US economy
60 stories related to this topic, newest first.
dailywire.comU.S. Housing Market Enters Fourth Year of Slow Sales
Existing-home sales remain near multi-decade lows as elevated mortgage rates continue to limit transactions. Real-estate agents report mounting financial pressure after three years of subdued volume.
cutthecrapinvesting.comU.S. Stocks Close at Record Highs for Third Straight Session
Major U.S. equity indexes posted record closes on three consecutive trading days for the first time in 2026. The streak marks the first such occurrence this year.
Los Angeles TimesKevin Warsh Sworn In as Federal Reserve Chair at White House Ceremony
President Trump hosted the swearing-in of Kevin Warsh as the new Federal Reserve chair on Friday. Warsh pledged to lead a reform-oriented central bank focused on price stability and maximum employment.
thesouthafrican.comPresident Trump Meets Fortune Editor for Oval Office Discussion
President Trump spoke with Fortune Editor-in-Chief for one hour in the Oval Office. The conversation covered tariffs, AI, Intel, Boeing, and Iran. The president also described plans for the Lincoln Memorial Reflecting Pool.
marketwatch.com30-Year Treasury Yields Rise to Highest Levels Since 2008
Yields on 30-year U.S. Treasury bonds have climbed to levels last seen during the 2008 financial crisis. Economist Chris Martenson stated that global oil supply has declined by 13 million barrels per day.
rte.ieU.S. Retail Sales Remain Resilient Despite Higher Inflation and Gas Prices
Consumer spending continues to support the U.S. economy even as inflation reached 3.8 percent in April and households face higher fuel costs. Retailers including Walmart reported strong sales growth while polls show many Americans feel financial stress.
usethebitcoin.comTrump to Swear In Kevin Warsh as Federal Reserve Chair at White House
President Trump will swear in Kevin Warsh as the next Federal Reserve chair during a White House ceremony on Friday. The move ends a confirmation process that began in summer 2025 and concludes with Warsh succeeding Jerome Powell.
citizen.co.zaU.S. president approval rating reaches 37 percent in latest poll
A national poll shows the sitting U.S. president's approval rating at 37 percent. The survey was released on Monday amid ongoing conflict and economic pressures.
thehindu.comU.S. Trade Representative Discusses China Trade Boards and Tariff Options
U.S. Trade Representative Jamieson Greer said the United States and China agreed to create a Board of Trade and a Board of Investment. Greer also addressed gas prices, tariff flexibility, and upcoming trade investigations.
america.cgtn.comPoll shows U.S. economic views at lowest levels since 2023
A CBS News/YouGov survey of 2,064 adults conducted May 13-15 found three-quarters of Americans say incomes are not keeping up with inflation. Most describe the economy as uncertain and expect a recession or slowdown.
Financial TimesThe Federal Reserve Names Jerome Powell Chair Pro Tempore Until Kevin Warsh Is Sworn In
The Federal Reserve named Jerome Powell as chair pro tempore after he stepped down following eight years leading the central bank. Kevin Warsh, confirmed by the Senate this week for a four-year term, is expected to be sworn in as early as next week. Some Trump administration nomi…
BenzingaDow Jones Falls 500 Points as NY Manufacturing Index Rises in May
U.S. stocks declined in morning trading on Friday with the Dow Jones falling about 500 points. The New York manufacturing index rose to 19.6 in May from 11 the prior month, exceeding forecasts of 7.5. Energy shares rose while information technology shares declined.
upi.comJerome Powell Steps Down as Fed Chair After Eight Years
Federal Reserve Chair Jerome Powell's term ends on May 16, 2026, after facing a global pandemic, high inflation and a federal criminal investigation. President Donald Trump's nominee Kevin Warsh is set to assume the role. Powell will remain on the Fed's board of governors until a…
upi.comJerome Powell Ends Term as Federal Reserve Chair on May 15
Jerome Powell's four-year term as chair of the Federal Reserve ends on May 15. He will be succeeded by Kevin Warsh, a Trump appointee who previously served on the Fed board from 2006 to 2011. Powell, first appointed chair by President Trump in 2018, will remain on the board as a…
upi.comUS 30-Year Fixed Mortgage Rate Averages 6.36 Percent
The average rate on the 30-year fixed mortgage declined to 6.36 percent in the week ended May 14 from 6.37 percent the prior week. Freddie Mac reported the figure on Thursday. Mortgage rates have fluctuated in a narrow range in recent weeks after earlier volatility tied to econom…
MarketWatchU.S. Retail Sales Rise for Third Straight Month in April
Retail sales increased in April, extending a streak of three consecutive monthly gains. Higher gasoline prices contributed significantly to the rise in overall sales figures. MarketWatch reported that the gains were partly driven by inflation effects rather than increased volume…
finance.yahoo.comWall Street Opens Higher as Technology Stocks Advance
Major U.S. stock indexes opened higher on Thursday with technology shares leading gains. The Dow Jones Industrial Average rose above the 50,000 level during trading. The advance occurred as investors monitored developments around a planned summit between U.S. and Chinese official…
BenzingaUS Stocks Rise as Dow Gains Over 250 Points on Retail Sales Data
U.S. stocks opened higher Thursday with the Dow Jones Industrial Average rising more than 250 points. Retail sales increased 0.5% in April while information technology shares led sector gains. Several small-cap stocks posted triple-digit percentage gains following company-specifi…
upi.comU.S. Stock Indexes Rise at Market Open
The S&P 500 rose 20.43 points, or 0.27 percent, to 7,464.68 shortly after the opening bell. The Dow Jones Industrial Average gained 373.47 points, or 0.75 percent, to 50,066.67. The Nasdaq Composite advanced 40.44 points, or 0.15 percent, to 26,442.79.
