Tag: Donald Trump
For Trump’s ‘no taxes on tips,’ devil is in details
President Donald Trump’s promise to eliminate taxes on tips may sound like a windfall for service workers – but the fine print in Congress’...
Federal judge to deny Trump administration’s motion to dismiss lawsuit over...
A federal judge in Massachusetts said Wednesday he plans to deny a motion by the Trump administration to dismiss a lawsuit over its blocking...
Federal Reserve leaves its key rate unchanged but sees 2 cuts...
WASHINGTON (AP) – Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of...
U.S. retail sales slide after a spring spending surge to beat...
WASHINGTON (AP) – Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President...
Hoping for the best, planning for the worst: R.I. FY26 budget...
Health care may have received top billing in the revised $14.3 billion fiscal year 2026 budget lawmakers unveiled late Tuesday night, but the silent star...
Consumer sentiment rises for 1st time this year as inflation remains...
WASHINGTON (AP) – Consumer sentiment increased in June for the first time in six months, the latest sign that Americans' views of the economy...
What does waning interest in buying electric vehicles mean for R.I.’s...
Rhode Island is steadily plugging into the electric vehicle future – but it’s doing so against a backdrop of growing national hesitation.
While the state...
U.S. producer prices rise modest 2.6% in May with inflationary pressures...
WASHINGTON (AP) – U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild.
The Labor Department reported Thursday...
Inflation rose slightly last month as grocery prices ticked higher
WASHINGTON (AP) – U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame.
Consumer prices increased 2.4%...
World Bank sharply downgrades global economic growth forecast to 2.3%
WASHINGTON (AP) – President Donald Trump's trade wars are expected to slash economic growth this year in the United States and around the world, the World...
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