Economy
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You Vote: Do you approve of President Trump's plan for global reciprocal tariffs?
Some are concerned that they will start trade wars, leading to higher prices and inflation in the U.S.
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Inflation climbed to annualized rate of 3% in January, Bureau of Labor Statistics reports
Consumer prices rise 0.5% in January
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Trump begins trade war in earnest by shoring up key allies, targeting Chinese goods
Aluminum and steel are key materials in industrial manufacturing, an industry Trump hopes to resuscitate in the U.S. economy. At this point in time, China has an overwhelming advantage in accessing strategic commodities.
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January labor report shows slowdown in jobs added to U.S. economy
The January unemployment rate was 4%, down slightly from 4.1% in December
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China announces antitrust investigation into Google
China launches an antitrust investigation of Google at the same time as it retaliates against Trump's tariffs.
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Wall Street opens down Monday following Trump's tariffs on Canada, Mexico and China
The S&P 500 index went down 1.7% and the Nasdaq composite was down a little over two percentage points.
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Costco and Teamsters union reach tentative deal to avoid strike
Costco announced pay would increase to $30.20 per hour as thousands of workers threatened to strike
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Federal Reserve holds interest rates
The decision to leave rates unchanged was widely expected
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Study: Washington the best state for entrepreneurs in 2025
Washington does not have a personal or corporate income tax.
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Target rolls back DEI programs, following other retailers
Target has long faced conservative pushback, including over its pride month displays and offerings for children.
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Tesla sales drop 1.1% in 2024, first annual decline in 12 years
The report covers 12 years and marks the first time Tesla has released such data over that period.
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Millions of Americans will get a pay raise New Year's Day, an increase in social security benefits
While nine million people will benefit from state-led wage increases, about three million could potentially get a boost in social security benefits.
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Gas prices at the pump expected to drop slightly in 2025, for third straight year
The price climbed to over $5 a gallon nationally in mid-2022, as the country emerged from the pandemic and struggled with high inflation.