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Economy

Latest updates on the U.S. economy.

TGI Fridays' US footprint has shrunk to 85 restaurants across the country

TGI Fridays' US footprint has shrunk to 85 restaurants across the country

TGI Fridays’ footprint in the U.S. has shrunk, with the well-known chain's website on Wednesday listing just 85 restaurants across the country.

April 24, 2025 3:09am PDT
Trump reportedly ponders $5K baby bonus as US fertility rate remains near record low

Trump reportedly ponders $5K baby bonus as US fertility rate remains near record low

The Trump administration is reportedly looking at ways to incentivize having a baby to increase the U.S. birth rate, which remains near a record low according to newly-released CDC data.

April 23, 2025 10:36am PDT
Who owns America’s debt? What to know amid an uncertain economic outlook

Who owns America’s debt? What to know amid an uncertain economic outlook

Foreign countries hold trillions in U.S. government debt through Treasuries. But recent market volatility and tariffs have raised concerns about a global sell-off — and what that could mean for Americans.

April 22, 2025 6:07pm PDT
Trump says he won’t fire Fed chair, days after hinting otherwise and triggering market dip

Trump says he won’t fire Fed chair, days after hinting otherwise and triggering market dip

President Trump said Tuesday he does not plan to fire Federal Reserve Chair Jerome Powell, easing market fears after earlier threats to remove him triggered a selloff.

April 22, 2025 5:00pm PDT
Ex-Home Depot CEO warns Trump’s supply chain gamble may take decades

Ex-Home Depot CEO warns Trump’s supply chain gamble may take decades

Former Home Depot CEO Bob Nardelli said Trump has taken on the 'most difficult and challenging initiative in the history of our globe.'

April 22, 2025 3:33pm PDT
Americans' economic, financial expectations sink in April

Americans' economic, financial expectations sink in April

A new Gallup poll shows a sharp decline in Americans' confidence in the economy and their personal finances. d

April 22, 2025 3:21pm PDT
Bass proposes cutting over 1,600 city jobs amid budget deficit

Bass proposes cutting over 1,600 city jobs amid budget deficit

Los Angeles Mayor Karen Bass has proposed laying off more than 1,600 government workers in an attempt to close a nearly $1 billion budget gap.

April 22, 2025 9:26am PDT
DHL to halt global shipments over $800 to US due to new customs rules

DHL to halt global shipments over $800 to US due to new customs rules

The multinational logistics company DHL Express said it would suspend global shipments worth more than $800 to American consumers.

April 20, 2025 2:03pm PDT
Americans considering filing for bankruptcy hits highest level since pandemic

Americans considering filing for bankruptcy hits highest level since pandemic

Growing concerns about tariffs and debt were some of the reasons people looked into bankruptcy filings, a recent report shows.

April 18, 2025 8:47am PDT
Mortgage rates jump as tariffs hit markets; biggest spike in nearly a year

Mortgage rates jump as tariffs hit markets; biggest spike in nearly a year

The average rate on the 30-year fixed mortgage rose this week, according to the latest Freddie Mac data. Here's what to know.

April 18, 2025 3:06am PDT
Trump's tariffs raise concerns for LA's family-owned businesses

Trump's tariffs raise concerns for LA's family-owned businesses

One local business believes Donald Trump's trade war with China could get "really bad within days or weeks."

April 17, 2025 9:11pm PDT
March 2025 data shows home values flattening as sellers outnumber buyers

March 2025 data shows home values flattening as sellers outnumber buyers

March 2025 saw more homes hit the market than buyers were ready for, flattening price growth and increasing inventory to the highest level since 2020.

April 17, 2025 1:05pm PDT
Rent remains high across the U.S. despite months of declines, study finds

Rent remains high across the U.S. despite months of declines, study finds

The average cost of rent spiked nationwide and housing in certain cities could be impacted by tariffs, according to a new report.

April 17, 2025 12:19pm PDT
Can Trump fire the fed chair? President lashes out at Powell for economic outlook

Can Trump fire the fed chair? President lashes out at Powell for economic outlook

President Trump has hinted that he wants to fire Federal Reserve Chair Jerome Powell for his economic outlook and refusal to lower interest rates. Can he do that?

April 17, 2025 10:15am PDT
Temu and Shein, both founded in China, raising US prices due to tariffs

Temu and Shein, both founded in China, raising US prices due to tariffs

Temu and Shein plan to raise prices for U.S. customers starting next week amid Trump’s tariff on goods shipped from China.

April 17, 2025 4:25am PDT
US cities with the most affordable rent in 2025

US cities with the most affordable rent in 2025

The cities with the most affordable rent were those that had rent as low as 15% of the median income.

April 16, 2025 10:42am PDT
China’s economy grew 5.4% before US tariffs hit; slowdown likely, analysts warn

China’s economy grew 5.4% before US tariffs hit; slowdown likely, analysts warn

China’s economy posted 5.4% growth in the first quarter of 2025, fueled by strong exports ahead of steep new US tariffs. But economists warn a slowdown is likely as trade tensions escalate.

April 15, 2025 7:55pm PDT
Billionaire hedge fund manager warns tariffs could trigger conditions 'worse than a recession'

Billionaire hedge fund manager warns tariffs could trigger conditions 'worse than a recession'

Billionaire hedge fund manager Ray Dalio said that the U.S. economy could experience something "worse than a recession" if current economic and financial challenges aren't handled well.

April 15, 2025 12:44pm PDT
China halts Boeing jet orders after Trump slaps 145% tariffs on goods

China halts Boeing jet orders after Trump slaps 145% tariffs on goods

Boeing has delivered aircraft to multiple Chinese airlines this year, but the airline companies were told not to accept any more deliveries.

April 15, 2025 10:30am PDT
Forever 21 gift cards set to expire Tuesday as retailer shuts down US stores

Forever 21 gift cards set to expire Tuesday as retailer shuts down US stores

Forever 21 customers must use gift cards and store credit by the end of Tuesday as the retailer winds down its U.S. operations after filing for bankruptcy for the second time.

April 15, 2025 9:39am PDT
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SCOTUS will allow Texas to use redrawn congressional map for 2026 election

SCOTUS will allow Texas to use redrawn congressional map for 2026 election

DC pipe bomber arrest: FBI takes man into custody over bombs planted before Jan. 6

DC pipe bomber arrest: FBI takes man into custody over bombs planted before Jan. 6

Who is Brian Cole? Suspected DC pipe bomber arrested by FBI

Who is Brian Cole? Suspected DC pipe bomber arrested by FBI

USGS deletes 5.9 quake in Nevada from its website

USGS deletes 5.9 quake in Nevada from its website

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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California police warn of new trend among criminals stealing cars

California police warn of new trend among criminals stealing cars

Woman in custody after police chase across San Fernando Valley

Woman in custody after police chase across San Fernando Valley

GOP Senator seeks to end dual citizenship in U.S.

GOP Senator seeks to end dual citizenship in U.S.

Santa Monica shuts down sober living home; Neighbors fear it could reopen

Santa Monica shuts down sober living home; Neighbors fear it could reopen

Pastor at a church in Torrance accused of trying to meet with minor for sex

Pastor at a church in Torrance accused of trying to meet with minor for sex

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