Economy
Follow the latest Economy news, videos, and analysis from ABC News.
May 4, 2024 at 1:49 AM

By The Numbers: Peloton

A look at the numbers behind the amount of competition facing the fitness equipment industry as Peloton and other companies continue to suffer financial loss.
May 4, 2024 at 1:49 AM
By The Numbers: Peloton
May 3, 2024 at 6:30 PM

Number of Americans applying for jobless claims remains historically low

The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation
May 3, 2024 at 6:30 PM
A hiring sign is displayed at a retail store in Chicago, Monday, March 11, 2024. On Thursday, May 2, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week.(AP Photo/Nam Y. Huh)
May 3, 2024 at 6:29 PM

Voters don't like Biden's economy — but why?

Voters aren't happy with Biden's handling of the economy, but can't really explain why.
May 3, 2024 at 6:29 PM
President Joe Biden applauds at the conclusion of the White House Correspondents' Association Dinner, April 27, 2024, in Washington. D.C.
May 3, 2024 at 4:35 PM

April jobs report misses expectations, signaling a possible slowdown

U.S. employers added 175,000 jobs in April.
May 3, 2024 at 4:35 PM
In this undated stock photo, two construction workers are seen climbing a metal frame.
May 2, 2024 at 8:50 PM

What you need to know about the federal interest rate decision

ABC News business reporter Alexis Christoforous breaks down the Federal Reserve’s decision on interest rates, and what it means for you and your wallet.
May 2, 2024 at 8:50 PM
VIDEO: What you need to know about the federal interest rate decision
May 2, 2024 at 7:28 PM

Interest rates could be high for much longer. Here's what it means for you

The Fed held interest rates steady at a meeting this week.
May 2, 2024 at 7:28 PM
May 1, 2024 at 7:55 PM

Fed holds interest rates steady at highest level since 2001

The U.S. economy has faced a months-long stretch of stubborn inflation.
May 1, 2024 at 7:55 PM
Federal Reserve Chair Jerome Powell participates in a Washington Forum on the Canadian Economy, together with Tiff Macklem, Governor of the Bank of Canada, on April 16, 2025, in Washington, D.C.
May 1, 2024 at 7:47 PM

Federal Reserve leaves interest rates unchanged

ABC News business reporter Alexis Christoforous breaks down what this means for the economy.
May 1, 2024 at 7:47 PM
VIDEO: Federal Reserve leaves interest rates unchanged
May 1, 2024 at 4:16 PM

McDonald’s and Starbucks report lower sales

ABC News business reporter Alexis Christoforous breaks down national business headlines.
May 1, 2024 at 4:16 PM
VIDEO: McDonald’s and Starbucks report lower sales
May 1, 2024 at 2:45 PM

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates
May 1, 2024 at 2:45 PM
Workers surround a manhole on a street in Park Ridge, Ill., Monday, April 29, 2024. On Wednesday, May 1, 2024, the Labor Department reports on job openings and labor turnover for March. (AP Photo/Nam Y. Huh)
April 30, 2024 at 3:26 PM

Walmart launches store-label food brand as it seeks to appeal to younger shoppers

Walmart is launching its biggest store-label food brand in 20 years in terms of the breadth of items
April 30, 2024 at 3:26 PM
FILE - A shopper loads her car after shopping at a Walmart in Pittsburgh, Thursday, Feb. 22, 2018. Walmart announced Tuesday, April 30, 2024, is closing its health centers and virtual care service, as the retail giant has struggled to find success with the offerings. AP Photo/Gene J. Puskar, File)
April 29, 2024 at 7:12 PM

Money Monday: Tips for buying a home

Podcast host and finance expert Nicole Lapin discusses ways to finance homes, whether you’re a first-time home buyer or looking to buy a new home.
April 29, 2024 at 7:12 PM
VIDEO: Money Monday: Tips for buying a home
April 29, 2024 at 12:22 PM

Affluent Americans are driving US economy and likely delaying need for Fed rate cuts

Older Americans are fueling a sustained boost to the U.S. economy
April 29, 2024 at 12:22 PM
FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. (AP Photo/Andrew Harnik, File)
April 27, 2024 at 2:38 AM

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York
April 27, 2024 at 2:38 AM
FILE - The Federal Deposit Insurance Corporation (FDIC) seal is shown outside its headquarters, March 14, 2023, in Washington. Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The FDIC said Friday, April 26, 2024, it had seized the Philadelphia-based bank, which had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. (AP Photo/Manuel Balce Ceneta, File)
April 26, 2024 at 8:25 PM

Mortgage rates soar over 7%

ABC News’ business correspondent Alexis Christoforous breaks down the current housing market.
April 26, 2024 at 8:25 PM
VIDEO: Mortgage rates soar over 7%
April 26, 2024 at 7:34 PM

Fed's preferred inflation gauge shows price pressures stayed elevated last month

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid
April 26, 2024 at 7:34 PM
A clearance sign is displayed at a retail clothing store in Downers Grove, Ill., Monday, April 1, 2024. On Friday, April 26, 2024, the Commerce Department issues its March report on consumer spending. (AP Photo/Nam Y. Huh)
April 26, 2024 at 6:15 PM

The US economy is cooling off. Is it time to worry?

