Author: Leslie Stewart

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingFormer Michigan State football coach Sherone Moore enters plea deal00:22to the nextDeadly tornadoes damage multiple states00:51Iran holds former regime responsible for war with US and Israel02:07Clinton reflects on friendship with Pastor Jesse Jackson00:40Epstein files released in connection with allegations against Trump00:28Biden to honor Reverend Jesse Jackson at funeral00:43President Obama speaks at Reverend Jesse Jackson’s funeral00:41Meet the mascots of some of the countries of the World Cup00:23Nancy Guthrie’s neighbors ask about internet outage00:48Police officer reveals details about Britney Spears’ arrest01:10Pokemon denounces White House’s use of…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingClinton reflects on friendship with Pastor Jesse Jackson00:40to the nextEpstein files released in connection with allegations against Trump00:28Biden to honor Reverend Jesse Jackson at funeral00:43President Obama speaks at Reverend Jesse Jackson’s funeral00:41Meet the mascots of some of the countries of the World Cup00:23Nancy Guthrie’s neighbors ask about internet outage00:48Police officer reveals details about Britney Spears’ arrest01:10Pokemon denounces White House’s use of game images00:27The US economy lost 92,000 jobs in February.01:02IDF releases footage of Iranian bunker attack00:18World War II veteran celebrates 100th birthday00:24Sri Lankan Navy…

Although the war between the United States and Iran is unfolding thousands of miles away, American consumers are already feeling the economic ramifications.Last weekend’s attacks on Iran by the United States and Israel threw markets into turmoil, leading to a week of soaring mortgage rates and rising prices. These changes are likely to drag down already depressed consumer confidence while further elevating affordability as a key political issue.”War is never good for consumer sentiment,” said Mark Brennan, an associate professor at New York University’s Stern School of Business. “It may be good for munitions, manufacturers, lobbyists and other clowns, but…

The U.S. economy lost jobs in February, a month marred by severe winter weather and strikes at major health care providers, the Bureau of Labor Statistics reported Friday.The number of non-farm payrolls for the month was 92,000 fewer than the expected 50,000, and below the downwardly revised January total of 126,000. February’s payroll decline was the third in the past five months, following a sharp revision in December that showed a decline of 17,000 jobs.At the same time, the unemployment rate rose slightly to 4.4% as employment fell across major regions. The broader unemployment rate, which includes discouraged workers and…

San Francisco Fed President Mary Daly said Friday that the weak February jobs report makes the policy-making environment even more difficult.In an interview with CNBC, Daly declined to state his position on interest rates, but said future decisions would be complicated by a weakening labor market and inflation still above the central bank’s 2% target.”This job market report caught my attention,” she said in an interview on “Squawk Box.” “I don’t think you can look through this report, but I also don’t think you should leverage more than one month of data.”On Friday, the Bureau of Labor Statistics reported that…

Economists hoping for a better understanding of the U.S. job market are muting their expectations.The Bureau of Labor Statistics is scheduled to release payroll numbers for February on Friday, and the monthly data is expected to show slow growth, due in part to large-scale strikes in the health care industry.The US job market remains in turmoil. A surprisingly strong report in January gave optimism that hiring was on the rise, but the data also showed that U.S. job growth in 2025 will be much lower than previously thought.”We do not expect the February jobs report to provide much new information…

Damac Heights real estate development (right) at Dubai Marina in Dubai, United Arab Emirates, on Friday, February 20, 2026.Bloomberg | Bloomberg | Getty ImagesThe United Arab Emirates is considering cutting off Iran’s access to billions of dollars held in the Gulf state, The Wall Street Journal reported Thursday. The move could cripple Tehran’s access to foreign currency and global trade networks at a time when the country’s economy is deteriorating and the military conflict with the United States and Israel has put it under further pressure. Citing people familiar with the talks, the newspaper reported that Emirati authorities have warned…

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A “Now Hiring” sign is seen at an AutoZone in Hollywood, Florida on February 11, 2026. Joe Radle | Getty ImagesThe labor market in 2025 has been widely described as “unstable,” with virtually no job growth and significant headwinds expected. But in 2026, things will look more or less the same, and the buzzword seems to be “stable.”Employment is low and layoffs remain low, with companies reluctant to lay off workers as demand remains strong, but also reluctant to add employees due to uncertainties surrounding tariffs, inflation and geopolitics.But characterizations from Federal Reserve officials and market economists have become at…

BEIJING – China on Thursday announced its lowest growth target in 35 years, as the world’s second-largest economy struggles with domestic challenges and growing uncertainty around the world.Premier Li Qiang, China’s No. 2 bureaucrat, said in a “work report” held at Beijing’s Great Hall of the People during the opening of the National People’s Congress, China’s biggest political event of the year, that China will aim for gross domestic product (GDP) growth of 4.5% to 5% this year, “while actually aiming for improvement.”This figure is the lowest compared to the 5% target achieved last year and is the first formal…