Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Consumer prices rose slightly less than expected in February, but President Donald Trump's escalating trade wars and a declining labor market are keeping economic uncertainty high. Inflation increased 0.2 percent in February and 2.8 percent over the past year, according to new Bureau of Labor Statistics data released on Wednesday, Mar. 12. The yearly inflation number remained well above the Federal Reserve's two-percent target. The monthly increase was smaller than January's jump of 0.5 percent. February's figures were also a little lower than Dow Jones expectations, CNBC reported. Co…
Trump Halts Mexico Tariffs Amid Rising Trade Tensions, Domestic Economic Fears Trump Halts Mexico Tariffs Amid Rising Trade Tensions, Domestic Economic Fears
Trump Halts Mexico Tariffs Amid Rising Trade Tensions, Domestic Economic Fears President Donald Trump is reversing course on tariffs against Mexico, stepping back from a trade war he started with the nation's southern neighbor. In a Thursday, Mar. 6 post on his social media platform Truth Social, Trump said he struck a deal with Mexican President Claudia Sheinbaum to delay tariffs on goods covered by the United States-Mexico-Canada Agreement (USMCA). The pause will be in effect until Tuesday, Apr. 2. "I did this as an accommodation, and out of respect for, President Sheinbaum," Trump posted. "Our relationship has been a very good one, and we are working hard, to…
Trump Pauses Auto Tariffs Amid Trade War Fallout With Canada, Mexico Trump Pauses Auto Tariffs Amid Trade War Fallout With Canada, Mexico
Trump Pauses Auto Tariffs Amid Trade War Fallout With Canada, Mexico President Donald Trump is giving US automakers a brief delay on tariffs imposed against Canada and Mexico as trade war tensions escalate and concerns rise domestically about the economy. The pause was confirmed at a news briefing by White House Press Secretary Karoline Leavitt on Wednesday, Mar. 5. The move came one day after Trump officially placed 25 percent tariffs on Canadian and Mexican goods while raising tariffs on Chinese imports to 20 percent. The country's "Big Three" automakers — Stellantis (formerly Chrysler), Ford, and General Motors — talked with Trump abou…
Target Faces 40-Day Boycott Over Diversity Rollbacks As Retailer's Sales, Stock Slump Target Faces 40-Day Boycott Over Diversity Rollbacks As Retailer's Sales, Stock Slump
Target Faces 40-Day Boycott Over Diversity Rollbacks As Retailer's Sales, Stock Slump Some Christians in the US are giving up something different for Lent: shopping at Target. A faith-based boycott of Target began on Wednesday, Mar. 5, which is also the first day of Lent. The "Target Fast" opposes the retail giant's rollback of diversity, equity, and inclusion (DEI) initiatives in the wake of President Donald Trump's return to office. Atlanta pastor Dr. Jamal Bryant organized the boycott, calling for Black consumers especially to wield their economic power. "Black people spend on average $12 million a day in Target, so with that large of a consumption pie, we need to be tre…
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Job growth in the private sector slowed to its weakest pace in seven months, as hiring lags amid economic uncertainty and rising trade tensions, according to new data. Private employers added just 77,000 jobs in February, the ADP said in its National Employment Report released on Wednesday, Mar. 5. That number marks the smallest job growth since July 2024 and was down sharply from January's revised total of 186,000. February's data is the latest in a wave of troubling economic indicators during the first two months of President Donald Trump's return to office. "Policy uncertainty…
Car Theft Ring: 13 Gang Members Stole Dozens Of Cars, Credit Cards On Long Island, DA Says Car Theft Ring: 13 Gang Members Stole Dozens Of Cars, Credit Cards On Long Island, DA Says
Car Theft Ring: 13 Gang Members Stole Dozens Of Cars, Credit Cards On Long Island, DA Says Thirteen alleged gang members have been indicted in Suffolk County for their involvement in a massive vehicle theft and fraud ring, prosecutors announced Tuesday, March 4. The group, associated with the Hempstead/Freeport-based gang “5-L” or “CC Boyz,” targeted cars across Suffolk County between February 2023 and August 2024, stealing 15 vehicles, breaking into 52 more, and taking 75 credit cards, which they used to make more than $40,000 in fraudulent purchases, prosecutors alleged. The suspects traveled from Nassau County to Suffolk County late at night or early in the morning, looking fo…