The economy slowed dramatically to start 2024.
April 26, 2024 at 6:15 PM
A woman shopping for groceries examines a food label while holding a shopping basket in an undated stock image.
April 26, 2024 at 3:31 PM

Mortgage rates on the rise

One reason for the increase has been a shortage of properties, as many with ultra-low rates aren't moving.
April 26, 2024 at 3:31 PM
VIDEO: Mortgage rates on the rise
April 25, 2024 at 10:46 PM

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace
April 25, 2024 at 10:46 PM
FILE - Articulated robots move inside the Hanwha Qcells Solar plant, Oct. 16, 2023, in Dalton, Ga. On Thursday, April 25, 2024, the U.S. government issues the first of three estimates of economic growth in the first quarter. (AP Photo/Mike Stewart, File)
April 25, 2024 at 2:45 PM

US applications for jobless claims fall to lowest level in 9 weeks

Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation
April 25, 2024 at 2:45 PM
A hiring sign is displayed at a restaurant in Chicago, Monday, March 11, 2024. On Thursday, April 25, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh)
April 17, 2024 at 6:29 PM

Robert Herjavec shares tips to deal with inflation

The "Shark Tank" star has tips for individuals and small business owners to manage finances amid higher prices.
April 17, 2024 at 6:29 PM
VIDEO: Robert Herjavec shares tips to deal with inflation
April 15, 2024 at 3:57 PM

Economy uncertain after Iran attacks Israel

ABC News business reporter Alexis Christoforous shares how an Israeli response to Iran's attack could lead to soaring gas prices and push inflation even higher.
April 15, 2024 at 3:57 PM
VIDEO: Economy uncertain after Iran attacks Israel
April 15, 2024 at 1:23 PM

Middle East tension causes concern on Wall Street

ABC News’ Rebecca Jarvis reports on how the rising tensions, along with higher-than-expected inflation, could impact the stock market.
April 15, 2024 at 1:23 PM
VIDEO: Middle East tension causes concern on Wall Street
April 11, 2024 at 5:58 PM

Hot inflation likely to delay interest rate cuts. Here's what to expect

Rate cuts may not begin this year, some experts said.
April 11, 2024 at 5:58 PM
Federal Reserve Chair Jerome Powell speaks at the 2024 Business, Government & Society Forum at the Stanford Graduate School of Business in Stanford, Calif., April 3, 2024.
April 11, 2024 at 2:29 AM

Inflation rose sharply in March, undoing progress in lowering prices

U.S. Bureau of Labor Statistics reports that consumer prices rose 3.5% in March, accelerating from the previous month and reversing progress on curbing inflation.
April 11, 2024 at 2:29 AM
VIDEO: Inflation rose sharply in March, undoing progress in lowering prices
April 10, 2024 at 11:12 PM

Americans spending hundreds more each month compared to 2023, data shows

Consumer prices are on the rise nationwide according to data and our panel breaks down the latest inflation numbers.
April 10, 2024 at 11:12 PM
VIDEO: Americans spending hundreds more each month compared to 2023, data shows
April 10, 2024 at 10:06 PM

US consumer prices rose 3.5% in March

U.S. consumer prices rose 3.5% year over year in March, according to the U.S. Bureau of Labor Statistics. Moody's analytics economist Matt Colyar gives his analysis.
April 10, 2024 at 10:06 PM
VIDEO:
April 10, 2024 at 6:18 PM

Cost of goods and services continue to increase, report shows

ABC News business reporter Alexis Christoforous talks about an increase in the cost of goods and services and the likelihood of the Feds cutting interest rates.
April 10, 2024 at 6:18 PM
VIDEO: Cost of goods and services continue to increase, report shows
April 10, 2024 at 6:03 PM

All eyes on March Consumer Price Index report

ABC News’ Rebecca Jarvis has the latest on inflation numbers expected Wednesday, what they could signal about the economy and how it could impact your wallet.
April 10, 2024 at 6:03 PM
VIDEO: All eyes on March Consumer Price Index report
April 10, 2024 at 5:16 PM

Business Headlines: New inflation report is worse than expected

Inflation is moving in the wrong direction for the third month in a row, the price of the stamp may be going up again and "Honest Company" founder Jessica Alba is stepping down.
April 10, 2024 at 5:16 PM
VIDEO: Business Headlines: New inflation report is worse than expected
April 10, 2024 at 1:33 PM

Inflation surged higher in March, reversing some progress made in cooling prices

The fight to reduce inflation has struck a rough patch in recent months.
April 10, 2024 at 1:33 PM
A customer shops for food at a grocery store, March 12, 2024, in San Rafael, Calif.
April 9, 2024 at 1:29 PM

