Economy
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Inflation rate for April increased 0.6% from previous month, annual rate now 3.8%, Labor Department
The annualized rate was the highest since May 2023.
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U.S. farmers struggling with high price of fuel, fertilizer as bankruptcies rise
The U.S. lost more than 156,000 farms between 2017 and 2025, according to 2026 U.S. Census data. From 2024 to 2025 alone, farm bankruptcy filings jumped by 46%, the Farm Bureau reported.
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US economy added 115K jobs in April, unemployment rate remained at 4.3%
The job gains were in health care, transportation and warehousing, and retail trade,
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Del Monte bankruptcy will result in 420,000 peach trees in California being destroyed
The company canceled its 20-year contracts with peach farmers, who faced a $550 million loss of revenue.
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Country's real GDP increased in first quarter of 2026 at annualized rate of 2.2 percent
Investment, exports, consumer spending and government spending were contributors to the first-quarter real GDP increase. Imports, which are a subtraction in the calculation of GDP, also increased, the agency also said.
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Federal Reserve holds rates steady, but with significant disagreement
The vote was split 8-4, with officials expressing varying reasons for their vote.
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Federal Reserve expected to hold interest steady in Powell's final policy meeting as chair
The global energy shock stemming from the U.S.-Iran conflict in the Middle East is creating economic uncertainty as the Federal Open Market Committee meets to discuss policy.
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Microsoft offers voluntary buyouts to high-level U.S. employees as capital spending goes to AI
The move comes as the company shifts more capital spending toward data centers to meet the demands of generative AI models.
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Jobless claims slight increase last week, but numbers indicate layoffs are low
The initial claims are some of the lowest levels seen in the past year.
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Housing crisis becomes safety crisis when cops, firefighters can’t live in community they protect
Another concern related to police officers not being able to afford to live where they work is they cannot build trust with those whom they protect and serve through interacting in such everyday activities as community service.
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Fed nominee Warsh to back independence on interest rates
His nomination comes as Trump continues to criticize the Fed for its hesitance to lower rates, dubbing current Chairman Jerome Powell as "too late" Powell.
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Stock indices surge, oil prices drop after temporary Hormuz opening
Market conditions had already begun to improve on Thursday as President Donald Trump expressed optimism that the war in Iran was nearing its end.
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Tariff refunds begin as administration signals possible rate reinstatement by July
Many tariffs imposed under the International Emergency Economic Powers Act have been invalidated, triggering a large-scale refund process for importers.