Economy
Follow the latest Economy news, videos, and analysis from ABC News.
3 hours ago

Why gold prices are hitting an all time high

ABC News' Alexis Christoforous joins "GMA" to take a look at why some Americans are looking to purchase the precious metal.
3 hours ago
VIDEO: Why gold prices are hitting an all time high
March 16, 2025 at 1:46 AM

Consumer sentiment lowest since 2022

Signs show that Americans are cutting back on spending due to President Donald Trump's trade wars, soaring tariffs, inflation, and the high cost of groceries.
March 16, 2025 at 1:46 AM
VIDEO: Consumer sentiment lowest since 2022
March 16, 2025 at 12:26 AM

Strong Dollar drives American travelers abroad

Personal finance and utility columnist Jessica Roy delivers tips and tricks to save up for a vacation abroad.
March 16, 2025 at 12:26 AM
VIDEO: Strong Dollar drives American travelers abroad
March 15, 2025 at 4:49 PM

Wholesale price of eggs drops for 3rd week in a row

The combination of prices scaring off customers, slowed outbreaks and a later Easter this year is resulting in less demand.
March 15, 2025 at 4:49 PM
Eggs are offered for sale at a store, March 12, 2025, in Chicago.
March 14, 2025 at 3:46 PM

Consumer sentiment sours amid trade war, recession fears: Survey

The Trump administration's tariffs last week set off a market slump.
March 14, 2025 at 3:46 PM
A customer shops at a grocery store, Feb. 12, 2025 in Austin, Texas.
March 14, 2025 at 2:38 PM

Chances of recession amid Trump tariffs ‘have risen’: Analyst

Bankrate senior economic analyst Mark Hamrick explains the impact of President Donald Trump’s tariffs on the stock market.
March 14, 2025 at 2:38 PM
VIDEO: Chances of recession amid Trump tariffs ‘have risen’: Analyst
March 13, 2025 at 4:09 PM

Average US rate on a 30-year mortgage edges higher, ending a seven-week slide

The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season
March 13, 2025 at 4:09 PM
FILE - A sale sign stands outside a home on Thursday, Oct. 17, 2024, in the east Washington Park neighborhood of Denver. (AP Photo/David Zalubowski, File)
March 13, 2025 at 1:40 PM

February US wholesale prices unchanged showing inflation easing

U.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now
March 13, 2025 at 1:40 PM
FILE - Shoppers guide their carts through the milk display in a Costco warehouse Thursday, Jan. 23, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski)
March 13, 2025 at 12:34 PM

Inflation up less than expected last month

Gasoline and airfare prices fell but egg prices continued to rise last month. ABC News’ Rebecca Jarvis has the latest on when consumers can expect to see more relief. 
March 13, 2025 at 12:34 PM
VIDEO: Inflation up less than expected last month
March 13, 2025 at 1:39 AM

By The Numbers: Inflation, rent increases and egg prices, oh my!

Economists were pleased today by the latest inflation numbers, so why does it still feel like there’s a hole in your pocket?
March 13, 2025 at 1:39 AM
VIDEO: By The Numbers: Inflation, rent increases and egg prices, oh my!
March 12, 2025 at 9:50 PM

How to keep your money safe amid a volatile market 

ABC News business reporter Alexis Christoforous shares what you need to know about keeping your money safe amid a volatile market.
March 12, 2025 at 9:50 PM
VIDEO: How to keep your money safe amid a volatile market 
March 12, 2025 at 8:25 PM

Europe, Canada retaliate as Trump tariffs on metals take effect

Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."
March 12, 2025 at 8:25 PM
European Commission president Ursula von der Leyen addresses European Parliament members on new plans to ramp up defense spending agreed at last week's summit, Tuesday, March 11, 2025 at the European Parliament in Strasbourg, eastern France.
March 12, 2025 at 8:25 PM

