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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.

The average rate on the 30-year fixed mortgage rose 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.

Over 300 economists urged President Donald Trump and GOP leaders in Congress to extend the 2017 tax cuts to prevent a $4 trillion tax hike, warning that failure would harm economic growth.

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

Amazon is investing $10 billion in North Carolina data centers in an effort to focus on the continued development of generative artificial intelligence.

The Congressional Budget Office estimates President Donald Trump’s tax cuts would add $2.4 trillion to the national debt and leave 10.9 million more people uninsured.

After ADP revealed a sharp drop in private sector job growth in May, President Donald Trump called on Fed Chair Jerome Powell to lower interest rates.

The figure reported on Wednesday is well below economists’ estimates of 110,000 jobs and also down from the prior month’s revised reading of 60,000 jobs.

The U.S. faces job losses as outdated labor policies clash with aggressive tariff use, highlighting the need for reform to sustain manufacturing growth.