JPMorgan CEO warns about interest rates

JPMorgan Chase’s Jamie Dimon warned that 8% interest rates could be in the future.
April 9, 2024 at 1:29 PM
VIDEO: JPMorgan CEO warns about interest rates
1 month ago

Interest rates could soar above 8%, Jamie Dimon warns

The CEO of the nation's largest bank said economic risks remain significant.
1 month ago
Jamie Dimon, Chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building Dec. 06, 2023 in Washington, DC.
1 month ago

JPMorgan Chase CEO Dimon fears higher interest rates

Jamie Dimon wrote in a shareholder letter Monday that interest rates could rise to at least 8%.
1 month ago
Jamie Dimon wrote in a shareholder letter Monday that interest rates could rise to at least 8%.
1 month ago

Job market defies expectations in latest report

Employers added 303,000 jobs to the workforce in March, more than analysts expected, while the unemployment rate dipped from 3.9% to 3.8%.
1 month ago
VIDEO: Job market defying expectations in latest report
1 month ago

Employers add 303,000 jobs in March

It's the largest monthly jobs gain since May 2023.
1 month ago
VIDEO: Employers add 303,000 jobs in March
1 month ago

Biden on jobs report: “A milestone in America’s comeback”

The Bureau of Labor Statistics said more than 300,000 jobs were added to the U.S. economy in March. The highest number of new jobs in nearly a year.
1 month ago
VIDEO: Biden on jobs report: “A milestone in America’s comeback”
1 month ago

Fed needs more time to assess inflation before rate cuts can happen: Powell

"We have time to let the incoming data guide our decisions," Powell said.
1 month ago
Federal Reserve Bank Chair Jerome Powell speaks during the Stanford Business, Government and Society Forum at Stanford University, April 3, 2024, in Stanford, Calif.
1 month ago

California fast food workers expecting bigger paychecks

The panel discusses the pay raise hitting the fast-food industry in California. Employees will now receive $20 per hour.
1 month ago
VIDEO: California fast food workers expecting bigger paychecks
1 month ago

Avian flu hits dairy producing cattle farms

Avian flu has already impacted egg supplies and pricing, but now a virus hitting cattle farms could dwindle some milk supply.
1 month ago
Dairy cattle feed at a farm, March 31, 2017, near Vado, N.M. The Department of Agriculture said, March 25, 2024, that milk from dairy cows in Texas and Kansas has tested positive for bird flu.
1 month ago

California fast food workers get minimum wage hike

Fast food workers in California are getting a pay raise. Also, if you're a current or former AT&T customer, your information may have been leaked to the dark web.
1 month ago
VIDEO: California fast food workers get minimum wage hike
1 month ago

Fast food minimum wage hike takes effect in California

On April 1 Assembly Bill 610 went into effect raising the minimum wage for more than half a million California fast food workers.
1 month ago
An employee hands over a tray at a McDonald's, Dec. 2, 2021, in Bavaria, Munich.
1 month ago

California minimum wage of at least $20 to take effect Monday

California will soon become that state with the highest minimum wage for some fast-food workers. What it could mean for franchise owners and customers.
1 month ago
VIDEO: California minimum wage of at least $20 to take effect Monday
1 month ago

Here's why gas prices are suddenly higher

Warm-weather travelers are driving up demand for gas, experts said.
1 month ago
Cars pass by a Chevron station in south Scottsdale where regular unleaded gas is priced at $3.99 a gallon on March 22, 2024.
1 month ago

Gas prices go up as spring travel heats up

Gas prices are rising faster than usual this year and Americans seem to be cooling on a certain hot sauce.
1 month ago
VIDEO: Gas prices go up as spring travel heats up
1 month ago

Job flexibility, security linked to less anxiety, distress, study says

ABC News chief medical correspondent Dr. Jen Ashton discusses how work-life balance results in lower stress levels.
1 month ago
VIDEO: Job flexibility, security linked to less anxiety, distress, study says
1 month ago

Trader Joe's bananas cost more, but other produce items will be cheaper

Trader Joe's confirmed the bananas that previously sold for just 19 cents a piece will now cost 23 cents.
1 month ago
Ripe yellow bananas at a market.
1 month ago

Gasoline prices rising ahead of holiday weekend

Prices for gas are creeping up across the country, with some paying more than $5 a gallon heading into Easter weekend.
1 month ago
VIDEO: Gasoline prices rising ahead of holiday weekend
1 month ago

Government shutdown averted as Congress passes spending bill

President Joe Biden signed the bipartisan bill into law that includes money to hire 2,000 additional border agents to assist with the ongoing migrant crisis at the Southern border.
1 month ago
VIDEO: Government shutdown averted as Congress passes spending bill
1 month ago

Further rise in food prices possible if global temperatures continue to rise

The strain that rising global temperatures could have on the agriculture industry will likely cause food prices around the world to inflate even more.
1 month ago
A harvesting truck clears up drought-stressed fields in San Jeronimo Sud, Santa Fe, Argentina, on March 12, 2023.