Economy
Follow the latest Economy news, videos, and analysis from ABC News.
2 hours ago

Macy's Q4 is mixed and its 2025 outlook is tempered by tariffs and leery shoppers

Macy’s swung to a profit in the fourth quarter, though sales dipped with shoppers still cautious about spending
2 hours ago
FILE - A Macy's department store is in Bay Shore, Long Island, New York, on Tuesday, December 12, 2023. (AP Photo/Ted Shaffrey, File)
March 5, 2025 at 4:16 PM

Trump’s economic policies debated by political strategists

Political strategists Julie Roginsky and Mehek Cooke examine what President Donald Trump discussed at Tuesday night’s address to Congress.
March 5, 2025 at 4:16 PM
VIDEO: Trump’s economic policies debated by political strategists
March 4, 2025 at 9:45 PM

Stocks tumble after Trump tariffs take effect

The Trump administration's long-promised tariffs took hold on Tuesday.
March 4, 2025 at 9:45 PM
Traders work on the New York Stock Exchange (NYSE) floor on Feb. 24, 2025 in New York City.
March 4, 2025 at 3:26 PM

What Trump's tariffs mean for the cost of everyday items

ABC News' Alexis Christoforous breaks down the financial impact on industries, the stock market and U.S. consumers.
March 4, 2025 at 3:26 PM
VIDEO: What Trump's tariffs mean for the cost of everyday items
March 4, 2025 at 12:08 PM

Target posts strong fourth quarter profits and sales, but warns on impact of tariffs

Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs and other costs
March 4, 2025 at 12:08 PM
A Target parking lot in Emeryville, Calif., Friday, Feb. 28, 2025. (AP Photo/Godofredo A. Vásquez)
February 28, 2025 at 8:55 AM

Are egg producers inflating prices during the bird flu outbreak to boost profits?

Egg producers blame the ongoing bird flu outbreak for driving prices up to record highs
February 28, 2025 at 8:55 AM
FILE - The eggs price is displayed on the edge of a shelf at a grocery store in Glenview, Ill., Monday, Feb. 10, 2025. (AP Photo/Nam Y. Huh, File)
February 27, 2025 at 11:52 PM

Economists say Trump tariff threats, DOGE job cuts are 'chilling' the economy

Economists say uncertainty from Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.
February 27, 2025 at 11:52 PM
Elon Musk delivers remarks during a Cabinet meeting held by President Donald Trump at the White House, Feb. 26, 2025 in Washington.
February 27, 2025 at 5:27 PM

Average US rate on a 30-year mortgage falls for sixth-straight week

The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going
February 27, 2025 at 5:27 PM
FILE - For sale and sold signs are seen in storage at a real estate office on Tuesday, Oct. 15, 2024, in Portland, Ore. (AP Photo/Jenny Kane, File)
February 27, 2025 at 4:28 PM

Pending US home sales slide to all-time low in January on rates, prices

Pending home sales in the United States slid to an all-time low in January as high mortgage rates, record-high home prices, and possibly the terrible weather last month hindered those seeking to buy
February 27, 2025 at 4:28 PM
FILE - "Sale Pending" is posted on an existing home for sale real estate sign, Feb. 27, 2023, in Salem, N.H. (AP Photo/Charles Krupa, file)
February 27, 2025 at 3:52 PM

US economy expanded at 2.3% annual pace from October to December

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth
February 27, 2025 at 3:52 PM
FILE - A consumer places a flat of eggs in a shopping cart in a Costco warehouse Tuesday, Feb. 18, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
February 27, 2025 at 3:17 PM

Trump administration’s new plan to deal with egg prices and bird flu outbreak

As part of the plan, the U.S. will look to import 70 to 100 million eggs and invest $500 million in biosecurity, according to Agriculture Secretary Brooke Rollins.
February 27, 2025 at 3:17 PM
VIDEO: Trump administration’s new plan to deal with egg prices and bird flu outbreak
February 26, 2025 at 1:46 PM

USDA: Egg prices could increase 41% this year

ABC News’ Erielle Reshef has the latest on egg prices as the spread of bird flu continues to cause a supply shortage across the country.
February 26, 2025 at 1:46 PM
VIDEO: USDA: Egg prices could increase 41% this year
February 26, 2025 at 12:35 PM

