CPI Shows Inflation Accelerating to 3.8% Annually in April After Weeks of War in Iran
The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.
New York Times
How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil
As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
Which Trump Tariffs Are in Place, in the Works or Ruled Illegal
The president has reworked his tariffs repeatedly — sometimes because they have been declared illegal — with more updates still to come.
What to know about the report.
Employers added 115,000 jobs and the unemployment rate remained at 4.3 percent despite higher energy prices and instability spurred by the war with Iran.
Federal Reserve Turns Focus to Inflation as Job Market Stabilizes
April’s report showed employers added more jobs than expected, supporting the central bank’s view that it can afford to hold interest rates steady.
With fuel costs soaring, Trump insists the economy is strong.
White House aides have sounded bullish on the jobs report, even as warning signs mount amid the war with Iran.
Trade Court Rules Trump’s 10% Global Tariff Is Illegal
A panel of federal judges found that President Trump could not legally impose the tariff on most imports.
Howard Lutnick Grilled by Lawmakers Over Epstein Ties
The commerce secretary appeared for hours in a closed-door session on Wednesday with the House Oversight Committee
Higher Gas Prices Are Hitting Lower-Income Americans the Hardest
People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.
U.S. Sues The New York Times, Claiming Discrimination Against a White Man
The Equal Employment Opportunity Commission said the paper had engaged in “unlawful employment practices” against the man, who did not get a sought-after promotion.
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