Follow the latest Economy news, videos, and analysis from ABC News.
February 16, 2025 at 2:59 PM
What to know about the bird flu outbreak and its risk to your health and wallet
ABC News’ medical correspondent Dr. Darien Sutton and ABC’s Alexis Christoforous breakdown the health risk of the bird flu and the impacts it’s making on prices at the grocery store.
February 16, 2025 at 2:59 PM
February 16, 2025 at 2:07 AM
Egg prices hit record high
The average cost of a dozen eggs hit $4.95 -- 81 cents higher than the month before, according to the Bureau of Labor Statistics.
February 16, 2025 at 2:07 AM
February 15, 2025 at 4:04 PM
Credit card debt at record high
Americans’ total credit card balance hit a new all-time high of over $1.2 trillion, according to a new report from the federal Reserve Bank of New York.
February 15, 2025 at 4:04 PM
February 14, 2025 at 7:09 PM
Chickens for rent amid scramble for pricey eggs
Due to rising bird flu infections across the United States, an egg shortage has left many Americans scrambling. One solution: renting chickens.
February 14, 2025 at 7:09 PM
February 14, 2025 at 3:06 PM
Americans' credit card debt reaches new record high: Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
February 14, 2025 at 3:06 PM
February 14, 2025 at 2:31 PM
US retail sales plunged along with temperatures in January
U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors and dented sales at car dealers and most other stores
February 14, 2025 at 2:31 PM
February 13, 2025 at 3:24 PM
Breakfast is booming at US restaurants. Is it also contributing to high egg prices?
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem
February 13, 2025 at 3:24 PM
February 13, 2025 at 2:06 PM
Trump blames Biden for worse than expected inflation
New inflation figures have President Donald Trump pointing the finger at his predecessor, while Americans deal with the financial fallout.
February 13, 2025 at 2:06 PM
February 13, 2025 at 2:01 PM
US wholesale prices up a hotter-than-expected 0.4% in December
U.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have stalled, undercutting expectations for lower interest rates this year
February 13, 2025 at 2:01 PM
February 13, 2025 at 1:58 PM
Number of Americans seeking jobless benefits falls as employers hold on to workers
U.S. applications for unemployment benefits fell last week as employers continue to retain workers despite resurgent inflation and elevated interest rates
February 13, 2025 at 1:58 PM
February 13, 2025 at 1:46 PM
Mortgage and credit card interest rates to remain high
Inflation is up for the fourth straight month with families paying more groceries and medical bills, and it being unlikely that the Fed will cut interest rates anytime soon.
February 13, 2025 at 1:46 PM
February 13, 2025 at 9:10 AM
Inflation rises as consumer prices surge in January
As President Donald Trump returned to office, inflation rose to 3% in January, marking the highest level in seven months. The increase is higher than many experts expected.
February 13, 2025 at 9:10 AM
February 12, 2025 at 11:33 PM
Joann to close 500 of its 800 fabric and craft stores
The move is part of the company's ongoing bankruptcy proceedings.
February 12, 2025 at 11:33 PM
February 12, 2025 at 6:30 PM
Trump's comments won't affect interest rate decisions by the Fed, Powell says
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions
February 12, 2025 at 6:30 PM
February 12, 2025 at 4:16 PM
Inflation increased in January, posing obstacle for tariff plans
Consumer prices rose 3% in January compared to a year ago, data showed. ABC News' Alexis Christoforous reports.
February 12, 2025 at 4:16 PM
February 12, 2025 at 3:30 AM
By The Numbers: The future of pennies and ‘wasteful’ production
A look at the numbers behind the cost of coin making, just how many coins are circulated and U.S. mint coin production as President Trump instructs the Treasury to stop producing the one-cent coins.
February 12, 2025 at 3:30 AM
February 11, 2025 at 11:06 PM
These prices could rise due to tariffs on steel and aluminum
Trump this week announced 25% tariffs on all imported steel and aluminum.
February 11, 2025 at 11:06 PM
February 11, 2025 at 7:28 PM
Quiksilver, Billabong and Volcom stores are closing in the US in 2025
All Quiksilver, Billabong and Volcom stores will be closing in the U.S due to a voluntary bankruptcy filed by Liberated Brands.