Here's how much egg prices could rise in 2025, according to the USDA

Egg prices are predicted to increase by 41.1% in 2025, according to a report released by the Department of Agriculture on Tuesday.
February 26, 2025 at 12:35 PM
Freshly laid organic eggs sit stacked in a henhouse at Sunrise Farms on Feb. 18, 2025 in Petaluma, Calif.
February 26, 2025 at 8:56 AM

Egg prices will rise more than 40% this year: USDA

As the retail price of eggs continues to experience volatile month-to-month changes due to the outbreak of bird flu, the agriculture department on Tuesday predicted prices will increase 41.1% in 2025.
February 26, 2025 at 8:56 AM
VIDEO: Egg prices will rise more than 40% this year: USDA
February 25, 2025 at 10:55 PM

Bitcoin price falls, losing gains made under Trump

The price of bitcoin dropped Tuesday to its lowest level since November.
February 25, 2025 at 10:55 PM
The price of bitcoin dropped Tuesday to its lowest level since November.
February 25, 2025 at 5:44 PM

Consumer confidence plummets in largest drop since 2021

A gauge of consumer confidence registered its largest monthly drop since 2021.
February 25, 2025 at 5:44 PM
In this undated stock photo, a woman is seen shopping in a supermarket.
February 25, 2025 at 4:01 PM

US store closures expected to grow in 2025: Analysts

ABC News’ Elizabeth Schulze breaks down what’s behind the trend of brick-and-mortar stores shuttering.
February 25, 2025 at 4:01 PM
VIDEO: US store closures expected to grow in 2025: Analysts
February 25, 2025 at 1:07 AM

Denny's announces egg surcharge, joining Waffle House

The pricing decision comes in response to regional impacts of the ongoing egg shortage, the company said.
February 25, 2025 at 1:07 AM
A view of a Denny's restaurant, Feb. 14, 2025 in Hayward, Calif.
February 24, 2025 at 9:20 PM

Fired forest service worker says layoffs are 'deeply unsettling'

Lanny Flaherty was among several thousand probationary workers terminated from the U.S. Forest Service in the Trump administration's sweeping reduction of the federal workforce.
February 24, 2025 at 9:20 PM
VIDEO: Fired forest service worker says layoffs are 'deeply unsettling'
February 24, 2025 at 4:47 PM

Egg prices skyrocket to record levels

The average price for a dozen eggs nationwide has risen 96% over the last year from $2.52 to $4.95 in January 2025.
February 24, 2025 at 4:47 PM
VIDEO: Egg prices skyrocket to record levels
February 23, 2025 at 5:09 PM

New concerns as housing market slumps

According to the National Association of Realtors, existing home sales decreased almost 5% in January from December, but rose 2% from the same year-ago month.
February 23, 2025 at 5:09 PM
VIDEO: New concerns as housing market slumps
February 23, 2025 at 3:46 AM

Home sales see sharp decline

Rising mortgage rates and record high prices are putting off potential home buyers. Consumers are also expressing other concerns about the economy.
February 23, 2025 at 3:46 AM
VIDEO: Home sales see sharp decline
February 21, 2025 at 10:43 PM

Layoffs hit FAA employees tasked with producing air traffic navigation maps

Terminated probationary employees at the FAA include some who work on the team responsible for producing air traffic navigation maps, sources told ABC News.
February 21, 2025 at 10:43 PM
The Federal Aviation Administration (FAA) headquarters, Feb. 9, 2024, in Washington, D.C.
February 21, 2025 at 5:55 PM

Forever 21 mulls declaring bankruptcy amid troubles

The fast-fashion retailer is reportedly on the brink of declaring bankruptcy for the second time and closing at least 200 of its remaining 250 locations across the U.S.
February 21, 2025 at 5:55 PM
VIDEO: Forever 21 mulls declaring bankruptcy amid troubles
February 20, 2025 at 1:59 PM

Slightly more Americans apply for unemployment, but layoffs remain relatively low

