Economy

"Fortnite" maker Epic Games is laying off about 900 employees, or 16% of its staff, according to a new report. The job cuts were announced in a memo to staff, the report said.

Delta Air Lines said it is rethinking the overhaul of its loyalty program after receiving feedback from customers. It's now planning on making modifications.

The Biden administration announced consequences of a government shutdown. One of them is that the travel industry could face significant delays and longer wait times.

After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.

Social Security's trust funds are projected to be depleted by 2033, at which point retirees would see a significant cut to their benefits if the program isn't reformed.

United Auto Workers strikes at more plants belonging to General Motors, Stellantis and Ford could reportedly come Friday, depending on the status of negotiations.

The price of oil is nearing $94 per barrel after the Energy Information Administration reported a larger-than-expected draw on inventories of over 2.1 million, jolting the crude market.

Most Americans believe the economy is in bad shape, but the majority also say their finances are well, according to a poll. Still, inflation and high interest rates could impact the finances of Americans as the economy remains the top concern going into the presidential election.

Inflation and rising interest rates are costing consumers and spooking markets, creating further headwinds for the U.S. economy just as the 2024 season election kicks into gear.

Home-purchase applications slumped again last week as mortgage rates surged to the highest level since 2000, rapidly cooling demand among would-be buyers.