President Donald Trump defended his pledge to send $5,000 cash payouts to American adults, insisting the plan is easily manageable if Republicans retain Congress.

Iran has threatened to block all oil exports from the Persian Gulf in response to a sweeping new US economic offensive aimed at isolating Tehran.

The artificial-intelligence equity surge has lifted major stock indexes, but the financial windfall is flowing almost exclusively to America's wealthiest households.

US stocks advanced to record highs as an unexpected decline in July nonfarm payrolls lowered expectations for Federal Reserve interest rate hikes.

The United States labor market suffered an unexpected setback in July as nonfarm payrolls dropped by 23,000 and previous months saw severe downward revisions.

New York Fed President John Williams states that the U.S. economy shows resilience with steady GDP growth. He projects inflation will begin to moderate as the Federal Reserve works toward its 2 percent target.

While national inflation rates have retreated, persistent economic pressures continue to challenge household stability across various US regions. This disparity in living costs is forcing families to adjust their long-term financial expectations.

President Trump is drawing sharp criticism from Democratic leaders after dismissing concerns over rising consumer prices, which reached their highest level in three years.

President Donald Trump is facing political criticism after stating he loves the latest inflation figures. The remarks have become a focal point for Democrats ahead of the midterm elections.