Follow the latest Economy news, videos, and analysis from ABC News.
3 hours ago
US dollar is off to its worst start in 50 years. Here's why that matters for you.
A weaker dollar will impact everyday purchases and travel abroad, analysts said.
3 hours ago
3 hours ago
US dollar is off to its worst start in 50 years. Here's why that matters for you.
A weaker dollar will impact everyday purchases and travel abroad, analysts said.
3 hours ago
July 2, 2025 at 9:39 PM
How Trump's megabill would impact SNAP, nation's most vulnerable Americans
Chefs, food equality advocates and nonprofit leaders rally against Trump's megabill that would slash SNAP funding for the nation's most vulnerable.
July 2, 2025 at 9:39 PM
July 2, 2025 at 7:12 PM
Waffle House drops surcharge on eggs after nearly 5 months
Waffle House announced it will no longer have a 50 cent per egg surcharge after establishing the fee during the bird flu shortage in February.
July 2, 2025 at 7:12 PM
July 2, 2025 at 3:40 PM
Microsoft announces another mass layoff, thousands of workers affected
Microsoft is firing thousands of workers, its second mass layoff in months
July 2, 2025 at 3:40 PM
July 1, 2025 at 6:57 PM
Fed chair open to rate cut amid Trump pressure
President Trump has repeatedly urged Fed Chair Jerome Powell to slash interest rates.
July 1, 2025 at 6:57 PM
July 1, 2025 at 2:47 PM
US job openings in May hit 7.8M in a continuing display of labor market resilience
U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilient in the face of high borrowing costs and uncertainty over U.S. economic policy
July 1, 2025 at 2:47 PM
July 1, 2025 at 1:37 AM
Trump sent handwritten note to Powell calling for lower interest rates
During Monday’s briefing, press secretary Karoline Leavitt held up the note to reporters, which appeared to have been written by President Donald Trump using his signature black Sharpie.
July 1, 2025 at 1:37 AM
June 30, 2025 at 5:16 PM
Economy going back to ‘pre-pandemic days’: Analyst
Bankrate senior economic analyst Mark Hamrick explains why a “cooler” job market doesn’t mean the U.S. economy is “stalling out.”
June 30, 2025 at 5:16 PM
June 29, 2025 at 11:20 PM
How the Big Beautiful Bill will hit your wallet
As Trump’s ‘Big Beautiful Bill’ moves forward, Brendan Duke, senior director for federal budget policy at the Center on Budget and Policy Priorities, breaks down who benefits and who loses out.
June 29, 2025 at 11:20 PM
June 28, 2025 at 11:36 PM
Finding a new job when times are tight
Leadership coach Kim Meninger joins ABC News Live to discuss navigating the desire to leave your job amid fears about the economy and layoffs.
June 28, 2025 at 11:36 PM
June 27, 2025 at 12:50 PM
Key inflation gauge rose last month while Americans cut back on spending
A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending
June 27, 2025 at 12:50 PM
June 27, 2025 at 12:31 PM
Nike warns Trump tariffs could cost nearly $1 billion
Nike warned on its post-earnings call that if President Donald Trump’s tariff policies were to remain at their current level, they could cost the company nearly $1 billion.
June 27, 2025 at 12:31 PM
June 27, 2025 at 12:31 PM
How a weaker US dollar could impact your international travel plans
A weaker U.S. dollar in some destinations could mean less favorable foreign exchange rates and a big impact on the overall cost of your trip.
June 27, 2025 at 12:31 PM
June 26, 2025 at 4:20 PM
Tariffs ‘likely to increase’ inflation, former Labor Secretary Robert Reich says
Former Labor Secretary Robert Reich and filmmaker Elliot Kirschner highlight their new documentary, “The Last Class,” and Reich discusses the current state of the U.S. economy.
June 26, 2025 at 4:20 PM
June 26, 2025 at 2:50 PM
Young people face toughest job market in years
"GMA" takes a look at the challenges facing recent college grads, as many struggle to land their first job amid a tough job market, according to the latest unemployment report.
