economy
April Retail Sales Were Rocky, in Line With Tariff Turmoil
Shoppers' shaky spending patterns mirrored the unsettled feelings they experienced during April's trade…
Consumer Debt Grows as Export Market Shrinks Due to Tariff Turmoil
As shoppers risk incurring an unmanageable amount of debt due to inflation, tariffs and rising interest…
Report: 70% of Small Businesses Believe US Headed Toward Recession
While most small businesses are pessimistic about the country's economic future, 85 percent of supply chain…
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Treasury Secretary Says Trade Deals Imminent—Just Not With China
Treasury Secretary Scott Bessent said the U.S. is engaged in talks with 17 nations that could result in deals…
Retail Job Losses Up 77 Percent in April
Second only to tech, retail cut the most jobs of any consumer-facing sector.
Layoffs Coming for Trucking, Retail Ahead of Projected Recession, Report Says
Apollo Global Management's chief economist projects that, in late May or early June, trucking and retail will…
FedEx Cuts 2025 Guidance Again in Warning Sign for US Economy
FedEx CFO John Dietrich said he assumes the macroeconomic environment won't significantly improve through the…
Escalating Tariff Tensions Could Drag Down Global GDP and Fuel Inflation, Economists Say
Modeling by the Organization for Economic Cooperation and Development shows duties would lead to a host of…
At NRF’s Big Show: Holiday Recap & What’s in Store for 2025
This year, nobody got far into the event without hearing about new iterations of retail AI, the latest in…
How Tariffs, Downstream Demand and Inflation Could Impact the Cotton Market
The leading concern in the cotton industry and beyond is demand. Rising interest rates, inflation and…
Trump’s Treasury Pick Calms Wall Street’s Nerves
President-elect Donald Trump has chosen hedge fund manager and George Soros protege Scott Bessent to lead the…
After a Series of Disruptive Years, U.S. Economy and Global Cotton Market Are Calming
After sourcing interruptions, inflation and recession concerns, experts say it seems we're "coming back to…
84% of U.S. Manufacturers Anticipate a Recession in Next Two Years
American suppliers aren't optimistic about the sector's future due to headwinds like a talent shortage…
Trump, Harris and China Weigh in on Tariffs Ahead of Impending Increases
In the lead-up to the November election, both presidential nominees are seeking to solidify their trade…
Harris Officially Embarks on ‘Unlikely Journey’ to the White House
Vice President Kamala Harris accepted the Democratic party's nomination for the presidency on Thursday…