Egg prices soar as inflation cools in first full month of Trump term

Trump touted Tuesday's inflation report as "very good news."
March 12, 2025 at 8:25 PM
Eggs are displayed for sale in a Manhattan grocery store on February 25, 2025 in New York City.
March 12, 2025 at 5:49 PM

Money-saving tips to help you prepare for a recession

Author and business coach Rachel Rodgers shares some survival tips you can follow to navigate a recession.
March 12, 2025 at 5:49 PM
VIDEO: Money-saving tips to help you prepare for a recession
March 12, 2025 at 1:51 PM

Inflation cools in first full month of Trump term

The inflation report arrived as markets slide and recession fears grow. ABC News’ Alexis Christoforous reports.
March 12, 2025 at 1:51 PM
VIDEO: Inflation cools in first full month of Trump term
March 11, 2025 at 9:46 PM

Speaker Johnson defends Trump amid stock market losses: 'It's a shakeup'

Speaker Mike Johnson was asked for his reaction as the stock market wobbles amid Trump's tariff upheaval.
March 11, 2025 at 9:46 PM
Speaker Mike Johnson was asked for his reaction as the stock market wobbles amid Trump's tariff upheaval.
March 11, 2025 at 9:27 PM
A trader works on the floor of the New York Stock Exchange at the opening bell in New York City on March 10, 2025.
March 11, 2025 at 9:01 PM

'We are in a period of economic transition': White House does not rule out recession

When asked if she can reassure Americans that there's not going to be a recession, White House press sec. Karoline Leavitt says losses in the stock market are a "snapshot of a moment in time."
March 11, 2025 at 9:01 PM
When asked if she can reassure Americans that there's not going to be a recession, White House press sec. Karoline Leavitt says losses in the stock market are a "snapshot of a moment in time."
March 11, 2025 at 8:32 PM

Johnson, House GOP dismiss market turmoil in defending Trump tariff policies

House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.
March 11, 2025 at 8:32 PM
House Speaker Mike Johnson speaks during a press conference ahead of a potential budget vote at the U.S. Capitol in Washington, Mar. 11, 2025.
March 11, 2025 at 8:30 PM

US stocks drop, Dow closes down amid fresh tariffs on Canada, recession fears

The selloff on Tuesday extended losses suffered a day earlier.
March 11, 2025 at 8:30 PM
A trader works on the floor of the New York Stock Exchange at the opening bell in New York City on March 10, 2025.
March 11, 2025 at 5:31 PM

‘Things are looking up’ for US economy: GOP congressman

Rep. Mark Alford, R-Missouri, discusses tariffs, recession fears, government funding and more.
March 11, 2025 at 5:31 PM
VIDEO: ‘Things are looking up’ for US economy: GOP congressman
March 11, 2025 at 4:27 PM

Top recession questions answered

ABC News’ Alexis Christoforous on what you need to know about preparing for a potential recession.
March 11, 2025 at 4:27 PM
VIDEO: Top recession questions answered
March 11, 2025 at 2:48 PM

As Tesla stock falls, some pension fund managers worry and critics rage

Since Elon Musk went to Washington, D.C., to slash the government, the stock of his car company Tesla has taken a significant hit, worrying some shareholders.
March 11, 2025 at 2:48 PM
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with President Donald Trump, Mar. 9, 2025 in Washington.
March 11, 2025 at 1:03 PM

Stocks plunge as Trump tariff fallout deepens

U.S. stocks plunged on Monday, suffering widespread losses amid an escalating trade war a day after President Donald Trump declined to rule out the possibility of a recession.
March 11, 2025 at 1:03 PM
VIDEO: Stocks plunge as Trump tariff fallout deepens
March 11, 2025 at 1:32 AM

Recession risks are rising, economists say. Here's what to know.

Trump's tariffs touched off a stock market plunge in recent days.
March 11, 2025 at 1:32 AM
Recession risks are rising, economists say. Here's what to know.
March 10, 2025 at 10:16 PM

US stocks plunge on recession fears amid escalating tariffs

U.S. stocks plunged on Monday, suffering widespread losses amid an escalating trade war a day after President Donald Trump declined to rule out the possibility of a recession.
March 10, 2025 at 10:16 PM
VIDEO: US stocks plunge on recession fears amid escalating tariffs
March 10, 2025 at 8:57 PM

Recession risks are rising, economists say. Here's what to know.

