Economics

Elon Musk may never colonize Mars as promised, but enough investors consider the SpaceX founder to be a sort of miracle man that they’ll help him reach another fantastic goal Friday when he takes the rocket company public.

Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

The Trump administration is proposing that tariffs of 10% or more be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor.

KEY POINTS

World shares mostly retreated and oil prices jumped on Monday after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall.

Economists predict the Consumer Price Index will have risen to 3.8% in April, up another 0.6% from March.

In a victory for importers and a setback for the Trump administration, the Court of International Trade struck down a second round of worldwide tariffs that the president ordered to replace import levies that were outlawed by the U.S. Supreme Court.

The U.S. stock market fell from its record heights Monday, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran.

Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced Saturday that it has gone out of business after 34 years.

Donald Trump‘s administration plans to launch next Monday the system it will use for issuing refunds to American importers for $166 billion the companies paid in tariffs that the U.S. Supreme Court struck down in February as unlawful.

Following California implementing a law raising its minimum wage to $20 for more than 500,000 fast-food workers in the state in 2024, Christopher Thornberg, founding partner of research firm Beacon Economics, offered a warning about the state raising its minimum wage.

Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7

Deputy Defense Secretary Steve Feinberg set up a new unit to lead all the Pentagon’s work that involves fusing economic leverage and requirements into joint U.S. military planning and operations, according to a memorandum obtained by DefenseScoop.

Workers at one of the nation’s largest meatpacking plants who staged a multiweek strike have reached an agreement with plant owner JBS USA, the company and labor union representatives announced Sunday.

U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted, further diminishing chances for an interest rate cut this year.

Raising a child comes with a long list of expenses, from child care to additional groceries. But how much does that add up to over 18 years?

The US Federal Debt just hit $39 Trillion. Most people think it’s “unpayable.” Most people are wrong.

Oil prices soared and stocks sank after Donald Trump vowed in a televised speech to hit Iran “extremely hard” over the coming weeks, knocking investors’ hopes of a near-term end to the conflict in the Middle East.

National average hit $4.02, according to AAA data, capping an extraordinary rise from $2.98 just a month ago

Microsoft just completed a fiscal year in which it earned $101.8 billion in net income. That is not a typo. One hundred and one point eight billion dollars in profit. No software company in the history of capitalism has ever done that.

KEY POINTS

The US and Brazil accused each other of blocking an agreement over taxes on international online trade. The WTO is experiencing a period of prolonged deadlock.

Dow fell 800 points as oil prices continue to climb, and markets are still on edge despite US pause on Iranian energy strikes

KEY POINTS

Fertilizer. Phones and laptops. Flights. These are just some of the products made from or powered by crucial materials that ship through the strait of Hormuz, which still remains effectively closed due to the US-Israel war on Iran.

Actual study.

The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.

Markets seem particularly attuned to increasing oil prices, with S&P 500 and Nasdaq down 1.5% and 2% respectively

Oil prices rose Friday as energy infrastructure in the Middle East was damaged and the vital Strait of Hormuz was still largely shut.

Jerome Powell resists Trump pressure as policymakers weigh energy shock against a weakening US jobs market

What do economics students learn – beyond models and methods?

A generation ago, Poland rationed sugar and flour while its citizens were paid one-tenth what West Germans earned. Today its economy has edged past Switzerland to become the world’s 20th largest with over $1 trillion in annual output.

Trump DoJ’s investigation was purportedly about the management of the central bank’s renovation