Case for more Fed rate cuts could rest on ‘systematic overcount’ of jobs
In the Federal Reserve’s battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries over the employment situation Continue Reading
New quarters feature pilgrims, not civil rights
Commemorative quarter depicting a pilgrim. Source: U.S. Mint The U.S. Mint on Wednesday revealed special quarter-dollar coin designs for the U.S.’ 250th birthday featuring pilgrims and former presidents rather than previously floated civil rights themes. Designs considered ahead of next year’s anniversary included those focused on abolitionist Frederick Douglass and Continue Reading
U.S. has to stop taking in ‘below-average’ immigrants that won’t help economy
Commerce Secretary Howard Lutnick said Thursday that the U.S. should focus on bringing in immigrants that help grow the economy as the White House rolls out its long-awaited “gold card” visa. “We’re the only great country that lets other people just come in without vetting them and deciding whether they’re Continue Reading
Bessent to propose major overhaul of regulatory body created from financial crisis
U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at Lincoln Center on December 03, 2025 in New York City. David Dee Delgado | Getty Images Entertainment | Getty Images Treasury Secretary Scott Bessent is proposing a major change in the approach Continue Reading
U.S. will finish the year with 3% GDP growth
U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at Lincoln Center on December 03, 2025 in New York City. David Dee Delgado | Getty Images Entertainment | Getty Images More CNBC coverage on U.S. economy The latest report on inflation, delayed Continue Reading
PCE inflation report September 2025:
A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. The core personal consumption expenditures price index, which excludes volatile food and energy Continue Reading
Layoff announcements this year top 1.1 million, the most since 2020 when pandemic hit, Challenger says
A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty Images Announced job cuts from U.S. employers moved further ahead of 1 million for the year in November as Continue Reading
What China’s Xi and France’s Macron discussed in Beijing
BEIJING, CHINA – DECEMBER 3: French President Emmanuel Macron (R) and Chinese President Xi Jinping walk during a state visit at the Great Hall of the People on December 3, 2025 in Beijing, China. Adek Berry-Pool | Getty Images News | Getty Images China said it was open to importing Continue Reading
Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent Continue Reading
Private payrolls unexpectedly fell by 32,000
A hiring sign is displayed in the window of a business in Manhattan on Nov. 27, 2025 in New York City. Spencer Platt | Getty Images The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP Continue Reading