The CEOs of two major U.S. banks discussed President Donald Trump's tariffs in letters within their quarterly earnings reports and said that the duties could slow the economy.
Corporate bankruptcies in the U.S. increased to their highest level in the first quarter since 2010, as firms with weaker balance sheets struggled to make debt payments.
Mortgage rates ticked slightly lower this week to 6.62%, according to the latest Freddie Mac data released on Thursday. That's down from last week's reading of 6.64%.
Wholesale egg prices have dropped by more than 56% after a sweeping USDA plan to stabilize the market, and officials say retail relief is just weeks away.
With 145% tariffs looming, experts warn of a $325 billion blow to U.S. tech, soaring iPhone costs, and major supply chain turmoil across fashion and electronics.
The Department of Government Efficiency (DOGE) uncovered tens of thousands of unemployment claims for claimants with improbably high or low ages, which the Labor Department confirmed.
China reached out its hand to Australia in the hopes of making an alliance against President Donald Trump's tariffs, but Australia refused to partner with Beijing.
General Motors said Thursday that it is temporarily laying off hundreds of workers at its all EV-plant in Detroit, Michigan, in response to market dynamics.
As U.S.-China trade tensions rise, experts warn Xi Jinping could cut rare earth exports or dump U.S. treasuries, threatening defense systems and economic stability.