New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said. Source link
Economy
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U.S. Trade Deficit Fell to Lowest Level Since 2009 as Tariffs Reshape Trade
The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on imports, the latest data showed. Source link
Nicolai Tangen Manages Trillions of Dollars, but His Podcast Made Him Famous
Nicolai Tangen wanted to raise the profile of Norway’s $2.1 trillion oil fund and change corporate behavior, but he may have helped embroil it in a geopolitical tangle. Source link
Minimum Wage Rises in Some States as Workers Struggle With Basic Costs
This year, for the first time, more workers will live in states with a minimum wage of at least $15 per hour than in states with the federal minimum of $7.25. Source link
December’s Jobs Data Reinforces Fed’s Cautious Approach to Future Cuts
For the central bank to lower interest rates again, officials will likely need to see more notable signs that unemployment is rising. Source link
Jobs Report Shows U.S. Hiring Slowed One Year Into Trump’s Second Term
As economists pointed to some of the president’s policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year. Source link
U.S. Hiring Continues at Modest Pace, but Weaknesses Are Evident
The unemployment rate fell in December, but job growth across 2025 was the lowest in five years. Source link
E.U. and South America to Form Free-Trade Zone With 700 Million People
The agreement represents a push for deeper global cooperation, in contrast to the United States’ turning to coercion in its dealings with other countries. Source link