Economy Follow the latest Economy news, videos, and analysis from ABC News.
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May 6, 2024, 8:29 PM
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Starbucks sales are slumping. Is it a bellwether for the economy?
Starbucks' shares have plummeted about 17% in value since last week as sales slump.May 6, 2024, 8:29 PM
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May 4, 2024, 12:03 AM
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Warren Buffett says AI may be better for scammers than society. And he's seen how
Buffett cautioned the tens of thousands of shareholders at his annual meeting.May 4, 2024, 12:03 AM
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May 2, 2024, 8:45 AM
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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 inflationMay 2, 2024, 8:45 AM
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Apr 30, 2024, 10:48 AM
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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.Apr 30, 2024, 10:48 AM
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May 3, 2024, 10:41 AM
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April jobs report misses expectations, signaling a possible slowdown
U.S. employers added 175,000 jobs in April.May 3, 2024, 10:41 AM
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May 2, 2024, 3:24 PM
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Interest rates could be high for much longer. Here's what it means for your finances
The Fed held interest rates steady at a meeting this week.May 2, 2024, 3:24 PM
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May 1, 2024, 2:45 PM
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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, 2:45 PM
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May 1, 2024, 10:17 AM
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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 ratesMay 1, 2024, 10:17 AM
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Apr 29, 2024, 7:32 PM
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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 itemsApr 29, 2024, 7:32 PM
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Apr 28, 2024, 11:47 AM
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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. economyApr 28, 2024, 11:47 AM
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Apr 26, 2024, 7:51 PM
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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 YorkApr 26, 2024, 7:51 PM
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Apr 26, 2024, 8:38 AM
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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 bidApr 26, 2024, 8:38 AM
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Apr 26, 2024, 2:13 PM
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The US economy is cooling off. Why experts say there's no need to worry yet
The economy slowed dramatically to start 2024.Apr 26, 2024, 2:13 PM
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Apr 24, 2024, 4:46 PM
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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 paceApr 24, 2024, 4:46 PM
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Apr 25, 2024, 8:41 AM
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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 inflationApr 25, 2024, 8:41 AM
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Apr 11, 2024, 1:29 PM
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Hot inflation likely to delay interest rate cuts. Here's what to expect
Rate cuts may not begin this year, some experts said.Apr 11, 2024, 1:29 PM
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Apr 10, 2024, 8:45 AM
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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.Apr 10, 2024, 8:45 AM
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Apr 8, 2024, 1:09 PM
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Inflation alarm, 'extraordinary' AI: 4 takeaways from Jamie Dimon's annual letter
The CEO of the nation's largest bank said economic risks remain significant.Apr 8, 2024, 1:09 PM
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Apr 3, 2024, 3:10 PM
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Fed Chair Jerome Powell pumps brakes on rate cuts
"We have time to let the incoming data guide our decisions," Powell said.Apr 3, 2024, 3:10 PM
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Mar 28, 2024, 12:20 PM
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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.Mar 28, 2024, 12:20 PM
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Apr 1, 2024, 10:31 AM
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What to know about new minimum wage 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.Apr 1, 2024, 10:31 AM
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Mar 29, 2024, 12:44 PM
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Gas prices have climbed nearly 14% this year. Here's why.
Warm-weather travelers are driving up demand for gas, experts said.Mar 29, 2024, 12:44 PM
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Mar 26, 2024, 1:53 PM
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Trader Joe's raises banana prices less than a nickel but drops prices on other produce, various products
Trader Joe's confirmed the bananas that previously sold for just 19 cents a piece will now cost 23 cents.Mar 26, 2024, 1:53 PM
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Mar 21, 2024, 12:00 PM
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Food prices could increase further due to climate change's effect on inflation around the world: Study
The strain that rising global temperatures could have on the agriculture industry will likely cause food prices around the world to inflate even more.Mar 21, 2024, 12:00 PM
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Mar 21, 2024, 5:00 AM
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Biden administration forgives student loans for 78,000 more public service workers
Biden announced on Thursday that some 78,000 public service workers is the PSLF program will have $5.8 billion in student loan debt forgiven by his administrationMar 21, 2024, 5:00 AM
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Mar 20, 2024, 3:03 PM
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Fed holds interest rates steady, postponing rate cuts amid stubborn inflation
Inflation fell sharply last year but progress has stalled in recent months.Mar 20, 2024, 3:03 PM
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Mar 14, 2024, 4:06 PM
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Warren picks up Biden's call to crack down on 'shrinkflation'
As polls show rising inflation weighing on American families, President Joe Biden has continued to slam companies for “shrinkflation.”Mar 14, 2024, 4:06 PM
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Mar 13, 2024, 12:24 PM
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Dollar Tree and Family Dollar will close 1,000 stores following fourth-quarter loss
Dollar Tree announced it will record a $950 million impairment against Family Dollar's trade name in addition to a $1.07 billion goodwill charge.Mar 13, 2024, 12:24 PM
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Mar 12, 2024, 8:30 AM
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Inflation ticked up in February, reversing some prior progress
Consumer prices rose 3.2% over the year ending in February.Mar 12, 2024, 8:30 AM
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Mar 8, 2024, 5:14 PM
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Biden proposes relief for homebuyers. Here's what to know.
In his State of the Union, Biden put forward tax credits to ease affordability.Mar 8, 2024, 5:14 PM
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Mar 8, 2024, 11:20 AM
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Stronger than expected job gains reinforce hope of 'soft landing'
The U.S. added 275,000 jobs in February.Mar 8, 2024, 11:20 AM
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Mar 5, 2024, 3:42 PM
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Biden administration finalizes rule cutting credit card late fees
Biden administration officials said "a handful of large banks" account for $14 billion in credit card late fees charged to American households every year.Mar 5, 2024, 3:42 PM
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Mar 5, 2024, 10:48 AM
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How Cookie Monster's outcry over shrinkflation got the attention of politicians on Capitol Hill
An outcry over shrinkflation from "Sesame Street" character Cookie Monster got the attention of politicians and a response on Capitol Hill.Mar 5, 2024, 10:48 AM
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Mar 5, 2024, 6:00 AM
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AI is driving a stock market rally. What if the technology falters?
Proponents say AI will revolutionize business. Critics warn it may never come.Mar 5, 2024, 6:00 AM
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Mar 1, 2024, 3:00 AM
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Does a 4-day workweek work? Companies share results after 1 year
More efficiency, happier employees and lower turnover rates are among the positive results found by the study.Mar 1, 2024, 3:00 AM
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Mar 1, 2024, 6:13 AM
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'I eat or I pay my bills': Americans describe rent burden fears, concerns
More Americans are burdened by the cost of rent than ever before, according to a recent Harvard study, officially capturing the grim reality facing renters nationwide.Mar 1, 2024, 6:13 AM
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Feb 28, 2024, 5:05 AM
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Trump says his trade war triggered job gains. Here's why that didn't happen.
Trump has vowed to escalate tariffs in a possible second term.Feb 28, 2024, 5:05 AM
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Feb 26, 2024, 10:11 AM
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New home sales ticked up in January, despite elevated mortgage rates
Sales of new single-family homes increased 1.8% compared to the previous year.Feb 26, 2024, 10:11 AM
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Feb 22, 2024, 3:16 PM
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The housing market is cooling again. Here's why.
The average 30-year fixed mortgage rate is 6.9%.Feb 22, 2024, 3:16 PM
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Feb 20, 2024, 3:27 PM
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What a possible Capital One and Discover merger means for consumers
The deal may hold long-term implications for customers across the industry.Feb 20, 2024, 3:27 PM
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