President Trump is reportedly poised to suspend restrictions on a type of diesel fuel that is currently exempt from taxes in a move intended to deliver temporary pricing relief.
The euro fell to a 17-month low against the dollar on Monday as political and fiscal worries rattled European markets.
Why it matters: Rising borrowing costs and political instability are reviving concerns about strains within the eurozone — and whether the European Central Bank may eventually have to step in.
President Trump's economic officials acknowledge that a strong economy alone will not persuade Americans that they are better off under this president.
Why it matters: The administration is trying to avoid what it sees as a Biden-era mistake: touting strong economic data while Americans are still reeling from a historic run-up in prices to which Trump's policies have contributed.
For millions of children, the school day starts on a diesel-powered bus with a driver behind the wheel. Now, school districts are struggling to afford both.
Why it matters: The Iran War is sending diesel costs higher just as districts are grappling with a yearslong bus driver shortage — a double whammy that can ripple into missed breakfasts, late classes and fewer school activities.
September is historically a weaker-performing month for stocks, yet Charles Schwab's clients plowed into the market just the same, data from the brokerage giant shared exclusively with Axios shows.
Last month's buying activity was centered in large part on broader market exposure through exchange-traded funds, or ETFs, rather than in single stocks, Schwab says.
Why it matters: The data suggests that investors, while still bullish on stocks, have turned a bit more cautious, especially at a time of rising interest rates.
The yield on the 10-year note has gotten a lot of ink lately, but the yields on shorter-term government bonds have also been swinging.
Why it matters: Shorter-term U.S. government debt is heavily influenced by market expectations for what the Federal Reserve will do next on monetary policy.
France is dealing with a major debt crisis and social unrest ahead of its presidential election next year.
Why it matters: Worries are rising about contagion in Europe and beyond, and the situation is drawing comparisons with the sovereign debt crisis that rocked the European Union in the 2010s.
"Government bond yields in France are spiraling out of control. Contagion to the rest of high-debt Europe is unfolding rapidly," Brookings' Robin Brooks wrote recently.
BENTONVILLE, Ark. — Olivia Walton, who's leading a $100 million, bipartisan effort to cut the U.S. maternal mortality rate in half by 2031, tells me maternal health is a solvable problem, with state governments "in the driver's seat."
"We have the medicine," Walton, who's also chair of the Crystal Bridges Museum of American Art, told me last week on the sidelines of the annual Heartland Summit of the nonprofit Heartland Forward, which promotes economic development in America's geographic middle.
"We know what works. There are poorer and more rural countries around the world that are doing this better than we are. We also have pockets of what's working here in the United States."
