U.S. Economy

Housing affordability crisis deepens as Treasury Secretary Bessent announces plans to address mortgage rates through potential sale of government stake in Fannie Mae and Freddie Mac

The iconic film company Kodak has been failing to capitalize on digital photography technology it invented in 1975, leading to bankruptcy and ongoing struggles.

Kodak warned in a Securities and Exchange Commission filing that it faces serious financial concerns, citing substantial doubt about continuing operations.

Applebee's and IHOP combined restaurants feature streamlined 105-item menus and cross-trained staff, creating a more efficient and profitable business model.

A sprawling 11,000-square-foot California coastal retreat with six bedrooms and ocean views used a Dutch auction pricing strategy in the La Jolla market.

During an Oval Office meeting, pro-Trump economist Steve Moore said the president made the right call to fire the head of Bureau of Labor Statistics given faulty jobs projections.

Major banks including Citi, JPMorgan Chase and UBS expand premium services and credit cards to attract wealthy clients with specialized offerings.

Record home prices and elevated mortgage rates keep first-time buyers out of the market, with sales declining in most regions as experts cite years of housing undersupply.

Trump says he could decrease drug prices by up to 1,000%, suggesting that he might use trade leverage to compel action.

The construction industry needs to attract 439,000 new workers in 2025 and 499,000 in 2026 as Mike Rowe warns of implications from the skilled labor shortage.

The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.

Atlanta Federal Reserve President Raphael Bostic warned that effects of President Donald Trump's tariffs could cause prolonged inflation rather than a one-time price spike.

Billionaire Ray Dalio warned of economic consequences of Congress passing Trump's spending bill, including possible spending cuts, major tax increases and money printing.

Travel on the July 4th holiday weekend is expected to hit a record with 72.2 million Americans journeying at least 50 miles from home, according to AAA.

How the CBO gets to these figures is at the center of a long-running debate in Washington, because these estimates often become the tip of the spear in partisan warfare.

Amazon Prime members can save money fueling up their cars over the Fourth of July holiday weekend as part of an early deal ahead of the e-commerce giant’s upcoming Prime Day.

President Trump’s 90-day pause on tariffs could be ending early this month. For truckers at Southern California’s ports, that could mean even more economic uncertainty.

The UAE and U.S. are the countries projected to lead in attracting millionaire migrants this year, while the U.K., China and India face the largest net outflows.

National average gas prices reached a four-year low, with analysts projecting stability through the Independence Day holiday despite tensions in the Middle East.

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