Retail

The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress.

The average rate on the 30-year fixed mortgage fell this week to 6.5%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.56%.

Gold hit a record $3,578 per ounce before declining Thursday, driven by weak jobs data and investor concerns about tariffs and Federal Reserve policy changes.

The figure reported on Thursday is below economists’ estimates of an increase of 65,000 jobs and also down from the prior month’s revised reading of 106,000 jobs.

New York City mayoral candidate Zohran Mamdani's $30 minimum wage plan could lead to employers replacing lower-skilled workers with automated tools like self-serve kiosks.

Salesforce CEO Marc Benioff said AI automation helped the software company cut its customer support headcount from 9,000 to 5,000 human workers.

McDonald’s CEO Chris Kempczinski warned of a "two-tier economy" as the company reintroduced its Extra Value Meals to draw budget-conscious customers.

President Donald Trump's "no tax on tips" policy covers eight industry categories, including food service, entertainment, hospitality and personal services under the One Big Beautiful Bill Act.

Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this year to address high housing prices and limited inventory.