Economy
Image
As Trump threatens more action against Iran, Dow drops and oil prices rise
As hostilities between the U.S. and Iran resumed on Tuesday and Wednesday, oil prices are again over $90 per barrel.
Image
Annual inflation was 4.2% in May: Labor Department
May's inflation rate was 0.5% higher than April's
Image
U.S. airline fuel expenses up 78% in April despite using less fuel than last year
Airlines spent nearly $6.5 billion on 1.573 billion gallons of fuel in April, compared with $3.6 billion on 1.575 billion gallons in April 2025.
Image
Blockades of Strait of Hormuz push U.S. exports up in April as trade deficit shrinks
The combined increases in exports and imports resulted in the trade deficit shrinking to $55.9 billion, a dip of 1.2% over the previous month.
Image
US economy added 172K jobs in May, far exceeding Wall Street expectations
The unemployment rate for May remained at 4.3%.
Image
SpaceX plans to raise $75 billion in its IPO, which could make Elon Musk world's first trillionaire
A $1.77 trillion valuation of SpaceX would boost Musk's worth to an estimated $1.05 trillion.
Image
Trump administration invokes human rights in latest bid to restore ‘Liberation Day’ tariffs
The U.S. Trade Representative is proposing a new baseline 10% tariff on U.S. trading partners who are not doing enough to combat the importation of goods made using forced labor.
Image
U.S. chief executives express declining optimism in U.S. economy, survey shows
Almost a third — 31% — said they expect to reduce their workforce, up from 27% in the first quarter. Of those surveyed, 40% expect no changes.
Image
Jobs report to test how long consumers can keep carrying economy
Consumer spending is the largest part of the U.S. economy.
Image
Consumer Prices hit the highest level in last three years, amid Iran War tensions
Consumer prices are highest in the last three years, straining American finances
Image
Inflation rises at fastest pace since May 2023, Commerce Department data shows
The Personal Consumption Expenditures index rose 3.8% from the same time last year, the fastest annual rate since May 2023.
Image
Consumer confidence edged downward, but outlook for income, business and labor gained: report
The index is a key economic indicator measuring the level of confidence consumers feel about the overall economy and their own personal financial situations.
Image
Home Depot sales rise 5%, defying high gas prices and falling consumer confidence
Richard McPhail, Home Depot CFO, said that homeowners are, up to a point, insulted from the impacts of the current economy.