June 26, 2025 at 2:50 PM
June 26, 2025 at 2:20 PM
US economy shrank 0.5% between January and March, worse than earlier estimates showed
The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate
June 26, 2025 at 2:20 PM
June 26, 2025 at 1:34 PM
Fewer Americans sought unemployment benefits last week as layoffs remain low
The number of Americans applying for unemployment benefits dropped last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs
June 26, 2025 at 1:34 PM
June 25, 2025 at 4:16 PM
Fed Chair Powell testifies before Senate Banking Committee
ABC News’ Alexis Christoforous reports on the second day of testimony from Federal Reserve Chair Jerome Powell, and the likelihood of a cut in interest rates.
June 25, 2025 at 4:16 PM
June 25, 2025 at 2:40 PM
Majority of workers think ‘stable full-time job’ is a myth: Report
New data shows unfavorable opinions of the 9-to-5 workday, with fewer workers interested in taking leadership roles.
June 25, 2025 at 2:40 PM
June 24, 2025 at 2:50 PM
Consumer confidence sours, despite rollback of Trump's tariffs
Some major retailers have warned of price increases.
June 24, 2025 at 2:50 PM
June 23, 2025 at 8:03 PM
Oil prices expected to rise following strikes on Iran's nuclear facilities
Kpler's lead oil analyst Matt Smith breaks down the impact on oil prices following the growing conflict in the Middle East.
June 23, 2025 at 8:03 PM
June 23, 2025 at 4:07 PM
How Iran’s possible closure of Strait of Hormuz could impact gas prices
GasBuddy's Patrick De Haan discusses how gas prices could rise within the coming days as the conflict between the U.S. and Iran grows.
June 23, 2025 at 4:07 PM
June 23, 2025 at 2:47 PM
May home sales barely move as high mortgage rates, prices, weigh on housing market
Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase
June 23, 2025 at 2:47 PM
June 23, 2025 at 2:06 PM
What the Iran conflict could mean for oil and gas prices
"GMA" looks at how the conflict in Iran could impact oil and gas prices in the U.S. and around the world.
June 23, 2025 at 2:06 PM
June 22, 2025 at 11:10 PM
Oil prices expected to rise after strikes
Robert McNally, founder and president of Rapidan Energy Group, discusses Iran’s approval of Strait of Hormuz closure.
June 22, 2025 at 11:10 PM
June 21, 2025 at 10:58 PM
What it takes to start a business in this economy
Feather & Bone skincare founder Shubhangini Prakash joins ABC News Live to share her experience launching a business and offer advice for entrepreneurs.
June 21, 2025 at 10:58 PM
June 19, 2025 at 5:46 PM
Israel-Iran conflict expected to hike US gas prices, experts say
Gas Buddy's Patrick De Haan discusses how U.S. gas prices could rise within the coming days as the conflict between Israel and Iran continues.
June 19, 2025 at 5:46 PM
June 19, 2025 at 3:16 PM
As US gas prices rise amid Israel-Iran conflict, here’s how you can save
The cost of crude oil is up nearly 10% since Israel’s initial strike on Iran last Friday. ABC News’ Alexis Christoforous reports.
June 19, 2025 at 3:16 PM
June 19, 2025 at 3:10 PM
How much could US gas prices rise amid Israel-Iran conflict?
US gas prices could rise within days, industry analysts said.
June 19, 2025 at 3:10 PM
June 19, 2025 at 2:05 PM
Gas prices rise amid rising tensions in Middle East
The cost of crude oil is up nearly 10% since Israel’s strike on Iran. ABC News Chief Business Correspondent Rebecca Jarvis tracks where prices are going and how you can save.
June 19, 2025 at 2:05 PM
June 19, 2025 at 10:08 AM
Social Security may run dry earlier than previously anticipated, trustees say
Social Security and Medicare could face automatic cuts in 2033, a report found.
June 19, 2025 at 10:08 AM
June 18, 2025 at 7:17 PM
Fed holds interest rates steady, defying Trump
The Fed has pursued a patient approach as it awaits the effects of tariffs.
