Truthout
Economy
Federal Reserve Governor Lisa Cook Sues Trump Over His Attempt to Fire Her
Trump has also threatened to fire Fed Chair Jerome Powell as he pushes the central bank to cut interest rates rapidly.
Bank CEOs Rake In Big Profits as Wall Street Ramps Up Fossil Fuel Financing
The 65 biggest banks committed $869 billion to firms expanding the fossil fuel industry last year, a new report says.
As CEO Compensation Soars, Everyone Else Gets Left Behind
Starbucks's CEO made 6,666 times the median Starbucks worker in 2024. He's not alone.
Indiana and Tennessee Opted Out of Summer EBT Program, Leaving Kids Hungry
“How can they not feed the kids?” asked one parent struggling with the sudden loss of the program.
US-Based Companies Announce Record Number of Impending Layoffs
“DOGE Actions” was the number one reason cited by employers for their planned job cuts.
Trump Taps Project 2025 Contributor to Lead Key Labor Statistics Agency
Trump’s pick has already said that he wants to suspend the BLS’s monthly jobs reports.
Labor Shortages, Declines in Tourism Plague US Economy Under Trump
Trump’s anti-immigrant agenda is wreaking havoc on the economy in tourism-dependent areas like Las Vegas, experts say.
Airlines Are Using AI to Set Personalized, Jacked-Up Prices
Experts say multiple carriers using the same price-setting softwares could amount to “algorithmic collusion.”
Trump Kicks Trade War Into High Gear as New Tariffs Take Effect
“Even if you strike a deal, it’s not safe. You never know what the president of the US is going to decide tomorrow.”
Trump Doesn’t Like Jobs Numbers, Fires Head of Labor Stats
Economist Dean Baker says Trump’s firing of the Bureau of Labor Statistics commissioner is a “five alarm fire.”