Retail

British Chancellor of the Exchequer Rachel Reeves is in the U.S. for trade talks and told FOX Business she sees an opportunity to deepen economic ties between Britain and America.

According to the American Sheep Industry Association, some farmers are seeing drops in wool prices — if they can sell their product at all.

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.

The average rate on the 30-year fixed mortgage fell this week to 6.81%, according to the latest Freddie Mac data released on Thursday. That's up from last week's reading of 6.83%.

Home sales dropped 5.9% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said on Thursday morning.

California's GDP now exceeds that of Japan, making it the fourth-largest economy in the world, according to the International Monetary Fund.

A Texas private equity firm known as American Energy Fund announced the expansion of its asset-backed investment offerings for U.S.-based oil and gas development projects.

The Federal Reserve's Beige Book found that businesses around the U.S. are seeing costs rise due to tariffs, which will largely be passed on to consumers through higher prices.

China led an informal U.N. Security Council meeting in which it accused the U.S. of using tariff policies to "bully" other countries. The U.S., in response, accused China of trying to manipulate the multilateral system.

Treasury Secretary Scott Bessent said that there's an opportunity to do a "big deal" with China to reduce tariffs if the Chinese government is willing to rebalance its economy.