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Tag: U.S. economy

US investor and hedge fund manager Scott Bessent testifies before the Senate Finance Committee on his nomination to be Secretary of the Treasury, on Capitol Hill in Washington, DC, on January 16, 2025. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

U.S. Treasury Dept: ‘Blue-collar’ wage growth sees largest increase in almost 60 years under Trump

Blue-collar workers have reportedly experienced their most significant wage growth under any administration in nearly six decades.

Read More U.S. Treasury Dept: ‘Blue-collar’ wage growth sees largest increase in almost 60 years under Trump
DES PLAINES, IL - JULY 06: Pennies lay in a pile July 6, 2006 in Des Plaines, Illinois. According to the U.S. Mint says a penny costs more to make than it's worth, 1.2 cents, prompting some to call for its demise. (Photo Illustration by Tim Boyle/Getty Images)

U.S. Mint places final order to end penny production following Trump’s order

The U.S. Mint has placed its final order for penny blanks and will cease production entirely by early next year, bringing an end to one of the nation’s longest-standing forms of currency, the Treasury Department announced Thursday.

Read More U.S. Mint places final order to end penny production following Trump’s order
The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo, Japan March 18, 2019. Picture taken March 18, 2019. REUTERS/Yuka Obayashi/File Photo

Exclusive: Nippon Steel to invest $4 billion for new U.S. Steel mill in $14 billion package, document says

Nippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company.

Read More Exclusive: Nippon Steel to invest $4 billion for new U.S. Steel mill in $14 billion package, document says
The outside of a Skechers shoe store is seen at Times Square in New York May 2, 2014. REUTERS/Shannon Stapleton/File Photo

Skechers to be taken private for $9.42 billion in biggest footwear industry deal

Investment firm 3G Capital has offered $63 per Skechers share in cash, the footwear brand said on Monday.

Read More Skechers to be taken private for $9.42 billion in biggest footwear industry deal
SUNRISE, FLORIDA - APRIL 30: A 'Now Hiring' sign sits next to the Jiffy Lube booth during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2025 in Sunrise, Florida. Over 150 local hiring managers & recruiters were at the job fair to recruit workers for 1000s of positions in Miami, Broward, and Palm Beach County. (Photo by Joe Raedle/Getty Images)

April Job Gains Reach 177K, Showing Resilience Amid Tariff Concerns

A new April jobs report has revealed that the U.S. economy added 177,000 jobs last month, which exceeded analysts expectations due to tariff concerns. 

Read More April Job Gains Reach 177K, Showing Resilience Amid Tariff Concerns
A cargo ship and tugboat sail through the Cocoli Locks at the Panama Canal, in Panama, on August 12, 2024. Next August 15 the Panama Canal celebrates its 110th inauguration anniversary. (Photo by ARNULFO FRANCO / AFP) (Photo by ARNULFO FRANCO/AFP via Getty Images)

Trump: All U.S. Commerce And Military Ships Should Pass Through Suez And Panama Canals ‘Free Of Charge’

President Donald Trump asserted on Saturday that American military and cargo ships should travel through the Panama Canal and Suez Canal for free.

Read More Trump: All U.S. Commerce And Military Ships Should Pass Through Suez And Panama Canals ‘Free Of Charge’

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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