Follow the latest Economy news, videos, and analysis from ABC News.
May 12, 2024 at 12:32 AM
Is the housing bubble about to burst?
Home prices are soaring, leading some to question whether another housing bubble is about to burst. ABC News' Alexis Christoforous reports.
May 12, 2024 at 12:32 AM
May 11, 2024 at 9:13 AM
Home prices are soaring. Is this another bubble?
Nearly 15 years after a housing bubble triggered the worst financial disaster since the Great Depression, some observers are saying a housing bubble may happen again.
May 11, 2024 at 9:13 AM
May 11, 2024 at 1:44 AM
By The Numbers: Tax evasion
A look at the numbers behind the nation’s millionaires and billionaires. How wealthy individuals and companies have been getting away with underpaying their taxes for a decade.
May 11, 2024 at 1:44 AM
May 10, 2024 at 3:50 PM
US consumer sentiment drops to 6-month low on inflation, unemployment fears
Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise
May 10, 2024 at 3:50 PM
May 9, 2024 at 6:50 PM
Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale
May 9, 2024 at 6:50 PM
May 8, 2024 at 7:23 PM
Is it still the economy, stupid?
In a new series, we look back at political wisdom from past campaigns.
May 8, 2024 at 7:23 PM
May 7, 2024 at 8:01 PM
Current retirees could face significant cuts to benefits
A government report says trust funds for Social Security and Medicare will be depleted by 2033 and 2036 if lawmakers and the president do not intervene.
May 7, 2024 at 8:01 PM
May 7, 2024 at 12:12 PM
Starbucks is struggling. Here's why that matters.
Starbucks' shares have plummeted about 17% in value since last week as sales slump.
May 7, 2024 at 12:12 PM
May 5, 2024 at 4:57 PM
Antitrust laws are a bipartisan concern regardless of who’s doing the job: Lina Khan
ABC News’ Jonathan Karl interviews Federal Trade Commission Chair Lina Khan on “This Week.”
May 5, 2024 at 4:57 PM
May 5, 2024 at 11:18 AM
Warren Buffett says AI may be better for scammers than society. And he's seen how
Warren Buffett has come face to face with the downside of AI
May 5, 2024 at 11:18 AM
May 4, 2024 at 4:17 PM
Wall Street rallies on hopes of interest rate cut
Employers added of 175,000 jobs in April, a less than expected number. Wall Street applauded the news, sending the Dows Jones Industrial average rallying at 450 points.
May 4, 2024 at 4:17 PM
May 4, 2024 at 1:49 AM
By The Numbers: Peloton
A look at the numbers behind the amount of competition facing the fitness equipment industry as Peloton and other companies continue to suffer financial loss.
May 4, 2024 at 1:49 AM
May 3, 2024 at 6:30 PM
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 inflation
May 3, 2024 at 6:30 PM
May 3, 2024 at 6:29 PM
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.
May 3, 2024 at 6:29 PM
May 3, 2024 at 4:35 PM
April jobs report misses expectations, signaling a possible slowdown
U.S. employers added 175,000 jobs in April.
May 3, 2024 at 4:35 PM
May 2, 2024 at 8:50 PM
What you need to know about the federal interest rate decision
ABC News business reporter Alexis Christoforous breaks down the Federal Reserve’s decision on interest rates, and what it means for you and your wallet.
May 2, 2024 at 8:50 PM
May 2, 2024 at 7:28 PM
Interest rates could be high for much longer. Here's what it means for you
The Fed held interest rates steady at a meeting this week.
May 2, 2024 at 7:28 PM
May 1, 2024 at 7:55 PM
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 at 7:55 PM
May 1, 2024 at 7:47 PM
Federal Reserve leaves interest rates unchanged
ABC News business reporter Alexis Christoforous breaks down what this means for the economy.
May 1, 2024 at 7:47 PM
May 1, 2024 at 4:16 PM
McDonald’s and Starbucks report lower sales
ABC News business reporter Alexis Christoforous breaks down national business headlines.
May 1, 2024 at 4:16 PM
May 1, 2024 at 2:45 PM
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 rates
May 1, 2024 at 2:45 PM
April 30, 2024 at 3:26 PM
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 items
April 30, 2024 at 3:26 PM
April 29, 2024 at 7:12 PM
Money Monday: Tips for buying a home
Podcast host and finance expert Nicole Lapin discusses ways to finance homes, whether you’re a first-time home buyer or looking to buy a new home.