February 11, 2025 at 7:28 PM
February 11, 2025 at 5:07 PM
Fed chair testifies on Capitol Hill
ABC News’ Alexis Christoforous reports on what Fed Chair Jerome Powell is telling lawmakers about a “strong overall” economy.
February 11, 2025 at 5:07 PM
February 11, 2025 at 3:54 PM
Skyrocketing egg prices hit consumers hard
With bird flu infections across the nation surging and egg supply plummeting, consumers are on the hunt for eggs as prices rise and businesses are feeling the pressure.
February 11, 2025 at 3:54 PM
February 11, 2025 at 1:51 PM
Coca-Cola posts strong fourth quarter revenue as global sales volumes rise
Coca-Cola posted better-than-expected revenue in the fourth quarter as its sales volumes rose in the U.S., China and elsewhere
February 11, 2025 at 1:51 PM
February 11, 2025 at 1:19 PM
Trader Joe's, Costco, Sprouts limit purchases on fresh eggs amid shortages
Costco, Trader Joe's, Sprouts and other grocery stores across the U.S. are limiting how many eggs customers can buy as bird flu continues to dwindle supply.
February 11, 2025 at 1:19 PM
February 11, 2025 at 3:00 AM
Supermarkets limit purchases on fresh eggs amid shortages
With the price of eggs skyrocketing as cases of bird flu spread among flocks across the United States, chains like Costco and Trader Joe's have implemented purchase limits.
February 11, 2025 at 3:00 AM
February 10, 2025 at 7:46 PM
Rise in egg thefts amid nationwide shortage
The thefts come amid a soaring number of bird flu infections across the United States, which is causing an egg shortage.
February 10, 2025 at 7:46 PM
February 10, 2025 at 12:31 PM
Trump has directed US Treasury to stop minting new pennies, citing rising cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin
February 10, 2025 at 12:31 PM
February 7, 2025 at 8:17 PM
See how egg prices in the US have changed from 1980 to now
Egg prices have remained steady over the past 45 years, until now.
February 7, 2025 at 8:17 PM
February 7, 2025 at 6:09 PM
CEO speaks out after $40K egg heist in Pennsylvania
The CEO of Pete and Gerry’s Eggs is speaking out after 100,000 eggs were stolen from one of its facilities in Pennsylvania last weekend.
February 7, 2025 at 6:09 PM
February 7, 2025 at 4:46 PM
US employers added just 143,000 jobs last month
ABC News’ Alexis Christoforous breaks down the report which also shows that the jobless rate slipped to 4% to start 2025.
February 7, 2025 at 4:46 PM
February 6, 2025 at 5:52 PM
Rents are high. A new bill in Congress aims to change that.
New legislation in Congress aims to tackle a financial burden weighing on millions of households -- rent that is too damn high, as one NYC activist famously claimed.
February 6, 2025 at 5:52 PM
February 6, 2025 at 3:01 PM
Unemployment applications rose to 219K last week; layoffs remain relatively low
More Americans filed unemployment claims last week, but the labor market remains healthy and layoffs relatively low
February 6, 2025 at 3:01 PM
February 6, 2025 at 10:05 AM
The cost of eggs is breaking records but may level out soon
The United States has experienced a significant rise in egg prices due to the bird flu outbreak, resulting in the deaths of millions of laying hens.
February 6, 2025 at 10:05 AM
February 5, 2025 at 4:37 PM
These prices may go up due to China tariffs
Trump slapped a 10% tariff on China this week.
February 5, 2025 at 4:37 PM
February 4, 2025 at 6:21 PM
Waffle House adds surcharge on eggs
Waffle House said the recent egg shortage has prompted "difficult decisions," with the chain adding a per-egg surcharge to its menu.
February 4, 2025 at 6:21 PM
February 4, 2025 at 2:53 PM
How Trump’s tariff plan for China could impact online shopping
New tariffs get rid of a loophole, called de minimis exemption, where a Chinese retailer could ship up to $800 in goods directly to U.S. customers duty free.
