California Forever’s Ambitious Plan Faces Another Setback
A legislative setback for a manufacturing and housing proposal shows how hard it remains to build in the largest state — and why a backlash against billionaires could make it even harder.
USA
Robust Hiring Reinforces Strength of the U.S. Economy
Employers added 162,000 jobs and unemployment held at 4.1 percent last month, signs of a stability that contrasted with high inflation weighing on households and markets.
Trump Threatens to Halt Some Trade Unless the Fed Cuts Rates
The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.
Former Labor Secretary Stoked Dysfunction and Toxicity, Department Report Finds
Lori Chavez-DeRemer spent Labor Department funds on personal travel and tolerated harassment in the agency, its inspector general found.
Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’
The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.
U.S. Trade Gap Ballooned in July
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
Shoppers are less peeved by cost hikes due to scarcity – but retailers more often blame their own rising costs
Inflation-strapped shoppers are becoming ever more skeptical about companies' justfications for price hikes. Pars Sahin on Unsplash, CC BYOver the past few years, consumers have been hit with a steady stream of price hikes on everything from groceries to streaming subscriptions.
Labor votes: Discontent will accompany blue‑collar voters to the polls in the midterms
President Donald Trump greets a retired UAW autoworker while speaking at the General Motors Milford Proving Ground on July 27, 2026, in Milford, Mich.
White House ballroom cleared for now, but question remains: Can president legally use donations to build it?
The Supreme Court said construction of a White House ballroom can continue. AP Photo/J.
Making the Fed more accountable to Congress and the public may be just what it needs to fend off Trump’s threats to its independence
To many Americans, the Fed is a big black box, and its decisions remain largely inscrutable. AP Photo/Andrew HarnikThe Federal Reserve – one of the world’s most powerful institutions – affects the U.S. economy in a way that no other part of government can.
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