chains across sectors of the economy shut down by the de facto closure of …

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Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk

March 16, 2026 by Admin
Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk

An employee monitors bottles as they move along the drug production line inside the packaging unit at the Lupin Ltd. pharmaceutical plant in Salcette, Goa, India, Bloomberg | Bloomberg | Getty Images The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the …

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Trump insists trade deals safe after Supreme Court ruling upends tariff authority, but partners aren’t so sure

February 25, 2026 by Admin
Trump insists trade deals safe after Supreme Court ruling upends tariff authority, but partners aren’t so sure

President Donald Trump walks past Supreme Court Chief Justice John Roberts, Associate Justice Elena Kagan, Associate Justice Brent Kavanaugh and Associate Justice Mary Coney Barrett as he arrives for the State of the Union address during a Joint Session of Congress at the U.S. Capitol on Feb. 24, 2026, in …

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‘Dismal’ China exports add to freight trade slump for nation’s biggest port

February 17, 2026 by Admin
‘Dismal’ China exports add to freight trade slump for nation’s biggest port

The Port of Los Angeles is seen from the Goodyear Blimp on Thursday, Dec. 11, 2025 in Los Angeles, CA. Juliana Yamada | Los Angeles Times | Getty Images New data from the Port of Los Angeles shows that commitments made by China to buy more U.S. agricultural products as …

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From Hyatt to Holiday Inn, America’s free hotel breakfast is facing a K-shaped economic threat

February 15, 2026 by Admin
From Hyatt to Holiday Inn, America’s free hotel breakfast is facing a K-shaped economic threat

Jeff Greenberg | Universal Images Group | Getty Images At some point in the 1980s and 90s, the free hot breakfast became a staple of the hospitality industry. At many a Holiday Inn or Hampton Inn, the lobby at 8 a.m. is a pinwheel of pajama-clad kids, frazzled parents, and …

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Tariff bills across U.S. states mount as affordability and Trump head for midterm elections showdown

February 11, 2026 by Admin
Tariff bills across U.S. states mount as affordability and Trump head for midterm elections showdown

New analysis of U.S. Census data shows that states across the U.S. where key midterm elections will take place this year paid over $134 billion in tariffs in the period since President Donald Trump began implementing widespread trade duties in March 2025 through last November. In all, the U.S. Census …

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Gen Z is nostalgic for 2016 amid economic unease. Mall brands like Abercrombie & Fitch may see a revival

February 7, 2026 by Admin
Gen Z is nostalgic for 2016 amid economic unease. Mall brands like Abercrombie & Fitch may see a revival

If you’ve been online the past month at all, you likely encountered at least one hyper-saturated, neon-colored throwback post captioned somewhat along the lines of: “2026 is the new 2016.” What started as a social media meme could be lighting the fire for a broader shift in the cultural zeitgeist …

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President Trump’s tariffs fueled U.S. Customs bond market boom. Now billions hang on Supreme Court ruling

February 6, 2026 by Admin
President Trump’s tariffs fueled U.S. Customs bond market boom. Now billions hang on Supreme Court ruling

The US Supreme Court in Washington, DC, US, on Tuesday, Jan. 27, 2026. Al Drago | Bloomberg | Getty Images If the Supreme Court rules President Donald Trump’s International Emergency Economic Powers Act (IEEPA) tariffs are illegal, U.S. companies would not only be in line to receive tariff refunds, but …

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As American retail store anchors fade, private clubs are taking over more commercial real estate

February 1, 2026 by Admin
As American retail store anchors fade, private clubs are taking over more commercial real estate

Guests at the Fendi Dallas Highland Park Village Boutique in Dallas, Texas. Rick Kern | Getty Images Entertainment | Getty Images In today’s K-shaped economy, lower-income consumers headed out to shop may be hitting Dollar General or a post-bankruptcy Big Lots, but affluent Americans are increasingly headed for the shopping …

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Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

January 30, 2026 by Admin
Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade …

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