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The Trump administration says its proposal to roll back vehicle fuel economy standards, announced officially in the Oval Office on Wednesday, is an attempt to shave dollars off the ballooning cost of new cars in the US. But the intended price drops likely won’t show up on dealership lots and showroom floors for months if … Read more
The Trump administration announced plans Wednesday to lower fuel economy standards for cars and light trucks sold in the United States. With CEOs from Ford and Stellantis in attendance, President Donald Trump proposed rolling back fleet-wide fuel economy to 34.5 miles per gallon for 2031 model-year cars. The previous fuel economy standard, set under the … Read more
Traffic on Interstate 80 in San Pablo, California, US, on Wednesday, Nov. 26, 2025. David Paul Morris | Bloomberg | Getty Images The White House will announce new fuel economy standards on Wednesday, according to administration sources. The White House will propose a major rollback of the standards implemented by former President Joe Biden last … Read more
From corporate executives to Wall Street analysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating. So what does it mean? Simply put, the upper part of the K refers to higher-income Americans seeing their incomes and wealth rise while the bottom part points to lower-income households struggling with weaker income gains … Read more
In a village outside Botswana’s capital, Keorapetse Koko sat on an aging couch in her sparsely furnished home, stunned that a career — and an entire nation’s economy — built on diamonds had fallen so far, so fast. For 17 years, she had earned a living cutting and polishing the gems that helped transform Botswana from … Read more
But despite those concerns, shoppers hit the stores in full strength on Black Friday, with some even sipping champagne as they searched for discounts on the day that traditionally kicks off the holiday shopping season. Just outside New Orleans, shoppers flooded Lakeside Shopping Center to see what deals they could find. The mall offers champagne to Black … Read more
Hadynyah | E+ | Getty Images In a quarter partially affected by the 50% U.S. tariffs, the Indian economy grew faster than expected at an annual rate of 8.2% in the quarter ending in September. The growth was an acceleration from 7.8% in the previous quarter, when a lower deflator unexpectedly boosted real growth. A … Read more
The number of Americans applying for unemployment benefits declined last week in a sign that overall layoffs remain low, even as several high-profile companies have announced job cuts. U.S. applications for unemployment benefits in the week ending Nov. 22 dropped 6,000 from the previous week to 216,000, the Labor Department reported Wednesday. The figure is below the 230,000 … Read more
If you are holding onto your aging printer or cracked smartphone longer than you had planned, you are not alone. Heather Mitchell, 69, retired and living in Tucson, Arizona, is content with her phone even though it is old by smartphone standards. “My Samsung Galaxy A71 is six-years-old. It’s hanging in there surprisingly well for … Read more
Since February, according to my latest analysis, almost 600,000 Black women have been economically sidelined. The November 20, 2025, Jobs Report makes clear this isn’t a blip. It’s a structural crisis. The economy added only 119,000 payroll jobs in September. Revisions to August and July erased another 33,000 positions (the country actually lost 4,000 jobs … Read more
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