Slightly more Americans applied for jobless benefits last week, but layoffs remained in the same recent healthy range
February 20, 2025 at 1:59 PM
FILE - A hiring sign is displayed at a retail store in Mount Prospect, Ill., Saturday, Nov. 2, 2024. (AP Photo/Nam Y. Huh, File)
February 20, 2025 at 4:01 AM

Author explores the decline in US economic and social mobility and how to fix it

ABC News’ Linsey Davis speaks with author Yoni Appelbaum about his new book ‘Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity’ and how he believes we can fix it.
February 20, 2025 at 4:01 AM
Author explores the decline in US economic and social mobility and how to fix it
February 18, 2025 at 12:37 AM

Egg prices crack record highs due to bird flu outbreaks

Egg prices continue to crack new record highs, according to a new report by the United States Department of Agriculture.
February 18, 2025 at 12:37 AM
A sign for customers shopping for eggs at Trader Joe's hangs by the cartons in Merrick, New York,  February 16, 2025.
February 16, 2025 at 2:59 PM

What to know about the bird flu outbreak and its risk to your health and wallet

ABC News’ medical correspondent Dr. Darien Sutton and ABC’s Alexis Christoforous breakdown the health risk of the bird flu and the impacts it’s making on prices at the grocery store.
February 16, 2025 at 2:59 PM
VIDEO: What to know about the bird flu outbreak and its risk to your health and wallet
February 16, 2025 at 2:07 AM

Egg prices hit record high 

The average cost of a dozen eggs hit $4.95 -- 81 cents higher than the month before, according to the Bureau of Labor Statistics.
February 16, 2025 at 2:07 AM
VIDEO: Egg prices hit record high 
February 15, 2025 at 4:04 PM

Credit card debt at record high

Americans’ total credit card balance hit a new all-time high of over $1.2 trillion, according to a new report from the federal Reserve Bank of New York.
February 15, 2025 at 4:04 PM
VIDEO: Credit card debt at record high
February 14, 2025 at 7:09 PM

Chickens for rent amid scramble for pricey eggs

Due to rising bird flu infections across the United States, an egg shortage has left many Americans scrambling. One solution: renting chickens.
February 14, 2025 at 7:09 PM
A Connecticut farmer came up with the idea five years ago, but now he’s becoming quite popular as the price of eggs climb.
February 14, 2025 at 3:06 PM

Americans' credit card debt reaches new record high: Federal Reserve

Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
February 14, 2025 at 3:06 PM
Visa credit cards are displayed in Washington, Oct. 27, 2009.
February 13, 2025 at 2:06 PM

Trump blames Biden for worse than expected inflation

New inflation figures have President Donald Trump pointing the finger at his predecessor, while Americans deal with the financial fallout.
February 13, 2025 at 2:06 PM
New inflation figures have President Donald Trump pointing the finger at his predecessor, while Americans deal with the financial fallout.
February 13, 2025 at 1:46 PM

Mortgage and credit card interest rates to remain high

Inflation is up for the fourth straight month with families paying more groceries and medical bills, and it being unlikely that the Fed will cut interest rates anytime soon.
February 13, 2025 at 1:46 PM
VIDEO: Mortgage and credit card interest rates to remain high
February 13, 2025 at 9:10 AM

Inflation rises as consumer prices surge in January

As President Donald Trump returned to office, inflation rose to 3% in January, marking the highest level in seven months. The increase is higher than many experts expected.
February 13, 2025 at 9:10 AM
VIDEO: Inflation rises as consumer prices surge in January
February 12, 2025 at 11:33 PM

Joann to close 500 of its 800 fabric and craft stores

The move is part of the company's ongoing bankruptcy proceedings.
February 12, 2025 at 11:33 PM
In this April 11, 2012, file photo, a Jo-Ann Fabrics store is shown in Wyomissing, Pa.
February 12, 2025 at 4:16 PM

Inflation increased in January, posing obstacle for tariff plans

Consumer prices rose 3% in January compared to a year ago, data showed. ABC News' Alexis Christoforous reports.
February 12, 2025 at 4:16 PM
VIDEO: Inflation increased in January, posing obstacle for tariff plans
February 12, 2025 at 3:30 AM