February 4, 2025 at 2:53 PM
February 4, 2025 at 1:01 AM
Potential impact of tariffs on US agriculture
Josh Gackle, a soybean farmer, discusses how Trump’s tariffs could impact soybean exports and U.S. agriculture.
February 4, 2025 at 1:01 AM
February 3, 2025 at 10:09 PM
Dow and S&P 500 recover some losses after Trump pauses tariffs on Mexico
Tariffs on Canada, Mexico and China set the stage for a potential trade war.
February 3, 2025 at 10:09 PM
February 3, 2025 at 8:53 PM
Manufacturers say tariffs on Mexico and Canada threaten to upend supply chains
Jay Timmons, president and CEO of the National Association of Manufacturers joined ABC News Live to discuss the impact tariffs on Mexico and Canada would have on the manufacturing sector in the U.S.
February 3, 2025 at 8:53 PM
February 3, 2025 at 6:08 PM
How Trump’s tariffs could impact US consumers
ABC News’ Karen Travers and Matt Rivers, as well as economist Kimberly Clausing, discuss the impact of President Donald Trump’s tariffs on the economy.
February 3, 2025 at 6:08 PM
February 3, 2025 at 4:46 PM
US tariffs on Mexico 'paused for a month'
Mexican President Claudia Sheinbaum announced on X that Mexico has agreed to "reinforce" the Mexico-U.S. border with 10,000 National Guard troops "immediately."
February 3, 2025 at 4:46 PM
February 3, 2025 at 4:33 PM
Trump imposes tariffs on Mexico, Canada and China
President Donald Trump imposed 25% tariffs on Mexico and Canada and 10% on Chinese goods, a move that could drive up prices for essentials like gas and groceries.
February 3, 2025 at 4:33 PM
February 3, 2025 at 3:37 PM
Businesses brace for impact of Trump’s new tariffs
American households and businesses are bracing for higher prices for nearly half of all goods imported into the U.S.
February 3, 2025 at 3:37 PM
February 3, 2025 at 3:33 PM
Trump's tariffs send stock market falling
ABC News’ Elizabeth Schulze and Matt Rivers, as well as economist Kimberly Clausing, discuss the impact of President Donald Trump’s tariffs on the economy.
February 3, 2025 at 3:33 PM
February 3, 2025 at 2:47 AM
Businesses brace for impact of tariffs
Americans may feel the impact of tariffs at the grocery store first, with higher prices for tomatoes and avocadoes. ABC News' Elizabeth Schulze reports.
February 3, 2025 at 2:47 AM
February 2, 2025 at 5:16 PM
Growing concern over financial impact of Trump policies
"Financial Literacy for All" author John Hope Bryant discusses the potential fallout from tariffs and the rollback of DEI.
February 2, 2025 at 5:16 PM
February 1, 2025 at 4:53 PM
Federal workers assured the buyout offer is 'valid, lawful, and will be honored'
Federal workers received emails from top officials at their agencies informing them that the resignation offers they received are "valid, lawful, and will be honored."
February 1, 2025 at 4:53 PM
January 31, 2025 at 8:01 PM
New tariffs on Canada, Mexico and China begin Saturday
Tariffs against Mexico, Canada and China will start on Saturday after a report circulated that the Trump administration was going to push it back a month, according to the White House.
January 31, 2025 at 8:01 PM
January 31, 2025 at 7:23 PM
These prices could climb within days if Trump slaps tariffs on Canada and Mexico
The Trump administrations says the tariffs will take effect on Feb. 1.
January 31, 2025 at 7:23 PM
January 31, 2025 at 7:01 PM
These prices could climb within days if Trump slaps tariffs on Canada and Mexico
The Trump administration this week reiterated plans to slap 25% tariffs on all products from Canada and Mexico on Feb. 1.
January 31, 2025 at 7:01 PM
January 31, 2025 at 3:53 PM
Where to get least expensive eggs, as prices rise
ABC News consumer correspondent Becky Worley shares where to find the best egg deals as people scramble to save.
January 31, 2025 at 3:53 PM
January 29, 2025 at 9:05 PM
Fed holds interest rates steady, defying pressure from Trump
The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump called on the central bank to lower them.
January 29, 2025 at 9:05 PM