The strange reason America's economy is shrinking
CNN
When you think about a shrinking economy, what comes to mind?
Factories shutting down. A wave of job losses and few open positions. Huge financial losses that batter most industries.
That's not what America is seeing right now, even though the country's gross domestic product has declined for two consecutive quarters, meeting one technical definition of a recession.
What is Corporate America so afraid of?
President Donald Trump wants to juice the economy with dramatically lower interest rates, to take credit for a booming stock market and, perhaps most of all, for his handpicked Fed chair to get off the stage.
Apple plans to use Google’s Gemini artificial intelligence model to power its updated version of Siri, which is set to launch later this year, the two companies announced Monday.
Investors took one look at the Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell and decided to resuscitate the “Sell America” trade, selling off US stocks, bonds and the dollar.
Wegmans, the supermarket chain known for its cult-like following, angered some loyalists after revealing it uses facial recognition technology at New York City stores.
Last January, Meta CEO Mark Zuckerberg said he was eager to have an ally in the White House to go after foreign regulations “pushing” American tech firms “to censor more” content.
Greenland’s untapped mineral wealth has landed the island at the top of President Donald Trump’s empire-building wish list.
Elon Musk’s Grok has been blocked by Indonesia and Malaysia, the first countries to do so after the AI tool’s “digital undressing” function flooded the internet with photos of women and minors in obscene manipulated images.
Federal prosecutors have opened a criminal investigation into the Federal Reserve’s $2.5 billion renovation of its headquarters in Washington, DC.
The United States attacked Venezuela and President Donald Trump is threatening to take Greenland “the hard way.” All the while, the US has an uncertain economic outlook and a weak jobs report.
President Donald Trump, like any politician whose polling is in the gutter, is desperate for a villain — any villain — to blame for America’s affordability woes. Enter Wall Street.
Venezuela is home to the world’s largest reported oil reserves. The country’s other commodities have also caught the Trump administration’s attention.
As President Donald Trump piled on new tariffs last year, many economists quickly warned that prices and unemployment would spike. With most of the 2025 economic results in, it’s looking like those forecasters get partial credit.