Economy
Image
Home Depot sales rise 5%, defying high gas prices and falling consumer confidence
Richard McPhail, Home Depot CFO, said that homeowners are, up to a point, insulted from the impacts of the current economy.
Image
Everyday Economics: The economy is still standing, but the squeeze Is building.
Since the conflict with Iran began, the 10-year Treasury yield is up 54 basis points. will matter. But they will mostly confirm what the more timely Zillow data
Image
Starbucks to lay off 300 corporate employees, close some support offices
The layoffs won't impact coffeehouse employees.
Image
US wholesale prices in April highest in three years
On an annual basis, April's Producer Price Index was up 6%, the largest increase since December 2022.
Image
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.
Image
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.
Image
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,
Image
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.
Image
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.
Image
Federal Reserve holds rates steady, but with significant disagreement
The vote was split 8-4, with officials expressing varying reasons for their vote.
Image
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.
Image
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.
Image
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.