rte.ieU.S. Treasury Auctions $25bn in Bonds Same Day as May Producer Price Data
The producer price index recorded its largest increase since Russia's invasion of Ukraine, data released on May 14, 2026 showed. The figures emerged hours before the U.S. Treasury conducted a $25 billion auction the same day. Financial Times reported the sequence of events.
foxbusiness.comKevin Warsh Confirmed as Federal Reserve Chair; Stephen Miran Resigns
The Senate confirmed Kevin Warsh as the next chair of the Federal Reserve on a 54-45 party-line vote. Federal Reserve Governor Stephen Miran announced he will resign once Warsh is sworn in or shortly before. Warsh takes over as inflation rises due to higher oil prices following t…
Financial TimesSenate Confirms Kevin Warsh as Federal Reserve Chair in 54-45 Vote
The Senate voted 54-45 on Wednesday to confirm Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell whose term ends Friday. Only one Democrat, Sen. John Fetterman of Pennsylvania, crossed party lines. Warsh, a former Fed governor and close ally of Ben Bernanke d…
theepochtimes.comU.S. Producer Prices Rose 1.4% in April
U.S. producer prices increased 1.4% in April on a monthly basis, well above the 0.5% expected by economists. The annual rate accelerated to 6.0%, while core PPI also exceeded forecasts. The data comes amid broader concerns about inflation trends.
rt.comPentagon Estimates War With Iran Has Cost $29 Billion
The Pentagon has estimated that the war with Iran has cost $29 billion to date. The assessment comes as inflation and gas prices are increasing in the United States. The estimate was included in a segment of the news program What You Need to Know.
Nbc NewsSaudi Arabia Conducts Airstrikes on Iran
Saudi Arabian Air Force carried out tit-for-tat strikes on Iran in response to Iranian attacks on Saudi oil, civilian and military sites in late March, Reuters reported citing Iranian and Western officials. The strikes occurred during the war and follow similar retaliatory action…
naturalnews.comPentagon Says Iran War Costs Have Risen To $29 Billion
The Defense Department told Congress the conflict with Iran has cost $29 billion so far, an increase of $4 billion from the previous estimate two weeks earlier. Officials attributed the rise to updated equipment repair, replacement and operational expenses.
kff.orgU.S. Posts $215 Billion Federal Budget Deficit in Latest Monthly Report
The U.S. federal budget recorded a $215.0 billion balance, coming in slightly better than the $220 billion forecast but reversing from the prior month's deficit. The improvement reflects a shift from the previous balance of -$164.0 billion.
reason.comU.S. Inflation Rises to 3.8 Percent in April, Highest in Three Years
Consumer prices increased 0.6 percent in April and are up 3.8 percent over the past year, the Bureau of Labor Statistics reported. Energy prices drove much of the rise after the closure of the Strait of Hormuz in March due to the war between the United States and Iran. Average wa…
swissinfo.chU.S. Inflation Rose in April Above Economists' Forecasts
A new report released Tuesday showed inflation increased in April, exceeding expectations. CNN News Central's Sara Sidner and Senior Reporter Matt Egan reviewed the data and its effects on consumers. The figures come as President Trump serves his second term in office.
marketpulse.comUS CPI Inflation Rises to 3.8 Percent in April 2026
The U.S. Consumer Price Index increased 3.8 percent in the 12 months through April 2026, up from 3.3 percent in March. The data show inflation accelerated in the first four months of 2026 after holding near 2.4 percent earlier in the year. The figures come from the latest monthly…
SemaforSenate Advances Kevin Warsh Nomination for Federal Reserve Chair
The Senate voted 49-44 on Monday night to advance Kevin Warsh's nomination to the Federal Reserve Board of Governors, clearing a key procedural step toward his expected confirmation as chair later this week. Democratic Sens. John Fetterman and Chris Coons joined Republicans in su…
en.globes.co.ilCompany Lays Off 500 to 600 Technology Workers Globally
The company has cut between 500 and 600 information technology positions worldwide as part of a cost reduction and restructuring effort. The reductions have a significant impact in Austin, Texas, and Michigan. The move was reported by CNBC on Monday.
