Tag: economy
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Brown’s Shoe Fit has new location; owner optimistic despite tariff threat
Brown’s Shoe Fit has a new location, and owner Ryan Prickett is excited to begin selling shoes with a view. The shop, now located at 5691 N. Academy Blvd., has a sweeping view of Pikes Peak, Cheyenne Mountain and the foothills. At present, things are slower than he’d like, but Prickett hopes an advertising campaign…
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US stocks drop toward worst day since April after Trump threatens more tariffs on China
NEW YORK (AP) — A monthslong calm on Wall Street is shattering Friday, and U.S. stocks are falling after President Donald Trump threatened to crank tariffs much higher on China. The S&P 500 sank 2% and was heading toward its worst loss since April. The Dow Jones Industrial Average dropped 598 points, or 1.3%, after…
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Former Bureau of Labor Statistics leaders say Trump’s attacks erode trust in data
President Donald Trump’s attacks on the integrity of the U.S. Bureau of Labor Statistics were undermining trust in economic data and had accelerated retirements of key personnel at the agency, former BLS commissioners said on Wednesday. During a discussion at the libertarian Cato Institute, Erica Groshen and William Beach, who headed the agency under presidents…
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IMF chief warns of sustained economic uncertainty
WASHINGTON — The global economy is holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but the head of the International Monetary Fund says that resilience may not last. “Buckle up,” Managing Director Kristalina Georgieva said in a speech at a think tank Wednesday. “Uncertainty is the new normal and it is here to stay.” Her comments…
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Wall Street gets back to rising as gold keeps setting records
NEW YORK (AP) — U.S. stocks are getting back to rising on Wednesday, while the price of gold is pushing further past $4,000 per ounce. The S&P 500 climbed 0.5% a day after breaking its seven-day winning streak, and it’s on track to top its all-time high set on Monday. The Dow Jones Industrial Average…
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Pikes Peak region schools taking steps to address workforce gaps
Colorado is grappling with an education importation problem that will become more acute as time goes on. Colorado has been the No. 1 net importer of young professionals among all 50 states, according to data gathered by Bill Craighead, the director of the University of Colorado Colorado Springs Economic Forum. Administrators at area high schools…
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Supreme Court lets Lisa Cook remain as a Federal Reserve governor for now
WASHINGTON (AP) — The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank. In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald…
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Gov. Jared Polis says Trump’s tariffs policy is disrupting Colorado’s exports, jobs
Kristi Burton-Brown: ‘If he wants to help businesses, he should stop increasing taxes on them and actually cut their taxes’
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5 risks to Colorado’s economy state officials are watching
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Fears of a recession are fading as the nation’s — and Colorado’s — economy continue to beat expectations. Looking forward into 2024, Colorado’s Office of State Planning and Budget (OSPB) forecasts national economic growth to be better than originally thought based on strong consumer spending at the end of 2023. The economy is expected to make a…
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Government jobs growth leads Colorado in 2023, report shows
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Unemployment in Colorado ticked up to 3.4% in January from 3.3% in December, according to a report released Monday by the Colorado Department of Labor and Employment. The state’s jobless rate increased slightly over 12 months from 3%, but has consistently stayed below the national…