Customers shop for produce at a grocery store.Brandon Bell/Getty Images WashingtonCNN — Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. But no matter who Trump blames for inflation, America’s economic mood is now souring — and Trump is getting the heat for it. The University of…
Egg prices are soaring due to avian flu outbreaks. But it’s yet another reminder that prices aren’t coming down as fast as President Donald Trump promised.Yuki Iwamura/Bloomberg/Getty Images CNN — On the campaign trail, President Donald Trump vowed repeatedly that he’d bring prices down “starting on Day One” if elected. It’s been a month since…
Germany’s export-oriented economy has struggled in recent years as energy prices have risen and competition from Chinese carmakers has heated up.Marijan Murat/picture-alliance/dpa/AP LondonCNN — When German voters go to the polls Sunday, the country’s moribund economy — and promises to fix it — will be front of mind. But Donald Trump’s looming import tariffs will…
America raises about $3 trillion each year from income taxes.Kayla Bartkowski/Getty Images CNN — No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in life are death and taxes. So the IRS is here to stay. Right? Well, maybe not, according to Commerce…
A person rides a bicycle in the Pudong financial district of Shanghai, China, on February 5, 2025.Go Nakamura/Reuters Hong KongCNN — Inbound investment in China plummeted to a four-year low in January, as the world’s second-largest economy grapples with a flurry of headwinds. The Ministry of Commerce reported on Wednesday that 97.6 billion yuan ($13.4…
President Donald Trump is right about the return of inflation: Consumer prices rose last month, in particular the cost of eggs.Kevin Lamarque/Pool/AP CNN — President Donald Trump, in an interview with Fox News’ Sean Hannity that aired Tuesday night, acknowledged that inflation is on the rise again — bucking his campaign promise to lower prices…
Semiconductor chips are seen on a printed circuit board in this photo illustration taken on February 17, 2023.Florence Lo/Reuters/File CNN — President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2….
A view of the Internal Revenue Service building in Washington, DC, on February 16, 2025.Annabelle Gordon/Reuters CNN — The Department of Government Efficiency (DOGE) — the special entity created by President Donald Trump and run by Elon Musk to bring about greater “governmental efficiency and productivity” — has been pressing for authorized access to IRS…
Commissions have remained largely unchanged since the National Association of Realtors implemented practice changes for its 1.5 million members in August, a study released this month from the real estate platform Redfin found.David Paul Morris/Bloomberg/Getty Images CNN — Last summer, rule changes from the National Association of Realtors, the powerful real estate trade organization, threatened…
Sales at US retailers and at restaurants account for about a third of overall spending. WashingtonCNN — American shoppers pulled back on their spending last month for the first time since August as high inflation continued to bite. Retail sales plunged 0.9% in January from the prior month, the Commerce Department said Friday. That’s below…