Trump's tariffs touched off a stock market plunge in recent days.
March 10, 2025 at 8:57 PM
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, Jan. 26, 2022.
March 10, 2025 at 8:45 PM

Stocks plunge, market closes down on recession fears amid escalating tariffs

The major stock indexes plunged on Monday amid fears of a possible recession.
March 10, 2025 at 8:45 PM
Traders and financial professionals work on the floor of the New York Stock Exchange at the opening bell in New York City, Mar. 10, 2025.
March 10, 2025 at 7:07 PM

Wall Street uneasy amid new tariffs

ABC News’ Rebecca Jarvis reports on the growing concerns about the economy among traders.
March 10, 2025 at 7:07 PM
VIDEO: Wall Street uneasy amid new tariffs
March 9, 2025 at 4:16 PM

Egg prices continue to rise

ABC News' Alexis Christoforous breaks down the latest on soaring egg prices.
March 9, 2025 at 4:16 PM
Egg prices continue to rise
March 9, 2025 at 2:12 PM

DOJ investigating possible egg price fixing: Sources

A source tells ABC News that the Justice Department is in the early stages of investigating the country's largest egg producers for alleged "coordinated effort to restrict supply" and inflate prices.
March 9, 2025 at 2:12 PM
VIDEO: DOJ investigating possible egg price fixing: Sources
March 9, 2025 at 2:08 AM

Looming tariffs rattle economy

Tariffs are rattling the economy and consumers as President Donald Trump threatens tariffs on goods from Mexico and Canada. ABC News' Selina Wang reports.
March 9, 2025 at 2:08 AM
VIDEO: Looming tariffs rattle economy
March 9, 2025 at 2:03 AM

Breaking down mortgage rates, jobs numbers and tariffs

Groundwork Collaborative chief of policy and advocacy Alex Jacquez joins ABC News live to breakdown the biggest recent developments for the economy.
March 9, 2025 at 2:03 AM
VIDEO: Breaking down mortgage rates, jobs numbers and tariffs
March 8, 2025 at 9:11 PM

DOJ investigating major egg producers amid soaring prices: Sources

The Justice Department is in the early stages of investigating the major egg producers over soaring egg prices, source familiar with the matter told ABC News.
March 8, 2025 at 9:11 PM
Eggs are for sale at a grocery store in Lyndhurst, New Jersey, on Feb. 4, 2025.
March 8, 2025 at 3:18 PM

$70,000 more a year for eggs: How price hikes are hurting small businesses

As egg prices continue to skyrocket, small businesses grapple with how to avoid passing on the increase to their customers.
March 8, 2025 at 3:18 PM
March 8, 2025 at 3:08 AM

$70,000 more a year for eggs: How price hikes are hurting small businesses

As egg prices continue to skyrocket, small businesses grapple with how to avoid passing on the increase to their customers.
March 8, 2025 at 3:08 AM
As egg prices continue to skyrocket, small businesses grapple with how to avoid passing on the increase to their customers.
March 7, 2025 at 6:49 PM

Federal Reserve chair says economy is in a 'good place' despite uncertainty

Fed Chair Jerome Powell acknowledged tariff policy remains "very uncertain."
March 7, 2025 at 6:49 PM
VIDEO: Federal Reserve chair says economy is in a 'good place' despite uncertainty
March 7, 2025 at 3:07 PM

US hiring falls short of expectations in 1st full month of Trump term

ABC News’ Alexis Christoforous breaks down the latest jobs report, which arrives at a turbulent moment for U.S. stocks and trade relations.
March 7, 2025 at 3:07 PM
VIDEO: US hiring falls short of expectations in 1st full month of Trump term
March 6, 2025 at 3:34 PM