April 29, 2024 at 7:12 PM
April 29, 2024 at 12:22 PM
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. economy
April 29, 2024 at 12:22 PM
April 27, 2024 at 2:38 AM
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 York
April 27, 2024 at 2:38 AM
April 26, 2024 at 8:25 PM
Mortgage rates soar over 7%
ABC News’ business correspondent Alexis Christoforous breaks down the current housing market.
April 26, 2024 at 8:25 PM
April 26, 2024 at 7:34 PM
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 bid
April 26, 2024 at 7:34 PM
April 26, 2024 at 6:15 PM
The US economy is cooling off. Is it time to worry?
The economy slowed dramatically to start 2024.
April 26, 2024 at 6:15 PM
April 26, 2024 at 3:31 PM
Mortgage rates on the rise
One reason for the increase has been a shortage of properties, as many with ultra-low rates aren't moving.
April 26, 2024 at 3:31 PM
April 17, 2024 at 6:29 PM
Robert Herjavec shares tips to deal with inflation
The "Shark Tank" star has tips for individuals and small business owners to manage finances amid higher prices.
April 17, 2024 at 6:29 PM
1 month ago
Economy uncertain after Iran attacks Israel
ABC News business reporter Alexis Christoforous shares how an Israeli response to Iran's attack could lead to soaring gas prices and push inflation even higher.
1 month ago
1 month ago
Middle East tension causes concern on Wall Street
ABC News’ Rebecca Jarvis reports on how the rising tensions, along with higher-than-expected inflation, could impact the stock market.
1 month ago
1 month ago
Hot inflation likely to delay interest rate cuts. Here's what to expect
Rate cuts may not begin this year, some experts said.
1 month ago
1 month ago
Inflation rose sharply in March, undoing progress in lowering prices
U.S. Bureau of Labor Statistics reports that consumer prices rose 3.5% in March, accelerating from the previous month and reversing progress on curbing inflation.
1 month ago
1 month ago
Americans spending hundreds more each month compared to 2023, data shows
Consumer prices are on the rise nationwide according to data and our panel breaks down the latest inflation numbers.
1 month ago
1 month ago
US consumer prices rose 3.5% in March
U.S. consumer prices rose 3.5% year over year in March, according to the U.S. Bureau of Labor Statistics. Moody's analytics economist Matt Colyar gives his analysis.
1 month ago
1 month ago
Cost of goods and services continue to increase, report shows
ABC News business reporter Alexis Christoforous talks about an increase in the cost of goods and services and the likelihood of the Feds cutting interest rates.
1 month ago
1 month ago
All eyes on March Consumer Price Index report
ABC News’ Rebecca Jarvis has the latest on inflation numbers expected Wednesday, what they could signal about the economy and how it could impact your wallet.
1 month ago
1 month ago
Business Headlines: New inflation report is worse than expected
Inflation is moving in the wrong direction for the third month in a row, the price of the stamp may be going up again and "Honest Company" founder Jessica Alba is stepping down.
1 month ago
1 month ago
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.
1 month ago
1 month ago
JPMorgan CEO warns about interest rates
JPMorgan Chase’s Jamie Dimon warned that 8% interest rates could be in the future.
1 month ago
1 month ago
Interest rates could soar above 8%, Jamie Dimon warns
The CEO of the nation's largest bank said economic risks remain significant.
1 month ago
1 month ago
JPMorgan Chase CEO Dimon fears higher interest rates
Jamie Dimon wrote in a shareholder letter Monday that interest rates could rise to at least 8%.
1 month ago
1 month ago
Job market defies expectations in latest report
Employers added 303,000 jobs to the workforce in March, more than analysts expected, while the unemployment rate dipped from 3.9% to 3.8%.
1 month ago
1 month ago
Employers add 303,000 jobs in March
It's the largest monthly jobs gain since May 2023.
1 month ago
1 month ago
Biden on jobs report: “A milestone in America’s comeback”
The Bureau of Labor Statistics said more than 300,000 jobs were added to the U.S. economy in March. The highest number of new jobs in nearly a year.
1 month ago
1 month ago
Fed needs more time to assess inflation before rate cuts can happen: Powell
"We have time to let the incoming data guide our decisions," Powell said.
1 month ago
1 month ago
California fast food workers expecting bigger paychecks
The panel discusses the pay raise hitting the fast-food industry in California. Employees will now receive $20 per hour.
1 month ago
1 month ago
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.
1 month ago
1 month ago
California fast food workers get minimum wage hike
Fast food workers in California are getting a pay raise. Also, if you're a current or former AT&T customer, your information may have been leaked to the dark web.
1 month ago