finance.yahoo.comUS Employers Added 115000 Jobs in April; Unemployment Rate Holds at 4.3%
The labor market showed unexpected strength in April with job gains more than double economists' forecasts despite ongoing uncertainty from the US-Israel war with Iran. Private payrolls also rose by 109000 according to ADP. The data reduces pressure on the Federal Reserve to cut…
marketwatch.comExisting-Home Sales Rose 0.2% in April
Existing-home sales increased 0.2% in April from the prior month to a seasonally adjusted annual rate of 4.04 million, the National Association of Realtors reported. The gain fell short of economists' forecasts and left sales near the low levels that have persisted for more than…
BBC NewsUS Economy Adds 115,000 Jobs in April; 3-Month Average Falls to 48,000
The Labor Department reported stronger-than-expected hiring in April despite economic uncertainty from the closure of the Strait of Hormuz and rising gasoline prices after US and Israeli strikes on Iran. Revisions to prior months left average job growth at 48,000 over the three-m…
S&P 500 and Nasdaq Close at Record Highs While ASX Set to Open Lower
Wall Street's S&P 500 rose 0.8 percent and the Nasdaq climbed 2.4 percent to new highs on Friday, supported by stronger-than-expected U.S. jobs data and corporate earnings. ASX 200 futures pointed to a 0.5 percent decline at the open. Oil prices rose on renewed fighting in the St…
foxnews.comU.S. Consumer Sentiment Index Falls to Record Low of 48.2 in May
The University of Michigan Consumer Sentiment Index declined 1.7 points in May to 48.2, the lowest reading on record. Current economic conditions fell 4.7 points to 47.8, also a record low. The index now stands 13 percent below its low during the 2008 financial crisis.
rte.ieUS Adds 115,000 Jobs in April With Unemployment at 4.3%
The Labor Department reported that the United States added 115,000 jobs in April while the unemployment rate held steady at 4.3%. Job growth has accelerated since the start of the year compared with all of 2025. Officials described the economy as resilient despite policy uncertai…
CoinDeskU.S. Economy Added 115,000 Jobs in April, Below Historical Norms
April nonfarm payroll gains nearly doubled expectations while the unemployment rate held at 4.3 percent. The data reinforced the Federal Reserve's decision to keep its benchmark rate unchanged last week as officials shift focus toward persistent inflation above the 2 percent targ…
The GuardianU.S. Employers Add 115,000 Jobs in April; Unemployment Rate Holds at 4.3%
The Labor Department reported nonfarm payrolls rose 115,000 in April, exceeding economists' forecast of 55,000 while the unemployment rate stayed at 4.3%. Job gains were led by healthcare, transportation, retail and social assistance even as the information sector lost jobs and t…
BBC NewsUS Economy Adds 115000 Jobs in April
The US added 115,000 jobs in April, nearly double economists' forecasts, while the unemployment rate held steady at 4.3%. The data comes amid rising gasoline prices and uncertainty from the closure of the Strait of Hormuz following US and Israeli strikes on Iran. Officials descri…
ForbesU.S. Consumer Sentiment Index Falls to 48.2 in May
The University of Michigan’s consumer sentiment index dropped to 48.2 in May from 49.8 in April, according to data released on May 08, 2026. The survey found Americans remain pessimistic about the economy amid rising costs linked to the Iran war, including higher gas prices. The…
swissinfo.chUS Consumer Sentiment at 48.2 in May as Inflation Expectations Ease Slightly
The University of Michigan survey showed consumer sentiment declining to 48.2 in May from 49.8 in April, missing expectations of 49.5. The current conditions index dropped sharply while the expectations index rose slightly. One-year and five-year inflation expectations both eased…
Los Angeles TimesU.S. Employers Add 115,000 Jobs in April
The Labor Department reported that the U.S. economy added 115,000 jobs in April, exceeding forecasts of 65,000. The unemployment rate held steady at 4.3 percent even as the Iran war disrupted global oil supplies and pushed gasoline prices above $4.50 a gallon. Healthcare, retail…
jpost.comUS Global Tariffs Ruled Unlawful by Federal Court
A federal court has ruled that broad U.S. tariffs imposed on imports from multiple countries are unlawful. The decision comes as President Trump continues to use tariffs as a central element of trade policy. Markets showed limited reaction, with traders indicating they expect the…
realitytea.comUS Employers Add 115,000 Jobs in April
The Bureau of Labor Statistics reported a surprise gain in April 2026 employment that beat economists' forecasts of 55,000 new jobs. The unemployment rate remained steady at 4.3%. Private payroll data from ADP showed even stronger hiring, while federal government employment conti…
US Adds 115,000 Jobs in April; Unemployment Rises to 4.3%
