Economic Indicators

The Commerce Department released its third estimate of U.S. gross domestic product for the first quarter and found the economy contracted at an annual rate of 0.5%.

The White House disputes the CBO's $2.8 trillion deficit projection for Republican tax package, claiming the analysis understates economic output and productivity growth.

Xbox managers expect substantial job cuts across the gaming division next week as Microsoft continues streamlining processes following its $69 billion Activision Blizzard acquisition.

Long-term unemployment hit a three-year high of 23.5% in April, showing a stagnant labor market in which companies are neither cutting nor expanding their workforces.

GasBuddy's Patrick De Haan spoke with Fox News Digital on gas prices and markets opened slightly higher, oil down.

The dollar fluctuated after U.S. strikes on Iran's nuclear facilities, with Fed Governor Bowman indicating possible rate cuts could be on the table at the central bank's next meeting.

Gas prices are expected to see modest increases despite Middle East tensions, as the oil market stabilizes following U.S. strikes on Iran nuclear facilities.

Oil market braces for price surge after U.S. attacks on Iranian nuclear facilities. Analysts predict disruptions to Middle Eastern oil infrastructure.

Artificial intelligence and cryptocurrency are driving U.S. electricity demand to record highs, with data centers leading the surge as renewable energy's share increases to 27% by 2026.

Federal Reserve data shows labor market decline affecting recent graduates, with unemployment at 5.8% for those aged 22-27 as AI potentially displaces entry-level positions

Mission Viejo, California approves Costco's first-ever standalone gas station with 40 pumps replacing a former a Bed, Bath and Beyond store.

The average rate on the 30-year fixed mortgage fell this week to 6.84%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.85%.

JPMorgan Chase CEO Jamie Dimon warned U.S. economic conditions could deteriorate soon, undermining a potential soft landing with employment declining and inflation rising slightly.

The Bureau of Labor Statistics reported that the consumer price index (CPI) increased in May, as inflation remained above the Federal Reserve's 2% target.

Disney parks generate $67 billion annually and support over 400,000 jobs across the U.S., as Disneyland celebrates its 70th anniversary.

The Labor Department reported that the U.S. economy added 139,000 jobs in May, as employers slowed the pace of hiring amid uncertainty over economic conditions and policies.

Layoffs increased by nearly 50% in May compared with last year, as DOGE was cited as the leading cause of 284,044 job cuts in 2025 so far, representing about 40% of cuts.

Aldi is slashing prices on over 400 products while Target introduces thousands of low-cost items as retailers try to attract shoppers who are pulling back.

The average rate on the 30-year fixed mortgage fell this week to 6.85%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.89%.

The ECB has now lowered borrowing costs eight times since last June, seeking to prop up a eurozone economy that was struggling before U.S. economic policies dealt it further blows.