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Moody's downgrades United States credit rating on increase in government debt
Moody’s had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals.
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Retailers working to bring in inventory during tariff reprieve
Port officials said there has been a 44% drop in docked vessels due to the tariff war between China and the U.S. But in a matter of weeks–that could change. Starting Wednesday, the 90 day tariff reprieve begins. Over the weekend, the U.S. agreeed to cut its 145% tariff on Chinese goods to 30%. The dramatic de-escalation means retailers are...
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Local businesses thankful for the 90-day pause on China tariffs but still worry about what's to come next
Many retail business owners are working against the clock to bring in holiday inventory while 90-day tariff pause goes into effect.
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US and China agree to pause their recent tariffs for 90 days
The two sides agreed to cancel 91% in tariffs on each other’s goods and suspend another 24% in tariffs for 90 days.
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Economic jitters and soaring gold prices create frenzy for US jewelry merchants
As gold prices soar to record highs resulting from global economic jitters, hundreds of thousands of U.S. dollars’ worth of gold are circulating through the doors of the St. Vincent Jewelry Center in downtown Los Angeles on any given day.
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Treasury seeks cheaper nickel production ahead of possible penny elimination
A nickel may be worth 5 cents but costs nearly 14 cents to make. With the penny possibly being eliminated, the Treasury wants a new, cheaper nickel.
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Fed Chair: High tariffs risk inflation and slower economic growth
Speaking at a news conference Wednesday, Fed Chair Jerome Powell warned that prolonged high tariffs could cause inflation, slower growth, and rising unemployment.
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Airfare, produce and TVs: Which prices are falling for consumers?
Even though inflation hasn’t dropped, some pockets of the U.S. economy have seen price drops recently. Here’s a look at what’s rising and falling.
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Trump proposes 100% tariffs on foreign movies
The president called tax incentives offered by foreign countries “a national security threat” in a post on Truth Social.
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Retailers are turning the trade war into a sales event
Buy now or pay later: Brands beg shoppers to spend before Trump’s tariffs hit their prices.
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How tariffs are affecting the Kentucky Derby
Uncertainty over the economy due to President Donald Trump’s oscillating tariff policies looms large over America’s longest running sporting event.
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US payroll growth totals 177,000 in April, defying expectations
Nonfarm payrolls were expected to increase by 133,000 in April, according to the Dow Jones consensus estimate.
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US GDP declines 0.3% as imports surged ahead of Trump's tariffs
The U.S. economy contracted 0.3% in the first quarter of 2025, the first negative reading since the Covid pandemic, according to an initial measurement by the Commerce Department.
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Farmers call trade war tariffs ‘full blown crisis' to agriculture exports
U.S. agriculture exporters say global backlash to President Trump’s tariffs are already resulting in canceled orders and farm layoffs.
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Longtime North Texas coffee roaster navigates tariff's
The best coffee beans aren’t grown in the United States, 온라인카지노사이트 5’s Vince Sims talks to a longtime coffee roaster in North Texas who is navigating a wide range tariff prices on imported goods.
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‘Some of us aren't going to make it': How tariffs are already impacting this small business
Bill Sandweg, co-owner of Copper Star Coffee in Phoenix, described how his cafe is already seeing an impact from tariffs.
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12 states sue Trump administration over ‘economically reckless' tariffs
A dozen states, led by Arizona Attorney General Kris Mayes and Oregon Attorney General Dan Rayfield, sued the Trump administration over its global tariff policies.
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Grim retirement: Survey shows Americans worry more about finances than death
Would you rather die than run out of retirement money? A new survey shows Americans are more worried about finances than death.
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Businesses are already trying to pass tariff costs onto customers, Fed report says
Businesses dealing with tariffs are looking for ways to pass increasing costs onto consumers, according to the Beige Book report.
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Builders face unknowns as tariffs threaten home improvement costs
What cost impact the Trump administration’s tariffs will have on items, such as lumber and flowers, remains unclear to experts in the field of home improvement and landscaping.