Economy

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US first-quarter GDP: Economy shrank 0.5% amid trade policy uncertainty

The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments…

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Trump administration challenges CBO deficit projections for tax bill

The Trump administration is pushing back on projections for the so-called "One Big, Beautiful Bill,"…

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Microsoft plans more Xbox job cuts next week

Microsoft is planning another round of cuts at Xbox as part of the tech giant's…

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Trump says Fed Chair Powell is ‘low IQ’ and keeping interest rates too high

President Donald Trump slammed Federal Reserve Chairman Jerome Powell on Wednesday as the head of…

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Long-term unemployment creating challenges for workers

The U.S. labor market is in a holding pattern with relatively low unemployment, but a slower…

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U.S. trade faces pressure in Middle Eastern markets from recent conflict to Trump tariffs

SOUTH PITTSBURG, Tenn. – Some U.S. manufacturers have raised concerns that conflict in the Middle…

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CareerBuilder + Monster files for Chapter 11 bankruptcy

Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday.…

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Fed Chair Powell testifies US economy is in a ‘solid position’

Federal Reserve Chair Jerome Powell said that the economy is in a "solid position" as the…

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Compass sues Zillow for alleged monopoly power over real estate listings

One of the largest U.S. residential real estate brokerage firms is taking on real estate…

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US energy production counters Iran’s threats to close Strait of Hormuz

Iran threatened to attempt to close one of the world's most important shipping lanes for oil…

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