Employers added 115000 jobs in April, exceeding economists' projections of roughly 55000 to 67000. The unemployment rate remained steady at 4.3 percent even as the conflict involving the US and Israel in Iran has driven up energy prices and economic uncertainty. President Trump h…
New York PostU.S. GDP Grew 2% in Q1 2026, Rebounding From Prior Quarter
America's economy rebounded sharply in the first quarter with 2% growth, driven by federal spending, business investment in artificial intelligence and consumer activity. The expansion exceeded the G7 average of 1.1% and dwarfed results from major European partners still grapplin…
ABC NewsMichigan Special Election Result Raises Questions for Republicans in 2026
A Democrat won a Michigan state Senate special election by nearly 20 points in a district that was nearly even in the 2024 presidential race. Michigan Republicans face contests for governor, state Legislature and U.S. Senate in 2026 amid voter concerns over gas prices, the war in…
rediff.comMarkets React to Reports of Outline Deal to End Iran Conflict
Financial markets moved Wednesday on reports of an outline agreement aimed at ending the Iran war. FT columnist Rana Foroohar discussed voter expectations for President Trump and the market effects tied to the conflict. The segment examined links between gasoline prices, oil mark…
ibtimes.co.ukUS Private Payrolls Rose 109,000 in April
ADP Research reported private-sector job gains of 109,000 for April, exceeding the Dow Jones consensus of 84,000 but falling short of the Bloomberg median estimate of 120,000. Education and health services led hiring while professional and business services shed jobs. The data co…
upi.comSouth Korea's Kospi Rises 7% to Record High; Samsung Shares Gain 13%
South Korea's stock market surged to a fresh record on Wednesday, driven by gains in AI chipmakers like Samsung Electronics and SK Hynix. The rally followed news of Iranian officials heading to China ahead of a U.S.-China summit and a ceasefire in the U.S.-Iran conflict. Other As…
thehindu.comU.S. Gold Exports Surpass Oil and Aircraft as Top Category for Five Months Through April 2026
Gold has overtaken other commodities as the leading U.S. export for the past five months as of May 2026. In March, its value exceeded oil exports by 1.7 times, pharmaceuticals by twice, and aircraft engines by 2.5 times. Most shipments route through Switzerland before reaching Ch…
Nbc NewsSpirit Airlines Files for Bankruptcy After Ceasing Operations, Citing Fuel Cost Increases
Spirit Airlines ceased operations immediately on Saturday, stranding thousands of passengers and employees. A bankruptcy hearing on Tuesday revealed the shutdown stemmed from soaring fuel costs due to the U.S.-Israel war with Iran. The airline apologized to the public and warned…
michaelwest.com.auOil Prices Rise to $116.55 per Barrel Amid Supply and Demand Pressures
Oil prices have climbed to $116.55 per barrel, up significantly from last year, driven by supply and demand dynamics. Factors like geopolitics and policy changes influence these fluctuations, impacting gas prices and the broader economy. The U.S. maintains a Strategic Petroleum R…
BBC NewsSpirit Airlines Shuts Down Operations
Budget carrier Spirit Airlines announced an immediate shutdown after failing to secure a $500 million federal bailout amid rising fuel costs from the US-Israel war in Iran. The collapse stranded passengers and prompted other airlines to offer rescue fares. Transportation official…
onemileatatime.comDelta Air Lines to Limit Food and Beverage Service to Flights Over 350 Miles Starting May 19
Delta Air Lines will remove food and beverage service from about 450 daily flights starting May 19, affecting routes of 349 miles or less. Full service will continue for longer flights in certain cabins and all Delta First customers. The change aligns Delta with other major U.S.…
dnaindia.comUS Leading-to-Coincident Indicator Ratio Falls to 0.84, Matching 2008 Low
The ratio of U.S. leading to coincident economic indicators has dropped to 0.84, a level last seen during the 2008 financial crisis. This follows a 0.6% monthly decline in the Leading Economic Index for March. The Conference Board reported the data, noting the ratio's fifth conse…
Washington ExaminerWhite House Considers Vetting AI Models Before Public Release
The Trump administration is discussing oversight for AI models prior to public availability, shifting from a noninterventionist stance. President Trump, at a White House small business summit, conceded AI's potential to disrupt jobs while creating new ones. He highlighted U.S. le…
finance.yahoo.comPalantir Customer Base Grows 31% Year-on-Year to Reach 615 in US Commercial Segment
Palantir reported significant growth in its customer account base, expanding 31% year-on-year and 6% sequentially. The U.S. commercial customer count hit 615, up 42% from the previous year and 8% from the prior quarter. The company anticipates rising expenses in 2026 while commit…