U.S. Economy

Trump administration's energy policies are driving gas prices to five-year lows at $3.15 per gallon, down from $3.29 in 2024 and $3.77 in 2022.

Trump imposes 25% tariff on India imports over Russian oil purchases, pushing some duties to 50% as retaliation for New Delhi's discounted crude imports.

Johnson & Johnson announces a $2 billion North Carolina manufacturing expansion as part of a broader U.S. onshore biopharmaceutical initiative that will create new jobs.

Walmart increases discounts with more than 7,400 rollbacks and 30% more grocery discounts in the second quarter, driving 4.6% same-store sales growth amid economic uncertainty.

Housing affordability crisis deepens with maximum affordable home price falling to $298,000 while mortgage costs add $7,200 annually for buyers.

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.