June 18, 2025 at 7:17 PM
June 18, 2025 at 7:01 PM
Fed holds interest rates steady, defying Trump
The Federal Reserve held its benchmark interest rate steady on Wednesday, continuing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of tariffs.
June 18, 2025 at 7:01 PM
June 18, 2025 at 2:54 PM
Trump slams Fed Chair Powell as 'stupid person' ahead of rate decision
President Donald Trump criticized Federal Reserve Chairman Jerome Powell as he spoke with reporters outside the White House on Wednesday morning.
June 18, 2025 at 2:54 PM
June 18, 2025 at 2:05 PM
‘No rate cut’ at Fed meeting, financial analyst predicts
Bankrate’s Greg McBride explains the economic scenarios that could prompt a cut in interest rates by the Federal Reserve.
June 18, 2025 at 2:05 PM
June 16, 2025 at 8:07 PM
Stocks close higher, despite intensifying Israel-Iran conflict
Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.
June 16, 2025 at 8:07 PM
June 13, 2025 at 5:54 PM
Oil prices surge and stocks slump after Israel attack on Iran
The strike stoked concern among investors about a possible wider conflict across the Middle East, which accounts for a large share of global oil production. ABC News’ Alexis Christoforous reports.
June 13, 2025 at 5:54 PM
June 12, 2025 at 2:35 PM
China appears to downplay US trade deal Trump said was 'done'
A spokesperson for China's Ministry of Commerce on Thursday appeared to downplay what President Donald Trump said Wednesday was a "done" trade deal.
June 12, 2025 at 2:35 PM
June 11, 2025 at 2:51 PM
Trump says China trade deal 'done,’ and subject to 'final approval'
ABC News’ Britt Clennett reports on what both sides are getting from this agreement, and what happens next.
June 11, 2025 at 2:51 PM
June 11, 2025 at 2:48 PM
US and China agree to framework of trade deal
United States and Chinese officials say they have reached a tentative agreement to implement a deal the countries struck a month ago in Geneva that pauses most tariffs for 90 days.
June 11, 2025 at 2:48 PM
June 11, 2025 at 2:39 PM
Inflation ticked slightly higher in May amid Trump tariffs
The economy has defied warnings from economists and retailers of tariff-induced price hikes.
June 11, 2025 at 2:39 PM
June 11, 2025 at 2:12 PM
Inflation ticked slightly higher in May amid Trump tariffs
The U.S. Consumer Price Index released on Wednesday showed May inflation ticking slightly higher, rising 2.4%, in line with expectations. ABC News’ Alexis Christoforous reports.
June 11, 2025 at 2:12 PM
June 8, 2025 at 2:27 AM
Economy steady amid global tariff war
Despite a dip in May's jobs report, Americans seem to show resiliency as an ongoing tariff war shakes stocks for Tesla and Lululemon. ABC News' Phil Lipof has the latest numbers.
June 8, 2025 at 2:27 AM
1 month ago
Hiring slowed in May as Trump's tariffs fluctuated
The job market has proven resilient as firms warn of uncertainty tied to tariffs. ABC News’ Alexis Christoforous reports.
1 month ago
1 month ago
Hiring slowed in May as Trump's tariffs fluctuated
The job market has proven resilient as firms warn of uncertainty tied to tariffs.
1 month ago
1 month ago
US trade deficit narrowed significantly amid Trump's tariff escalation
The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.
1 month ago
1 month ago
Unemployment filings are highest in 8 months
More than 240,000 people filed for unemployment last week, according to the Bureau of Labor Statistics. ABC News’ Alexis Christoforous reports.
1 month ago
1 month ago
Beef prices could spike this summer
Prices are expected to climb due to a lack of supply after the U.S. stopped cattle imports from Mexico last month due to a parasite affecting cattle in the country.
1 month ago
1 month ago
CBO says tariffs will shrink the economy and add to inflation but reduce the deficit
Nonpartisan Congressional Budget Office estimates that Trump’s tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.
1 month ago