Economy

The Supreme Court ruled on President Donald Trump's bid to fire Fed Governor Lisa Cook, potentially reshaping presidential power over the central bank and economic policy.

The Unleash Prosperity report, titled "Boomsday Not Doomsday," argues AI could help ease housing costs, boost productivity and move workers into higher-value roles.

A new report estimates speeding up FDA drug approvals by one year could generate over $10 trillion in economic value from faster medical innovation.

Los Angeles delays its $30 minimum wage plan for hotel workers until 2030 amid industry warnings of layoffs, reduced hiring and rising labor costs.

Robert Shiller, a Nobel laureate in economics, says fears about AI severely impacting the job market are warranted but that they should be tempered.

California voters will decide on a ballot measure imposing a one-time 5% tax on billionaires, despite opposition from Gov. Gavin Newsom.

Mortgage rates ticked slightly higher this week, with the 30-year fixed rate rising to 6.49%, according to Freddie Mac's latest weekly survey.

First-quarter GDP grew at 2.1%, above the expected 1.6%, as equipment investment in AI and computers along with consumer spending led growth.

The Commerce Department PCE inflation report for May showed the Federal Reserve's favored inflation gauge rose higher amid the energy price shock caused by the Iran war.

Nearly 6,000 pounds of frozen meatloaf and mashed potato meals were recalled due to an undeclared soy allergen, according to federal officials.

Bessent says supply chain resilience, fair trade and dollar dominance are key to Trump administration's economic statecraft approach to global competition.