Economy

Home Depot reported second quarter earnings slightly ahead of predictions on Tuesday, despite posting a drop in sales amid slowing demand for larger item purchases and building projects.

Fannie Mae said it continued to expect a modest recession beginning in the fourth quarter of this year or the first quarter of 2024, but a strong housing market would provide a "downside cushion."

Treasury Secretary Janet Yellen says she ate hallucinogenic mushrooms at a restaurant in China last month, adding that she didn't know what they were.

Sentiment among U.S. homebuilders unexpectedly fell in August for the first time this year as high mortgage rates weighed on consumer demand for new homes.

Buyers in search of a new car are facing record high payments due to inflation driving up sticker prices and higher interest rates causing financing costs to rise.

Retail sales rose more than expected in July as U.S. consumers continued to open their wallets and spend, even as they confronted an uptick in inflation.

Just as inflation has eroded the value of the U.S. national debt, so too has it eroded the value of national wealth.

Former President Trump's PAC "Save America" has spent more than $20 million in legal fees since the start of 2023, while special counsel investigations have cost taxpayers over $13 million since 2020.

A report by Goldman Sachs economists projects that global private investment in artificial intelligence (AI) may rise from $91.9 billion in 2022 to $158.4 billion in 2025.

Nearly two-thirds of working Americans who are at least 55 years old said they’ll delay retirement, a survey found. And those saving for retirement are doing so in a time of stubborn inflation and recession fears.