Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
Seven out of every 10 stocks within the S&P 500 fell, though the index edged up by less than 0.1% to set another all-time high.
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Gold rush hits Trump-era Washington, from precious metal prices to Oval Office décor
The price of gold has surged by about 35% over the last year. One gold dealer from southern Indiana said the market is “a runaway train with no conductor.”
US producer prices surge in July as Trump tariffs push costs higher
U.S. wholesale inflation surged unexpectedly last month, signaling that the president’s sweeping import taxes are pushing costs up and that higher prices for consumers may be on the way.
Trump’s nominee to oversee jobs and inflation data faces shower of criticism
E.J. Antoni’s selection threatens to bring a new level of politicization to what has long been a nonpartisan agency widely accepted as a producer of reliable measures of the nation’s economic health
Homeowners turn to cash-out refinancing to take advantage of big gains in home equity
Cash-out refinances, in which homeowners take out a loan for more than they owe on their mortgage and pockets the difference, accounted for roughly 60% of all home loan refis in the second quarter.
US inflation held steady as mild tariff hit offset by cheaper gas, food
Americans are likely to absorb more trade-war costs in the coming months as Trump begins to finalize tariffs.
Trump nominates conservative economist to head agency that compiles jobs, inflation data
Trump fired the former Bureau of Labor Statistics chief on Aug. 1 after the July jobs report showed hiring slowed sharply this spring, with job gains in May and June revised much lower than initially estimated.
Vast majority of adults stressed about grocery costs, poll finds
Other financial stressors—like the cost of housing or the amount of money in their bank accounts—weigh more heavily on younger Americans, according to polling.
Restaurants balance rising, unpredictable costs with what customers value
Economic uncertainty has seeped into the attitudes of restaurant customers.
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House, as Trump has repeatedly demanded that the central bank reduce borrowing costs.
Economy shows strong rebound with 3% growth in second quarter
America gross domestic product—the nation’s output of goods and services—rebounded after falling at a 0.5% clip from January through March, the Commerce Department reported Wednesday.
Millionaires multiply, but most find it’s not all mansions and champagne
Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood.
Consumer confidence improves slightly, but Americans remain concerned about tariffs
Consumers’ fears of a recession during the next 12 months dipped in July but remain elevated and above last year’s levels.
US wholesale inflation remains in check, defying expectations
Wholesale prices in June saw their smallest year-over-year gain since September, the Labor Department reported Wednesday.
Inflation picked up in June as tariffs began to lift prices
The price increases in June were broad-based, affecting imports such as cosmetics, shoes and toys, as well as services like medical care, car insurance and education.
Stocks set new record to wrap up first half; here’s what drove markets
The U.S. stock market ended the first half of 2025 with back-to-back record highs, defying a rollicking few months of trade tensions and economic uncertainty that sent it deep into negative terrain in April.
Americans cut back on spending as inflation ticks higher
Consumer sentiment has also fallen sharply this year in the wake of the sometimes-chaotic rollout of President Donald Trump’s tariffs.
Economy shrank more than previously estimated in first quarter
Economists expect growth to bounce back to 3% in the second quarter, according to a survey of forecasters.
Consumer confidence index unexpectedly resumes slide
Americans’ view of the U.S. economy worsened this month. The regression surprised economists, who had expected a small uptick.
Consumer sentiment rises for first time this year as inflation remains tame
The large increase followed steady drops that left the preliminary number last month at the second-lowest level in the nearly 75-year history of the survey.