Macy's Q4 is mixed and its 2025 outlook is tempered by tariffs and leery shoppers

Macy’s swung to a profit in the fourth quarter, though sales dipped with shoppers still cautious about spending
March 6, 2025 at 3:34 PM
FILE - A Macy's department store is in Bay Shore, Long Island, New York, on Tuesday, December 12, 2023. (AP Photo/Ted Shaffrey, File)
March 5, 2025 at 4:16 PM

Trump’s economic policies debated by political strategists

Political strategists Julie Roginsky and Mehek Cooke examine what President Donald Trump discussed at Tuesday night’s address to Congress.
March 5, 2025 at 4:16 PM
VIDEO: Trump’s economic policies debated by political strategists
March 4, 2025 at 9:45 PM

Stocks tumble after Trump tariffs take effect

The Trump administration's long-promised tariffs took hold on Tuesday.
March 4, 2025 at 9:45 PM
Traders work on the New York Stock Exchange (NYSE) floor on Feb. 24, 2025 in New York City.
March 4, 2025 at 3:26 PM

What Trump's tariffs mean for the cost of everyday items

ABC News' Alexis Christoforous breaks down the financial impact on industries, the stock market and U.S. consumers.
March 4, 2025 at 3:26 PM
VIDEO: What Trump's tariffs mean for the cost of everyday items
March 4, 2025 at 12:08 PM

Target posts strong fourth quarter profits and sales, but warns on impact of tariffs

Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs and other costs
March 4, 2025 at 12:08 PM
A Target parking lot in Emeryville, Calif., Friday, Feb. 28, 2025. (AP Photo/Godofredo A. Vásquez)
February 27, 2025 at 11:52 PM

Economists say Trump tariff threats, DOGE job cuts are 'chilling' the economy

Economists say uncertainty from Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.
February 27, 2025 at 11:52 PM
Elon Musk delivers remarks during a Cabinet meeting held by President Donald Trump at the White House, Feb. 26, 2025 in Washington.
February 27, 2025 at 3:17 PM

Trump administration’s new plan to deal with egg prices and bird flu outbreak

As part of the plan, the U.S. will look to import 70 to 100 million eggs and invest $500 million in biosecurity, according to Agriculture Secretary Brooke Rollins.
February 27, 2025 at 3:17 PM
VIDEO: Trump administration’s new plan to deal with egg prices and bird flu outbreak
February 26, 2025 at 1:46 PM

USDA: Egg prices could increase 41% this year

ABC News’ Erielle Reshef has the latest on egg prices as the spread of bird flu continues to cause a supply shortage across the country.
February 26, 2025 at 1:46 PM
VIDEO: USDA: Egg prices could increase 41% this year
February 26, 2025 at 12:35 PM

Here's how much egg prices could rise in 2025, according to the USDA

Egg prices are predicted to increase by 41.1% in 2025, according to a report released by the Department of Agriculture on Tuesday.
February 26, 2025 at 12:35 PM
Freshly laid organic eggs sit stacked in a henhouse at Sunrise Farms on Feb. 18, 2025 in Petaluma, Calif.
February 26, 2025 at 8:56 AM

Egg prices will rise more than 40% this year: USDA

As the retail price of eggs continues to experience volatile month-to-month changes due to the outbreak of bird flu, the agriculture department on Tuesday predicted prices will increase 41.1% in 2025.
February 26, 2025 at 8:56 AM
VIDEO: Egg prices will rise more than 40% this year: USDA
February 25, 2025 at 10:55 PM

Bitcoin price falls, losing gains made under Trump

The price of bitcoin dropped Tuesday to its lowest level since November.
February 25, 2025 at 10:55 PM
The price of bitcoin dropped Tuesday to its lowest level since November.
February 25, 2025 at 5:44 PM

Consumer confidence plummets in largest drop since 2021

A gauge of consumer confidence registered its largest monthly drop since 2021.
February 25, 2025 at 5:44 PM
In this undated stock photo, a woman is seen shopping in a supermarket.