Oil prices expected to be impacted following US bombing of Iran nuclear sites
Oil market braces for price surge after U.S. attacks on Iranian nuclear facilities. Analysts predict disruptions to Middle Eastern oil infrastructure.
America's power grid faces unprecedented challenge as AI and crypto drive demand skyward
Artificial intelligence and cryptocurrency are driving U.S. electricity demand to record highs, with data centers leading the surge as renewable energy's share increases to 27% by 2026.
Recent graduates facing 'deteriorated' labor market as unemployment reaches highest level in years
Federal Reserve data shows labor market decline affecting recent graduates, with unemployment at 5.8% for those aged 22-27 as AI potentially displaces entry-level positions
Costco to open new stand-alone gas station
Mission Viejo, California approves Costco's first-ever standalone gas station with 40 pumps replacing a former a Bed, Bath and Beyond store.
Mortgage rates tick lower for second week in a row
The average rate on the 30-year fixed mortgage fell this week to 6.84%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.85%.
JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon warned U.S. economic conditions could deteriorate soon, undermining a potential soft landing with employment declining and inflation rising slightly.
Inflation increased slightly on an annual basis in May
The Bureau of Labor Statistics reported that the consumer price index (CPI) increased in May, as inflation remained above the Federal Reserve's 2% target.
Disney celebrates major milestone while showcasing impact on US economy
Disney parks generate $67 billion annually and support over 400,000 jobs across the U.S., as Disneyland celebrates its 70th anniversary.
Job growth continued to slow in May amid economic uncertainty
The Labor Department reported that the U.S. economy added 139,000 jobs in May, as employers slowed the pace of hiring amid uncertainty over economic conditions and policies.
US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Layoffs increased by nearly 50% in May compared with last year, as DOGE was cited as the leading cause of 284,044 job cuts in 2025 so far, representing about 40% of cuts.
Aldi is cutting prices on hundreds of items for the summer
Aldi is slashing prices on over 400 products while Target introduces thousands of low-cost items as retailers try to attract shoppers who are pulling back.
Mortgage rates drop for first time in weeks, still hover near 7%
The average rate on the 30-year fixed mortgage fell this week to 6.85%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.89%.
ECB cuts rates as bets build on a summer pause
The ECB has now lowered borrowing costs eight times since last June, seeking to prop up a eurozone economy that was struggling before U.S. economic policies dealt it further blows.
Private sector added just 37,000 jobs in May, lowest in over 2 years, ADP says
The figure reported on Wednesday is well below economists’ estimates of 110,000 jobs and also down from the prior month’s revised reading of 60,000 jobs.
Popular fried chicken chain acquired by private equity firm in $1B deal
Fast-food company Dave's Hot Chicken is set for global growth after Roark Capital's $1 billion acquisition, aiming for 400 locations by the end of the year.
US economic growth forecast cut sharply due to higher tariffs
The OECD's forecast projects a slowdown in U.S. economic growth due to tariffs, with GDP growth at 1.5% in 2026 and inflation reaching 3.9% by the end of 2025.
Costco sees record fuel sales after extending gas station hours
Costco's extended gas station hours and new openings have resulted in record-breaking sales. The retailer reports increased member usage and satisfaction.
Trump warns court ruling against tariffs could lead to 'economic ruination' of US
President Donald Trump warns of economic ruination if courts rule against his tariffs after the U.S. Court of International Trade blocks emergency import taxes.
Fed's favored inflation gauge shows consumer prices eased in April
The Fed's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended closer to the central bank's target.
Mortgage rates rise for third straight week, hover near 7%
The average rate on the 30-year fixed mortgage rose this week to 6.89%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.86%.



















