Economic Indicators

GOP blames Biden for 'horrendous' April jobs report

April's disappointing jobs report added more fuel for Republicans Friday in their staunch opposition to President Biden's taxing and spending policies, while Democrats argued the lackluster economic numbers show the urgent need for more federal intervention.

Gun stocks pop as FBI background checks jump

Shares of gun stocks climbed higher during Monday’s trading session after the FBI released data about the sizable number of background checks conducted for firearm purchases last month.

Biden's mega-spending proposal leaves towns divided

The $2.25 trillion proposal, dubbed the American Jobs Plan and aimed at boosting infrastructure among many other projects, would be financed by raising the corporate tax rate from 21% to 28%.

US goods trade deficit widens in March

The U.S. trade deficit rose to a record high in March due to strong domestic demand and government aid, while pandemic worries have also started to fade.