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Amazon CEO Andy Jassy gave a warning to wallet-wary Americans in the wake of President Trump’s tariff agenda — saying the everything site many have come to rely on may have to up prices on common items. Jassy issued an equivocating warning to Amazon customers that the world’s most popular online retailer is facing challenges […]
Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, […]
Last week, Michelle King, the acting commissioner of the Social Security Administration, sought to reassure Democrats on Capitol Hill about the presence of two of Elon Musk’s allies at her agency. The Social Security Administration keeps medical information, bank account numbers and other sensitive personal data about the roughly 70 million Americans it provides with […]
President Trump on Saturday formally enacted sweeping tariffs on Canada, Mexico and China, fulfilling a long-promised threat to force America’s closest trading partners to pony up. Canada and Mexico will be hit with a 25% tariff on all imports, while Chinese products will receive a more modest 10% tariff. The US will also impose 10% tariffs on […]
Oscar Wong | Moment | Getty Images For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family. When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they thought of as a safe place — an […]