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Shoppers at Best Buy and Target should prepare for higher prices as new tariffs on imports from Mexico, Canada, and China disrupt supply chains, according to the companies' CEOs. The heads of the retail giants sent out warnings about likely price hikes for everything from fresh produce to expensive electronics. On Tuesday, Mar. 4, President Donald Trump officially enacted 25 percent tariffs on goods from Mexico and Canada, along with raising tariffs on Chinese imports to 20 percent. Best Buy CEO Corie Barry said the chain heavily relies on China and Mexico as its top two…
Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight' Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight'
Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight' Canada, Mexico, and China are responding to President Donald Trump officially placing tariffs on the three nations, escalating tensions with the US's key trading partners and increasing concerns about rising costs for American consumers. The US officially imposed 25 percent tariffs on Canadian and Mexican goods on Tuesday, Mar. 4. On the same day, the US also raised tariffs on Chinese imports to 20 percent. On his social media platform Truth Social, Trump claimed the solution to the trade wars is bringing more businesses into the country. "IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE …
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…
Cop Impersonator Busted Shoplifting At New Hyde Park Target, Police Say Cop Impersonator Busted Shoplifting At New Hyde Park Target, Police Say
Cop Impersonator Busted Shoplifting At New Hyde Park Target, Police Say An accused cop impersonator was busted shoplifting from a Long Island Target store, police said. Nassau County Police responded to the New Hyde Park Target store on Union Turnpike for an attempted shoplifting at around 10 a.m. Friday, Feb. 21, the agency said. Employees told police that Yunzhi Xie, 43, had attempted to exit the store with unpaid merchandise. When a loss prevention employee confronted Xie, he claimed to be a police officer and presented a shield despite not being a law enforcement officer, according to police. Xie, of Flushing, Queens, was arrested on suspicion of criminal …
Amputated Fingertips, Severe Injuries From Coolers Spark Massive Recall: CPSC Amputated Fingertips, Severe Injuries From Coolers Spark Massive Recall: CPSC
Amputated Fingertips, Severe Injuries From Coolers Spark Massive Recall: Cpsc Igloo is recalling more than one million rolling coolers after reports of severe fingertip injuries, including amputations. Igloo Products Corp. issued the recall for about 1,060,000 of its 90-quart Flip & Tow rolling coolers, the Consumer Product Safety Commission announced on Thursday, Feb. 13. A dangerous defect in the tow handle can pinch users' fingertips, posing risks of crushing injuries. The CPSC said Igloo has received 12 reports of injuries, including fingertip amputations, bone fractures, and lacerations. The recall also includes about 47,000 coolers sold …
Five-Pocket Discount: Shoplifter Shoves Employee While Fleeing Lawrence Target, Police Say Five-Pocket Discount: Shoplifter Shoves Employee While Fleeing Lawrence Target, Police Say
Five-Pocket Discount: Shoplifter Shoves Employee While Fleeing Lawrence Target, Police Say A shoplifter with a pants full of stolen goods assaulted an employee while fleeing a Long Island Target store, police said. Jose Rodriguez, 43, was arrested on robbery and related charges following an alleged theft at the Lawrence Target on Rockaway Turnpike on Tuesday, Feb. 4. Rodriguez entered the store at around 5:40 p.m. and proceeded to stuff stolen merchandise under his shirt and in his pants before exiting the business, Nassau County Police said. When a loss prevention worker confronted him outside, he allegedly shoved the employee before fleeing. Officers quickly located and arrest…