The Commerce Department released its second and final revision for fourth quarter GDP which found the…
Tag: Economy
Why the Strait of Hormuz matters as Trump issues fresh ultimatum to Iran
President Donald Trump gives Iran deadline to reopen Strait of Hormuz to all vessels or face…
US economy added 178,000 jobs in March, well above expectations
The Labor Department released the March jobs report on Friday which showed the economy added jobs…
Powell warns of new energy supply shock as gas prices surge: ‘No one knows how big it will be’
Federal Reserve Chair Jerome Powell warned of a new energy supply shock as oil tops $100…
Iran war unlikely to trigger global supply chain crisis, Goldman Sachs says
Goldman Sachs analysis finds the Iran war will boost oil prices, increase inflation and reduce global…
US economic growth revised lower in fourth quarter
The U.S. economy grew at a rate of 0.7% in the fourth quarter of 2025, according…
US economy shed 92,000 jobs in February, well below expectations
The U.S. economy shed jobs to start the year, and the Labor Department reported that employment…
Watch shipping through the Strait of Hormuz grind to a halt amid Iran conflict
Global shipping reportedly grinded to a halt at the Strait of Hormuz as an energy crisis…
Oil prices surge after strikes kill Iran’s supreme leader, tankers hit near Strait of Hormuz
Oil prices surged late Sunday with Brent crude briefly hitting $82.37, amid growing fears of Middle…
Dollar Tree makes an upscale play to fuel sales
Dollar Tree's expansion into wealthier ZIP codes reflects broader retail trend as inflation drives affluent consumers…
Netflix follows Warren Buffett’s playbook: Don’t overpay, walk away
Netflix quickly exits Warner Bros. Discovery bidding war, declining to match Paramount Skydance's offer after just…
Florida dominates nation’s luxury real estate market with Larry Page’s Miami estate topping December sales
Florida dominated America's priciest home sales in December thanks to Larry Page's Miami purchase, and six…
eBay cuts 800 jobs across company operations just days after dropping $1.2B on trendy Gen Z fashion app
While eBay might be trying to tailor itself to new customer demographics, the company announced it…
US economy grew slower than expected in fourth quarter
The U.S. economy grew at a rate of 1.4% in the fourth quarter of 2025, according…
Spirit Airlines to sell 20 jets, recalls furloughed flight attendants
Spirit Airlines will recall 500 flight attendants from furloughs while selling 20 Airbus aircraft to address…
Homebuyers refuse to back down as mortgage rates continue hovering stubbornly near 6% mark
America's housing market could be seeing "the gradual erosion of the lock-in effect," according to experts…
FedEx says it will return any tariff refunds to customers, shippers who paid them
FedEx said it will return any tariff refunds it receives to the shippers and customers who…
Mortgage rates fall below 6% for first time since 2022
The average rate on a 30-year fixed mortgage fell this week to 5.98%, according to the…
Trump admin ramps up effort to revive coal industry as power demand surges
The Trump administration is looking to extend the useful life of coal-fired power plants to boost…
Sydney Sweeney rings stock exchange opening bell alongside American Eagle CEO
Sydney Sweeney joined American Eagle executives including CEO Jay Schottenstein to ring the opening bell at…
Americans flee mortgage market despite lower rates as lenders tighten grip on credit nationwide
The housing market faces dual pressure as fewer Americans apply for mortgages while lenders reduce loan…
Jamie Dimon warns of pre-financial crisis parallels, says some people doing ‘dumb things’
JPMorgan CEO Jamie Dimon warned that current market conditions mirror 2008 financial crisis buildup, citing high…