Economy Archives - Slay News

Trump Touts Flood of Capital Investment in U.S from Major Companies

President Donald Trump has touted a flood of new capital investments in the U.S. as proof that his bold economic reforms are restoring American industry. It comes as Trump's critics continue to stoke fears about the impact of the president's global tariffs. At a White House event, Trump welcomed the…

White House Confirms Trump Considering Firing Fed Chair Jerome Powell as Interest Rate Tensions Flare

The White House has confirmed that officials are looking into whether President Donald Trump can fire Federal Reserve Chair Jerome Powell. It comes as the administration accuses the central bank leader of "playing politics" with monetary policy. Speaking to reporters at the White House, Trump's economic adviser Kevin Hassett said:…

EU Caves, Offers Trump ‘Zero-for-Zero Tariffs’ on Industrial Goods in Trade Deal with U.S

European Union (EU) Commission President Ursula von der Leyen has announced that the bloc has offered President Donald Trump a major trade deal for "zero-for-zero tariffs" on industrial goods. Von der Leyen revealed that the EU is now seeking the historic arrangement in order to avoid a full-blown trade war…

Trump Gets Economic Boost as February Sees Unexpected Growth

President Donald Trump has secured a huge economic boost as durable goods orders in the United States experienced a surprising increase in February. The boost came contrary to projections of a decrease. This unexpected uptick signals robust business investment in several sectors crucial to the economy. The news is a…

Core Consumer Prices Fall to Lowest Level in Four Years as Inflation Eases Under Trump

Core consumer prices fell in February to their lowest level in nearly four years as the inflation rate came in lower than economists had predicted, the latest figures show. The news is another huge win for President Donald Trump's administration. In response to the figures, Trading Economics reported: “The annual…

Trump Nominates Cryptocurrency Advocate Paul Atkins to Lead SEC

President Donald Trump has nominated cryptocurrency advocate Paul Atkins to lead the Securities & Exchange Commission (SEC). Trump named Atkins as SEC chairman on Wednesday after vowing on the campaign trail to fire Gary Gensler from the position. During the campaign trail, Trump pledged to introduce policies to transform the…

Major Car Manufacturer Nissan on ‘Brink of Collapse,’ Thousands of Jobs at Risk

Car manufacturing giant Nissan is reportedly "on the brink of collapse," putting thousands of American jobs at risk. The automaker may now only have 12 months to survive, it has been warned. The Japanese auto firm that employs 17,000 people in the US, and tens of thousands more around the…

Trump Raises Alarm Over Latest Jobs Report: Biden-Harris Economy Is a ‘Disaster’

President Donald Trump has issued a warning to the American people after reviewing the latest U.S. jobs report. When hurricanes Helene and Milton hit Florida, North Carolina, Georgia, and Tennessee in recent weeks, Republicans worried that the dismal conditions would keep voters from getting to the polls. But the larger…

U.S Economy Records ‘Disastrous’ Job Growth Before Election

The U.S. recorded a minimal job growth of just 12,000 positions in October 2024, marking a "disastrous" economic downturn right before Election Day. October's job figures marked the lowest monthly increase since the close of 2020. The numbers fell far short of economic forecasts, according to the Daily Wire. As…

Bill Clinton: ‘Economy Was Better’ Under Trump

Bill Clinton has admitted that the United States "economy was better" under President Donald Trump. It comes as Democrat presidential candidate Kamala Harris is battling multiple scandals in the final days of her campaign. The Democrats are still scrambling to contain the damage of President Joe Biden calling Americans "garbage."…