Inflation remained stubbornly high in August as Fed weighs rate cuts
The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision.
Beer demand weakens, Corona and Modelo seller says
Constellation Brands cuts fiscal year outlook as the importer of Corona and Modelo faces declining beer sales amid challenging economic conditions and weak consumer demand.
Fed's favored inflation gauge shows consumer price pressures remained elevated in July
The Commerce Department released the July PCE inflation report which showed the growth of consumer prices remained elevated as the Federal Reserve considers an interest rate cut.
US economy grew at a faster pace in Q2 following Commerce Department revision
The U.S. economy grew at a revised 3.3% rate in Q2 2025, exceeding initial estimates and economist predictions based on the Commerce Department's latest GDP data.
Rick Perry says Ken Paxton's energy lawsuit will hurt US coal companies
Texas AG Ken Paxton's suit claims three asset managers broke antitrust laws by using stock holdings to pressure coal firms to cut output, though divestment could curb production.
Despite economic headwinds, live sports spending is surging and higher than pre-pandemic levels
Consumer spending on live sporting events is up 25% compared to pre-pandemic levels and benefiting surrounding restaurants and bars, a Bank of America Institute report found.
Trump slams Goldman Sachs CEO over tariff predictions: 'Focus on being a DJ'
President Donald Trump criticized Goldman Sachs CEO David Solomon over a tariff report showing U.S. consumers ultimately bear the costs, telling him to focus on being a DJ instead.
Inflation cools slightly in July from prior month
The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.
Inflation report drops Tuesday as economists warn prices are going up
The July CPI inflation report will be released on Tuesday with economists expecting prices ticked higher as more tariffs took effect, complicating the Fed's rate cut outlook.
Bessent says market expects Fed to cut rates this year: 'substantial probability'
Treasury Secretary Scott Bessent said financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before year-end amid tariff concerns.
Fed official calls July jobs report 'concerning' as economy hits potential turning point
Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at a "turning point" as businesses face elevated uncertainty.
McDonald's new adult Happy Meal brings back nostalgic characters
McDonald's is bringing back its McDonaldland brand after 20 years with a new meal featuring a Mt. McDonaldland Shake and collectible tins starting Aug. 12.
Fed's favored inflation gauge shows consumer prices rose again in June
The Federal Reserve's preferred inflation gauge showed that prices increased slightly in June, as policymakers continue to monitor data for signs of tariff-induced inflation.
Zuckerberg wants to give everyone their own personal superintelligence through Meta's new vision
Meta CEO Mark Zuckerberg revealed plans for a personal AI superintelligence that will help individuals achieve goals and pursue creative endeavors over productivity tools.
Parent company of Charmin and Tide brands to raise prices on other products due to tariff pressure
P&G plans single-digit price hikes on about a quarter of its U.S. products as it looks to offset about $1 billion in cost increases stemming from higher tariffs.
Trump's tariff policies reshape online shopping habits, new report finds
A new report shows President Donald Trump's tariffs are affecting consumers' online shopping behavior, with 34% delaying purchases and 28% buying earlier to avoid costs.
New App Store Freedom Act could break Apple and Google's marketplace dominance
Rep. Kat Cammack's bill seeks to end anti-competitive practices in app stores, promoting innovation and giving users more control over pre-installed apps.
US consumer confidence rebounds in May after 5-month slide
Consumer confidence in the U.S. rose for the first time in five months amid optimism about trade deals and improving expectations about business conditions.
US consumer sentiment drops to near record low in May on inflation worries, tariff uncertainty
The University of Michigan's Consumer Sentiment Index fell again in May after economists expected a modest increase. Consumer sentiment is at its lowest level in nearly three years.
Inflation gauge favored by Fed showed price growth slowed in March
The Fed's preferred inflation gauge showed price growth slowed in March, as the personal consumption expenditures (PCE) index trended closer to the central bank's target.