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Economy

Latest updates on the U.S. economy.

Trump tax-cut package moving forward in Senate

Trump tax-cut package moving forward in Senate

The costs of the $4.5 trillion in tax cuts and how to pay for it are still up for debate.

April 2, 2025 12:04pm PDT
Here's how much you need to earn to afford a home in each U.S. state

Here's how much you need to earn to afford a home in each U.S. state

Consumers shopping for a home need a substantial annual household income to afford one in certain states based on data in a new study.

April 2, 2025 10:49am PDT
Forbes' richest people of 2025 list ranks most billionaires ever: See top 10

Forbes' richest people of 2025 list ranks most billionaires ever: See top 10

Forbes' wealthiest list for 2025 includes 3,028 billionaires – the most ever since it started the ranking in 1987.

April 2, 2025 7:02am PDT
'It's our turn to prosper': Trump announces 10% baseline tariffs on imports from all countries

'It's our turn to prosper': Trump announces 10% baseline tariffs on imports from all countries

Trump has repeatedly called April 2 “Liberation Day," with promises to roll out a set of tariffs that he says will free the U.S. from a reliance on foreign goods.

April 2, 2025 3:29am PDT
A third of Americans stopped buying eggs; won't revert back until prices drop

A third of Americans stopped buying eggs; won't revert back until prices drop

Over 30% of Americans have stopped buying eggs due to their exorbitant costs, according to a study by Clarify Capital.

April 1, 2025 3:09pm PDT
Hooters files for bankruptcy, plans sale of all company-owned restaurants

Hooters files for bankruptcy, plans sale of all company-owned restaurants

Hooters of America has filed for Chapter 11 bankruptcy in Texas to address $376 million in debt, planning to sell all 151 corporate-owned restaurants to a buyer group backed by its original founders.

March 31, 2025 7:31pm PDT
Can’t afford to pay your taxes? Here’s what the IRS wants you to do

Can’t afford to pay your taxes? Here’s what the IRS wants you to do

If you can’t pay your taxes this year, the IRS still wants you to file. Here’s how to get help, avoid penalties, and create a manageable plan.

March 31, 2025 6:48pm PDT
Liberation Day: The tariffs we could expect on April 2

Liberation Day: The tariffs we could expect on April 2

"Liberation Day" is what President Donald Trump is calling the day he announces a new round of tariffs targeting foreign goods.

March 31, 2025 2:13pm PDT
Interest rate cuts: Here's what Bank of America's CEO expects this year

Interest rate cuts: Here's what Bank of America's CEO expects this year

Bank of America analysts think the new tariff will cause car prices to go up and purchase of vehicles to slow down.

March 29, 2025 2:24pm PDT
Should Americans rush to buy a car before the tariffs? Here's what Trump says

Should Americans rush to buy a car before the tariffs? Here's what Trump says

President Trump was asked Friday whether Americans should rush to buy cars now before his planned 25% tariffs on imported cars, light trucks and auto parts take effect.

March 28, 2025 5:47pm PDT
Trump signs order to end collective bargaining for some federal workers: What to know

Trump signs order to end collective bargaining for some federal workers: What to know

The president signed an order late Thursday evening ending collective bargaining with federal labor unions in agencies with national security missions.

March 28, 2025 6:06am PDT
Average Wall Street bonus is more than most people's salary: See the numbers

Average Wall Street bonus is more than most people's salary: See the numbers

Bonuses on Wall Street surged to record highs last year, nearly quadrupling the average annual salary in the U.S.

March 27, 2025 8:31am PDT
Trump to unveil tariff plans on April 2: What to know

Trump to unveil tariff plans on April 2: What to know

President Donald Trump has dubbed April 2 “Liberation Day.” On April 2, Trump plans to unveil his plans for reciprocal tariffs.

March 25, 2025 5:47pm PDT
USC implements hiring freeze, more budget cuts amid Trump funding threats

USC implements hiring freeze, more budget cuts amid Trump funding threats

The University of Southern California is making some big changes amid cuts to research funding and an ongoing investigation over campus protests.

March 25, 2025 1:50pm PDT
This California city just banned digital-only coupons at grocery stores

This California city just banned digital-only coupons at grocery stores

A California city has become the first in the U.S. to ban digital-only grocery coupons under the new Grocery Pricing Transparency Ordinance.

March 25, 2025 10:22am PDT
Southwest Airlines layoffs looming at these Southern California airports

Southwest Airlines layoffs looming at these Southern California airports

Southwest Airlines plans to lay off employees at four airports, including LAX and Burbank in Southern California, starting in June.

March 24, 2025 10:24am PDT
Iconic Burbank restaurant Chili John's in danger of closing after 79 years

Iconic Burbank restaurant Chili John's in danger of closing after 79 years

Chili John's restaurant in Burbank is facing the threat of closure after more than 70 years in business.

March 23, 2025 10:15am PDT
Here's how much the 'American Dream' costs in Los Angeles

Here's how much the 'American Dream' costs in Los Angeles

The "American Dream" costs at least $102,000 a year in all of the 50 biggest cities in the U.S., according to a new analysis.

March 22, 2025 11:05am PDT
$1400 IRS stimulus checks, $1 billion in unclaimed tax refunds & $5000 DOGE checks update

$1400 IRS stimulus checks, $1 billion in unclaimed tax refunds & $5000 DOGE checks update

American taxpayers are encouraged to act quickly to see if they are eligible for refunds that could provide vital financial relief – before time runs out!

March 20, 2025 10:28am PDT
Fed keeps interest rates unchanged; what this means for you

Fed keeps interest rates unchanged; what this means for you

As expected, the Federal Reserve will leave interest rates unchanged – for now – as it predicts slower economic growth than it did three months ago.

March 19, 2025 11:13am PDT
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Viral: Cousins surprise California grandparents with Christmas sleepover

Viral: Cousins surprise California grandparents with Christmas sleepover

ATM dragged through storefront in failed Christmas Eve robbery

ATM dragged through storefront in failed Christmas Eve robbery

2 killed, 20 injured after gas leak explosion at Bristol nursing home

2 killed, 20 injured after gas leak explosion at Bristol nursing home

2025 Holiday Shipping Deadlines: USPS, FedEx, UPS important dates to remember

2025 Holiday Shipping Deadlines: USPS, FedEx, UPS important dates to remember

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

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Yelp’s No. 1 ramen spot for 2025 is in Los Angeles: See the list

Yelp’s No. 1 ramen spot for 2025 is in Los Angeles: See the list

2 girls killed in fire at home in Murrieta

2 girls killed in fire at home in Murrieta

California restaurants open on Christmas Eve, Christmas Day in 2025

California restaurants open on Christmas Eve, Christmas Day in 2025

Call of Duty co-creator Vince Zampella dies at 55: TMZ

Call of Duty co-creator Vince Zampella dies at 55: TMZ

FBI charges 4 in New Year's Eve bombings plot in Los Angeles

FBI charges 4 in New Year's Eve bombings plot in Los Angeles

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