By The Numbers: The future of pennies and ‘wasteful’ production

A look at the numbers behind the cost of coin making, just how many coins are circulated and U.S. mint coin production as President Trump instructs the Treasury to stop producing the one-cent coins.
February 12, 2025 at 3:30 AM
By The Numbers: The future of pennies and ‘wasteful’ production
February 11, 2025 at 11:06 PM

These prices could rise due to tariffs on steel and aluminum

Trump this week announced 25% tariffs on all imported steel and aluminum.
February 11, 2025 at 11:06 PM
President Donald Trump speaks to the media during an executive order signing in the Oval Office of the White House in Washington, Feb. 10, 2025.
February 11, 2025 at 7:28 PM

Quiksilver, Billabong and Volcom stores are closing in the US in 2025

All Quiksilver, Billabong and Volcom stores will be closing in the U.S due to a voluntary bankruptcy filed by Liberated Brands.
February 11, 2025 at 7:28 PM
In this Nov. 8, 2015, file photo, big discounts on merchandise and fixtures are advertised in the Quicksilver store in Times Square in New York.
February 11, 2025 at 5:07 PM

Fed chair testifies on Capitol Hill

ABC News’ Alexis Christoforous reports on what Fed Chair Jerome Powell is telling lawmakers about a “strong overall” economy.
February 11, 2025 at 5:07 PM
VIDEO: Fed chair testifies on Capitol Hill
February 11, 2025 at 3:54 PM

Skyrocketing egg prices hit consumers hard

With bird flu infections across the nation surging and egg supply plummeting, consumers are on the hunt for eggs as prices rise and businesses are feeling the pressure.
February 11, 2025 at 3:54 PM
VIDEO: Skyrocketing egg prices hit consumers hard
February 11, 2025 at 1:19 PM

Trader Joe's, Costco, Sprouts limit purchases on fresh eggs amid shortages

Costco, Trader Joe's, Sprouts and other grocery stores across the U.S. are limiting how many eggs customers can buy as bird flu continues to dwindle supply.
February 11, 2025 at 1:19 PM
A shopper selects a carton of eggs from a display in a Walmart store, Feb. 7, 2025, in Englewood, Colo.
February 11, 2025 at 3:00 AM

Supermarkets limit purchases on fresh eggs amid shortages

With the price of eggs skyrocketing as cases of bird flu spread among flocks across the United States, chains like Costco and Trader Joe's have implemented purchase limits.
February 11, 2025 at 3:00 AM
VIDEO: Supermarkets limit purchases on fresh eggs amid shortages
February 10, 2025 at 7:46 PM

Rise in egg thefts amid nationwide shortage

The thefts come amid a soaring number of bird flu infections across the United States, which is causing an egg shortage.
February 10, 2025 at 7:46 PM
VIDEO: Rise in egg thefts amid nationwide shortage
1 month ago

See how egg prices in the US have changed from 1980 to now

Egg prices have remained steady over the past 45 years, until now.
1 month ago
Egg prices have remained steady over the past 45 years, until now.
1 month ago

CEO speaks out after $40K egg heist in Pennsylvania

The CEO of Pete and Gerry’s Eggs is speaking out after 100,000 eggs were stolen from one of its facilities in Pennsylvania last weekend.
1 month ago
A customer picks up a dozen eggs to buy  in a Giant grocery store in McLean, Virginia on Jan. 28, 2025.
1 month ago

US employers added just 143,000 jobs last month

ABC News’ Alexis Christoforous breaks down the report which also shows that the jobless rate slipped to 4% to start 2025.
1 month ago
VIDEO: US employers added just 143,000 jobs last month
1 month ago

Rents are high. A new bill in Congress aims to change that.

New legislation in Congress aims to tackle a financial burden weighing on millions of households -- rent that is too damn high, as one NYC activist famously claimed.
1 month ago
For Rent Real Estate Sign In Front of a Row of Apartment Condominiums Balconies and Garage Doors.
1 month ago

The cost of eggs is breaking records but may level out soon

The United States has experienced a significant rise in egg prices due to the bird flu outbreak, resulting in the deaths of millions of laying hens.
1 month ago
VIDEO: The cost of eggs is breaking records but may level out soon