Economy
China’s parliament opens with confidence about the economy despite tariffs, headwinds
China will aim for economic growth of around 5% this year, the same as last year. This comes despite deep domestic challenges and fresh tariffs on Chinese imports to the U.S.
American businesses reel as Trump tariffs start to bite
Business owners across the U.S. worry they will also suffer the impact from President Trump's tariffs on imports from Mexico, Canada and China.
Canada, China say fentanyl crisis is only a “pretext” for Trump’s new tariffs
Canadian and Chinese officials say they were already helping reduce fentanyl smuggling. Prime Minister Justin Trudeau said fentanyl crossing the northern border is "near zero."
4 things to know about Trump’s plan for a ‘crypto strategic reserve’
The prospect of a federal strategic reserve is a major step in President Trump's vision to establish the U.S. as the crypto capital of the world and could be a game changer for the industry.
Trump says 25% tariffs on imports from Canada and Mexico will go ahead
Trump's threats to put tariffs on imports from Canada and Mexico have weighed on markets, even though there has been considerable uncertainty over whether he would make good on his threat.
Under Trump, Huntsville might finally gain Space Command. It could also lose much more
The 1,600 jobs Space Command would bring to the Rocket City might not make up for potential cuts to NASA and the Department of Defense.
Consumer confidence falls the most since 2021 over fears about inflation and tariffs
A report from the Conference Board shows Americans are increasingly worried about inflation, driven in part by President Trump's threats to impose new tariffs on imports.
From tariffs to spending, rounding up the Trump administration’s econ-related actions
Since taking office in late January, the Trump administration has been working at a galloping pace to reshape the government and economy. We have been doing our best to keep up and keep you informed.
IRS cuts over 6,000 jobs in the middle of tax season
The IRS is cutting more than 6,000 jobs this week, as part of the Trump administration's downsizing of the overall federal workforce. The job cuts at the IRS come in the middle of the tax-filing season.
Deep cuts to NIH funding would cause economic harm across Trump-friendly Alabama
Birmingham has become one of the country’s leading hubs for biomedical research. Banners downtown brag about the University of Alabama at Birmingham’s status in the top 1% of institutions for NIH funding, bringing in hundreds of millions of dollars into the region.
Trump threatens reciprocal tariffs against other countries
President Trump is threatening to levy taxes on imports to match those other countries charge on U.S. exports.
Retailers including Trader Joe’s and Kroger have begun limiting egg purchases
Egg farmers have been plagued by widespread outbreaks of bird flu. Experts say it's hard to predict when the industry will bounce back from the illness' effects.
No relief: Inflation unexpectedly heated up last month
Inflation remained stubbornly high in January, as grocery, gasoline and shelter costs all rose. Egg prices saw their biggest price hike in almost a decade.
Federal Reserve’s Jerome Powell says there’s no need to rush on interest rate cuts
Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.
Tourism in New Orleans remains strong despite terrorist attack. Will the trend last?
The Super Bowl is in town, and so far, fears that visitors would avoid the big game because of January’s attack on Bourbon Street have not rang true.
Why economists got free trade with China so wrong
The "China Shock" is revisited, and it raises questions about why economists failed to see the costs of free trade.
Trump says he will impose a 25% tariff on aluminum and steel imports
Additionally, he plans to announce reciprocal tariffs on "everyone" on Tuesday or Wednesday: "If they charge us, we charge them. That's all," he said. "Every country will be reciprocal."
Chinese counter-tariffs to kick in as Trump threatens more to come
The tariffs from China range from 10% to 15% and are applied to crude oil, liquefied natural gas, farm machinery and select other products from the U.S.
Employers added fewer jobs in January — but the labor market overall remains healthy
U.S. employers added 143,000 jobs in January — a modest slowdown from the two previous months. The unemployment rate dipped to 4%.
One-day strikes are in: Why unions are keeping it short on the picket line
Strikes can be a double-edged sword. Keeping them short can help workers gain leverage while minimizing the pain for those who don’t have it.
Here are 3 questions to ask before panic buying during a supply chain breakdown
The dock worker strike in October led to some shoppers panic buying the wrong items. Here are tips for how to prep the right way, according to experts.
It’s Peanut Butter Jelly Time in McCalla: Smuckers opens biggest Uncrustables factory in the country
The facility represents a more than $1 billion capital investment from Smuckers and is predicted to bring in 750 jobs to the community.
Amazon workers in Alabama will have third labor union vote after judge finds illegal influence
Administrative law judge Michael Silverstein on Tuesday ordered the third vote for Amazon warehouse workers in Bessemer, Alabama after determining that Amazon committed six violations leading up to the second election in March 2022.
‘Five Points South is so much more than that’: residents reflect one month after mass shooting
How is the neighborhood holding up in the weeks since a mass shooting left four people dead and 17 wounded.
1 reason people don’t evacuate for hurricanes? Rising costs, and they’re getting pricier
One researcher estimates evacuations can cost residents more than five times the amount they did 20 years ago.
Lilly Ledbetter, an icon of the fight for equal pay, has died at 86
Ledbetter had worked a Goodyear Tire & Rubber plant in Gadsden, Alabama, for 19 years when she received an anonymous note saying she was being paid significantly less than three male colleagues.
Alabama’s construction industry is in dire need of workers. Here’s how companies are responding
Nationally and in Alabama, a construction-workforce shortage has stretched for decades. Now, as increased demand after the pandemic shows no signs of slowing and as billions of dollars in federal funding for infrastructure and manufacturing projects flows to states, the problem is growing.
How Alabama food banks are keeping rural communities fed
As the November election approaches, food insecurity is one issue that’s top of mind for residents in Alabama’s newly redrawn District 2.
‘A dream come true’: Alabama ‘grandfamilies’ are set to receive opioid settlement funds
The new state program— the first of its kind in the U.S. — will give $280,000 from opioid settlement funding to grandparents raising their grandchildren.
A plan to fix Jackson’s water system could cost all of Mississippi its food stamps
The DOJ and USDA said using a SNAP recipient’s information to distribute JXN Water’s roughly $30 discount to low-income customers would violate privacy.
Q&A: A New Orleans Dollar General employee discusses $12M settlement, store closures, more
Dollar General stocker and advocate David Williams hopes the complaint and settlement will lead to positive changes for employees.
Nissan workers in Mississippi consider another union campaign: VW ‘proved it can be done’
Pro-union workers at the Canton, Mississippi, plant say Volkswagen proved the UAW can win in the South, but other factors are in play — like the 2024 election.
