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Economy

Current reporting, analysis and essential context from the economy desk.

Latest20 stories
Experts Criticize Mamdani's Grocery Plan as Taxpayer-Funded Illusion
5 min

Experts Criticize Mamdani's Grocery Plan as Taxpayer-Funded Illusion

New York City mayoral candidate Zohran Mamdani's proposal for 30% cheaper groceries at city-backed stores is facing sharp criticism from economists who argue the discounts would be an illusion paid for by taxpayers and would harm private grocers.

Bargain Buffets Persist in Las Vegas as Luxury Dining Expands
4 min

Bargain Buffets Persist in Las Vegas as Luxury Dining Expands

While high-end dining dominates the Las Vegas Strip, a few budget-friendly buffets continue to operate, attracting value-conscious gamblers and local customers. Casinos like South Point and Circus Circus use low-cost buffets to drive traffic despite slim margins, even as luxury buffets thrive and visitor demographics shift toward wealthier tourists.

Trump invokes never-used 1930s tariff law to impose 50% duties on Canadian goods
5 min

Trump invokes never-used 1930s tariff law to impose 50% duties on Canadian goods

President Donald Trump has activated Section 338 of the Tariff Act of 1930 for the first time in U.S. history, imposing 50% tariffs on a range of Canadian imports. The move expands his trade war playbook and introduces new legal uncertainty for businesses, as the administration seeks alternative tariff authorities after recent Supreme Court setbacks.

Teamsters Push Trump for Tariffs on Mexican Beer Imports
5 min

Teamsters Push Trump for Tariffs on Mexican Beer Imports

The International Brotherhood of Teamsters is urging the Trump administration to impose significant tariffs on Mexican beer, arguing that brands like Modelo and Corona should be brewed in the United States to protect American jobs and manufacturing.